Malaysia: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Malaysia

After two years of decline, the Malaysian cigarettes containing tobacco market increased by 1.1% to $X in 2022. Overall, consumption, however, recorded a pronounced descent. Cigarettes containing tobacco consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cigarettes Containing Tobacco Production in Malaysia

In value terms, cigarettes containing tobacco production contracted to $X in 2022 estimated in export price. Overall, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Cigarettes containing tobacco production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cigarettes Containing Tobacco Exports

Exports from Malaysia

After eight years of decline, shipments abroad of cigarettes containing tobacco increased by 8.2% to X tons in 2022. Overall, exports, however, showed a precipitous descent. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cigarettes containing tobacco exports expanded notably to $X in 2022. In general, exports, however, recorded a dramatic decrease. The growth pace was the most rapid in 2014 with an increase of 7.5% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for cigarettes containing tobacco exports from Malaysia, with a 64% share of total exports. Moreover, cigarettes containing tobacco exports to the Philippines exceeded the volume sent to the second major destination, Japan (X tons), fivefold. Singapore (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-32.0% per year) and Singapore (-40.2% per year).

In value terms, the largest markets for cigarettes containing tobacco exported from Malaysia were Singapore ($X), the Philippines ($X) and Japan ($X), with a combined 61% share of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of -5.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average cigarettes containing tobacco export price amounted to $X per ton, shrinking by -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2018 when the average export price increased by 19%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Cambodia ($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 Singapore (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cigarettes Containing Tobacco Imports

Imports into Malaysia

In 2022, after two years of decline, there was significant growth in overseas purchases of cigarettes containing tobacco, when their volume increased by 14% to X tons. Over the period under review, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 15% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cigarettes containing tobacco imports soared to $X in 2022. Overall, imports, however, recorded a drastic downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), the Philippines (X tons) and Singapore (X tons) were the main suppliers of cigarettes containing tobacco imports to Malaysia, together accounting for 92% of total imports. Seychelles, Vietnam, China and Hong Kong SAR lagged somewhat behind, together accounting for a further 5.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Seychelles (with a CAGR of +12.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) constituted the largest supplier of cigarettes containing tobacco to Malaysia, comprising 66% of total imports. The second position in the ranking was held by the Philippines ($X), with a 24% share of total imports. It was followed by Singapore, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-2.3% per year) and Singapore (-4.9% per year).

Import Prices by Country

The average cigarettes containing tobacco import price stood at $X per ton in 2022, increasing by 8.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 18%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :