Hong Kong SAR, China: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Hong Kong SAR, China

The Hong Kong cigarettes containing tobacco market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption enjoyed a buoyant increase. Cigarettes containing tobacco consumption peaked in 2022 and is likely to see steady growth in the near future.

Cigarettes Containing Tobacco Production in Hong Kong SAR, China

In value terms, cigarettes containing tobacco production contracted notably to $X in 2022 estimated in export price. Overall, production showed a noticeable slump. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cigarettes Containing Tobacco Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of cigarettes containing tobacco were exported from Hong Kong SAR; with a decrease of X% against 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cigarettes containing tobacco exports contracted dramatically to $X in 2022. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for cigarettes containing tobacco exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, cigarettes containing tobacco exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by Singapore (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

In value terms, China ($X) emerged as the key foreign market for cigarettes containing tobacco exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Singapore, with an X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average cigarettes containing tobacco export price amounted to less than $X per thousand units, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at less than $X per thousand units in 2021, and then contracted in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea (less than $X per thousand units) and India (less than $X per thousand units), while the average price for exports to the United Arab Emirates (less than $X per thousand units) and the Philippines (less than $X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cigarettes Containing Tobacco Imports

Imports into Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in overseas purchases of cigarettes containing tobacco, which decreased by X% to X units in 2022. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cigarettes containing tobacco imports shrank modestly to $X in 2022. Over the period under review, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units) constituted the largest supplier of cigarettes containing tobacco to Hong Kong SAR, accounting for a X% share of total imports. Moreover, cigarettes containing tobacco imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cigarettes containing tobacco to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average cigarettes containing tobacco import price amounted to less than $X per thousand units, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia (less than $X per thousand units) and Serbia (less than $X per thousand units), while the price for South Korea (less than $X per thousand units) and Poland (less than $X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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