New Zealand: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in New Zealand

The New Zealand cigarettes containing tobacco market shrank significantly to $X in 2022, dropping by -15.1% against the previous year. In general, consumption continues to indicate a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cigarettes Containing Tobacco Production in New Zealand

In value terms, cigarettes containing tobacco production dropped to $X in 2022 estimated in export price. Overall, production recorded a pronounced descent. The growth pace was the most rapid in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cigarettes Containing Tobacco Exports

Exports from New Zealand

In 2022, shipments abroad of cigarettes containing tobacco decreased by -54.1% to X tons, falling for the eighth year in a row after three years of growth. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco exports declined notably to $X in 2022. In general, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 57% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Australia (X tons) and Germany (X tons) were the main destinations of cigarettes containing tobacco exports from New Zealand, together accounting for 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +68.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cigarettes containing tobacco exported from New Zealand were Singapore ($X), Australia ($X) and Germany ($X), with a combined 92% share of total exports.

Germany, with a CAGR of +62.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cigarettes containing tobacco export price amounted to $X 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 +3.2%. The growth pace was the most rapid in 2018 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and Germany ($X per ton), while the average price for exports to Australia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Cigarettes Containing Tobacco Imports

Imports into New Zealand

In 2022, the amount of cigarettes containing tobacco imported into New Zealand shrank remarkably to X tons, with a decrease of -35.4% compared with the previous year. Overall, imports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2015 with an increase of 105% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco imports shrank markedly to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 103%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of cigarettes containing tobacco to New Zealand, with a 60% share of total imports. Moreover, cigarettes containing tobacco imports from Singapore exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+83.3% per year) and Indonesia (+110.0% per year).

In value terms, Singapore ($X) constituted the largest supplier of cigarettes containing tobacco to New Zealand, comprising 60% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total imports. It was followed by Indonesia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+66.5% per year) and Indonesia (+111.6% per year).

Import Prices by Country

The average cigarettes containing tobacco import price stood at $X per ton in 2022, picking up by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 an increase of 32%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Indonesia ($X per ton), while the price for Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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