China: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in China

The Chinese cigarettes containing tobacco market fell to $X in 2022, waning by -6.7% against the previous year. In general, consumption continues to indicate a slight decline. Cigarettes containing tobacco consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Cigarettes Containing Tobacco Production in China

In value terms, cigarettes containing tobacco production shrank to $X in 2022 estimated in export price. Overall, production saw a slight setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 22% against the previous year. Cigarettes containing tobacco production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Cigarettes Containing Tobacco Exports

Exports from China

Cigarettes containing tobacco exports from China fell remarkably to X tons in 2022, which is down by -15.1% on the year before. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 33%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, cigarettes containing tobacco exports plummeted to $X in 2022. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 25%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belize (X tons) was the main destination for cigarettes containing tobacco exports from China, with a 32% share of total exports. Moreover, cigarettes containing tobacco exports to Belize exceeded the volume sent to the second major destination, Panama (X tons), twofold. The third position in this ranking was held by Singapore (X tons), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belize amounted to +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-4.3% per year) and Singapore (-5.0% per year).

In value terms, the largest markets for cigarettes containing tobacco exported from China were Belize ($X), Panama ($X) and Singapore ($X), with a combined 29% share of total exports. These countries were followed by the Philippines, the United Arab Emirates, Thailand, Australia, Aruba, Iraq, Indonesia and Malaysia, which together accounted for a further 15%.

Among the main countries of destination, Aruba, with a CAGR of +55.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cigarettes containing tobacco export price stood at $X per ton in 2022, with a decrease of -2.3% against the previous year. In general, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Aruba ($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 Indonesia (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cigarettes Containing Tobacco Imports

Imports into China

In 2022, overseas purchases of cigarettes containing tobacco decreased by -11.2% to X tons, falling for the third consecutive year after two years of growth. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 203% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cigarettes containing tobacco imports expanded rapidly to $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 247%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Singapore (X tons), South Korea (X tons) and Indonesia (X tons) were the main suppliers of cigarettes containing tobacco imports to China, together comprising 50% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +57.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cigarettes containing tobacco suppliers to China were South Korea ($X), Indonesia ($X) and Singapore ($X), together comprising 57% of total imports.

Indonesia, with a CAGR of +91.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cigarettes containing tobacco import price stood at $X per ton in 2022, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2017 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($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 (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :