Price for Tobacco, (Not Stemmed or Stripped) in South Korea - 2022
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in South Korea (CIF) - 2022
- Price for Tobacco, (Not Stemmed or Stripped) in South Korea (FOB) - 2022
- Imports of Tobacco, (Not Stemmed or Stripped) in South Korea
- Exports of Tobacco, (Not Stemmed or Stripped) in South Korea
Price for Tobacco, (Not Stemmed or Stripped) in South Korea (CIF) - 2022
In December 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $5,484 per ton, with a decrease of -32% against the previous month. Over the period under review, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 58% m-o-m. The import price peaked at $9,968 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($8,235 per ton), while the price for Tanzania ($4,069 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco, (Not Stemmed or Stripped) in South Korea (FOB) - 2022
The average export price for tobacco, (not stemmed or stripped)s stood at $9,178 per ton in 2022, jumping by 17% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $10,900 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($9,185 per ton), while the average price for exports to Germany amounted to $8,833 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.5%), while the prices for the other major destinations experienced a decline.
Imports of Tobacco, (Not Stemmed or Stripped) in South Korea
In 2022, tobacco, (not stemmed or stripped) imports into South Korea skyrocketed to 7.9K tons, rising by 18% on the previous year. The total import volume increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, tobacco, (not stemmed or stripped) imports skyrocketed to $40M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, imports attained the peak of $41M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Tobacco, (Not Stemmed or Stripped) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 6.6 | 7.3 | 7.5 | 8.1 | 7.1% |
| Greece | 7.2 | 12.2 | 8.9 | 7.6 | 1.8% |
| Tanzania | 4.7 | 3.5 | 4.8 | 7.2 | 15.3% |
| Malawi | 3.3 | 3.6 | N/A | 6.9 | 27.9% |
| Bulgaria | 3.9 | 6.7 | 3.9 | 5.7 | 13.5% |
| Thailand | 1.7 | 1.9 | 1.2 | 2.7 | 16.7% |
| North Macedonia | 3.1 | 3.2 | 2.8 | 1.3 | -25.1% |
| Paraguay | 0.3 | 0.2 | 0.5 | 0.7 | 32.6% |
| Philippines | 0.9 | 2.0 | 5.1 | N/A | 138.0% |
| Others | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Total | 32.0 | 40.8 | 34.9 | 40.2 | 7.9% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to South Korea in 2022:
- Malawi (2398.6 tons)
- Tanzania (1820.0 tons)
- Turkey (1070.9 tons)
- Greece (882.4 tons)
- Bulgaria (689.9 tons)
- Thailand (524.2 tons)
- Paraguay (264.1 tons)
- North Macedonia (227.8 tons)
Exports of Tobacco, (Not Stemmed or Stripped) in South Korea
Tobacco, (not stemmed or stripped) exports from South Korea surged to 166 tons in 2022, with an increase of 21% on 2021. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, tobacco, (not stemmed or stripped) exports surged to $1.5M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tobacco, (Not Stemmed or Stripped) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 554 | 779 | 1,021 | 1,500 | 39.4% |
| Germany | N/A | N/A | 4.2 | 26.5 | 531.0% |
| Indonesia | 244 | 3.1 | N/A | N/A | -98.7% |
| Others | N/A | N/A | 55.0 | 0.1 | -99.8% |
| Total | 798 | 782 | 1,080 | 1,527 | 24.1% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from South Korea in 2022:
- Russia (163.3 tons)
- Germany (3.0 tons)
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