Singapore: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in Singapore

For the third year in a row, the Singaporean unmanufactured tobacco market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption showed a abrupt slump. Unmanufactured tobacco consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Unmanufactured Tobacco Exports

Exports from Singapore

In 2022, shipments abroad of tobacco (unmanufactured) increased by X% to X tons, rising for the fourth consecutive year after five years of decline. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, unmanufactured tobacco exports rose rapidly to $X in 2022. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for unmanufactured tobacco exports from Singapore, with a X% share of total exports. Moreover, unmanufactured tobacco exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X tons), sevenfold. Georgia (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average unmanufactured tobacco export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Hong Kong SAR ($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.

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Unmanufactured Tobacco Imports

Imports into Singapore

In 2022, purchases abroad of tobacco (unmanufactured) was 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, imports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, unmanufactured tobacco imports expanded notably to $X in 2022. In general, imports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest unmanufactured tobacco supplier to Singapore, accounting for a X% share of total imports. Moreover, unmanufactured tobacco imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate 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 Brazil (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of tobacco (unmanufactured) to Singapore, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Brazil, 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 Brazil (X% per year).

Import Prices by Country

The average unmanufactured tobacco import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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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