Singapore: Tobacco Market 2024

Tobacco Market Size in Singapore

The Singaporean tobacco market rose markedly to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Tobacco Production in Singapore

In value terms, tobacco production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Tobacco Exports

Exports from Singapore

In 2022, overseas shipments of tobacco (smoking tobacco, chewing tobacco, snuff) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco exports surged to $X in 2022. Overall, exports, however, faced a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for tobacco exports from Singapore, with a X% share of total exports. Moreover, tobacco exports to Indonesia exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Malaysia (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for tobacco (smoking tobacco, chewing tobacco, snuff) exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average tobacco export price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Imports

Imports into Singapore

In 2022, purchases abroad of tobacco (smoking tobacco, chewing tobacco, snuff) decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tobacco imports totaled $X in 2022. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest tobacco supplier to Singapore, accounting for a X% share of total imports. Moreover, tobacco imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), tenfold. The third position in this ranking was taken by Jordan (X tons), 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: South Korea (X% per year) and Jordan (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of tobacco (smoking tobacco, chewing tobacco, snuff) to Singapore, comprising X% of total imports. The second position in the ranking was taken by Jordan ($X), with a X% share of total imports. It was followed by Germany, 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: Jordan (X% per year) and Germany (X% per year).

Import Prices by Country

The average tobacco import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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 the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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