Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea - 2022

Contents:

1. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea (CIF) - 2022
2. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea (FOB) - 2022
3. Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea
4. Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea (CIF) - 2022

The average import price for lighters; pocket, cigarette, gas fuelled, refillables stood at $0.2 per unit in 2022, surging by 3.7% against the previous year. Over the period under review, the import price showed tangible growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 95%. Over the period under review, average import prices hit record highs at $0.4 per unit in 2016; however, from 2017 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 France ($0.5 per unit), while the price for China ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea (FOB) - 2022

The average export price for lighters; pocket, cigarette, gas fuelled, refillables stood at $0.3 per unit in 2022, rising by 43% against the previous year. Over the period under review, the export price, however, faced a sharp decrease. Over the period under review, the average export prices reached the peak figure at $4.7 per unit in 2014; however, from 2015 to 2022, the 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 France ($0.3 per unit), while the average price for exports to Hong Kong SAR amounted to $0.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-23.0%).

Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea

In 2022, overseas purchases of lighters; pocket, cigarette, gas fuelled, refillables decreased by -2.5% to 89M units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33%. As a result, imports attained the peak of 99M units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, refillables reached $16M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 45%. As a result, imports reached the peak of $18M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable to South Korea in 2022:

1. China (77.8M units)
2. France (4.2M units)
3. Vietnam (4.1M units)
4. Japan (2.5M units)

Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in South Korea

Exports of lighters; pocket, cigarette, gas fuelled, refillables from South Korea soared to 2.4M units in 2022, with an increase of 94% against the year before. Overall, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, refillables skyrocketed to $618K in 2022. In general, exports, however, showed a pronounced reduction. Over the period under review, the exports of attained the maximum at $658K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable from South Korea in 2022:

1. Hong Kong SAR (2364.6K units)
2. France (7.8K units)

Source: IndexBox Market Intelligence Platform