Asia-Pacific: Tobacco Market 2024

Tobacco Market Size in Asia-Pacific

The Asia-Pacific tobacco market amounted to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Tobacco Production in Asia-Pacific

In value terms, tobacco production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Tobacco Exports

Exports in Asia-Pacific

In 2023, shipments abroad of tobacco (smoking tobacco, chewing tobacco, snuff) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, tobacco exports rose remarkably to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from India (X tons), the Philippines (X tons), China (X tons), Malaysia (X tons), Indonesia (X tons) and South Korea (X tons), together finishing at X% of total export. Singapore (X tons) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest tobacco supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by China, with an X% share.

In India, tobacco exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Tobacco Imports

Imports in Asia-Pacific

In 2023, tobacco imports in Asia-Pacific skyrocketed to X tons, with an increase of X% compared with the previous year's figure. In general, imports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, tobacco imports amounted to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of tobacco imports in 2023 were China (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), the Philippines (X tons), Japan (X tons), Cambodia (X tons) and India (X tons), together accounting for X% of total import. Singapore (X tons), Afghanistan (X tons), Democratic People's Republic of Korea (X tons), Myanmar (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco importing markets in Asia-Pacific were Taiwan (Chinese) ($X), South Korea ($X) and Indonesia ($X), together comprising X% of total imports. The Philippines, China, India, Cambodia, Japan, Afghanistan, Myanmar, Democratic People's Republic of Korea, Singapore and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, posted a slight expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Afghanistan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform