Tobacco Refuse Price in South Korea - 2022
Contents:
- Tobacco Refuse Price in South Korea (CIF) - 2022
- Tobacco Refuse Price in South Korea (FOB) - 2022
- Tobacco Refuse Imports in South Korea
- Tobacco Refuse Exports in South Korea
Tobacco Refuse Price in South Korea (CIF) - 2022
In 2022, the average tobacco refuse import price amounted to $794 per ton, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 an increase of 14%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,381 per ton), while the price for Paraguay ($400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Tobacco Refuse Price in South Korea (FOB) - 2022
The average tobacco refuse export price stood at $1,183 per ton in 2022, shrinking by -3.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,964 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($2,229 per ton), while the average price for exports to Malaysia stood at $198 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.0%).
Tobacco Refuse Imports in South Korea
For the third year in a row, South Korea recorded decline in overseas purchases of tobacco refuses, which decreased by -11.5% to 6.6K tons in 2022. Over the period under review, imports showed a abrupt setback. The smallest decline of -2.4% was in 2020.
In value terms, tobacco refuse imports reached $5.2M in 2022. In general, imports showed a noticeable contraction.
| Import of Tobacco Refuse in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2,420 | 2,227 | 1,686 | 1,640 | -12.2% |
| China | 1,172 | 1,797 | 1,990 | 1,560 | 10.0% |
| Zimbabwe | 476 | 426 | 267 | 335 | -11.1% |
| India | 484 | 257 | 390 | 330 | -12.0% |
| Jordan | N/A | 247 | 120 | 281 | 6.7% |
| Argentina | 539 | 155 | 91.1 | 258 | -21.8% |
| United States | 128 | 172 | 197 | 197 | 15.5% |
| Paraguay | 176 | 147 | 120 | 188 | 2.2% |
| Indonesia | 0.1 | 0.1 | 2.0 | 184 | 1125.4% |
| Tanzania | 217 | 96.1 | N/A | 64.3 | -33.3% |
| Others | 389 | 257 | 367 | 200 | -19.9% |
| Total | 6,003 | 5,781 | 5,231 | 5,236 | -4.5% |
Top Suppliers of Tobacco Refuse to South Korea in 2022:
- Brazil (2068.6 tons)
- China (1699.1 tons)
- Jordan (510.3 tons)
- Paraguay (469.8 tons)
- Indonesia (364.9 tons)
- Argentina (316.8 tons)
- Zimbabwe (312.7 tons)
- United States (280.8 tons)
- India (239.0 tons)
- Tanzania (92.2 tons)
Tobacco Refuse Exports in South Korea
Tobacco refuse exports from South Korea shrank markedly to 299 tons in 2022, dropping by -40.2% compared with 2021 figures. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 41%.
In value terms, tobacco refuse exports dropped markedly to $353K in 2022. In general, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year.
| Export of Tobacco Refuse in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,625 | 416 | 563 | 323 | -41.6% |
| Malaysia | 29.2 | 32.1 | 48.4 | 30.4 | 1.4% |
| Others | 4.4 | 36.8 | N/A | N/A | 736.4% |
| Total | 1,659 | 485 | 612 | 353 | -40.3% |
Top Export Markets for Tobacco Refuse from South Korea in 2022:
- Malaysia (153.8 tons)
- Singapore (144.9 tons)
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Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
