Philippines: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in the Philippines

In 2022, the Philippine unmanufactured tobacco market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a moderate increase. Unmanufactured tobacco consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Unmanufactured Tobacco Production in the Philippines

In value terms, unmanufactured tobacco production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average unmanufactured tobacco yield in the Philippines contracted modestly to X tons per ha, remaining relatively unchanged against 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the average unmanufactured tobacco yield attained the maximum level at X tons per ha in 2019; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The unmanufactured tobacco harvested area in the Philippines stood at X ha in 2022, remaining constant against the previous year's figure. Overall, the harvested area, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the unmanufactured tobacco harvested area remained at a somewhat lower figure.

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Unmanufactured Tobacco Exports

Exports from the Philippines

In 2022, shipments abroad of tobacco (unmanufactured) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports saw temperate growth. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, unmanufactured tobacco exports reached $X in 2022. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Myanmar (X tons), Indonesia (X tons) and the United States (X tons) were the main destinations of unmanufactured tobacco exports from the Philippines, together accounting for X% of total exports. The Dominican Republic, Belgium, Taiwan (Chinese), South Korea, Malaysia, the United Arab Emirates, the Netherlands, Sweden and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unmanufactured tobacco exported from the Philippines were Myanmar ($X), the Dominican Republic ($X) and Indonesia ($X), together comprising X% of total exports. Belgium, the United States, South Korea, Taiwan (Chinese), the United Arab Emirates, Sweden, the Netherlands, Germany and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average unmanufactured tobacco export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

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

Unmanufactured Tobacco Imports

Imports into the Philippines

In 2022, overseas purchases of tobacco (unmanufactured) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, unmanufactured tobacco imports expanded to $X in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Brazil (X tons) were the main suppliers of unmanufactured tobacco imports to the Philippines, with a combined X% share of total imports. Belgium, Bangladesh, Switzerland, Zimbabwe, Indonesia, Turkey, Germany, Pakistan, Malawi and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Zimbabwe (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unmanufactured tobacco suppliers to the Philippines were India ($X), Belgium ($X) and China ($X), with a combined X% share of total imports. Brazil, Indonesia, Bangladesh, Switzerland, Germany, Turkey, Zimbabwe, Malawi, Pakistan and Vietnam lagged somewhat behind, together accounting for a further X%.

Zimbabwe, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unmanufactured tobacco import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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