Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the UK - 2023

Contents:

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

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the UK (CIF) - 2022

The average import price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $0.2 per unit in 2022, increasing by 2.8% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lighters; pocket, cigarette, gas fuelled, non-refillables increased by +72.3% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 31% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1 per unit), while the price for Vietnam ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the UK (FOB) - 2022

In 2022, the average export price for lighters; pocket, cigarette, gas fuelled, non-refillables amounted to $0.4 per unit, remaining constant against the previous year. Overall, the export price, however, showed perceptible growth. The most prominent rate of growth was recorded in 2018 an increase of 62% against the previous year. Over the period under review, the average export prices reached the peak figure at $0.4 per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($0.6 per unit), while the average price for exports to Ireland ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the UK

In 2022, imports of lighters; pocket, cigarette, gas fuelled, non-refillables into the UK expanded markedly to 30M units, growing by 12% compared with the year before. Over the period under review, imports, however, showed a abrupt contraction. Imports peaked at 53M units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, non-refillables surged to $5.6M in 2022. Overall, imports, however, recorded a abrupt contraction. Over the period under review, imports of hit record highs at $7.9M in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable to the UK in 2022:

1. China (14.0M units)
2. Vietnam (12.7M units)
3. Netherlands (1.5M units)
4. France (0.7M units)
5. Spain (0.7M units)
6. Germany (0.3M units)

Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the UK

In 2022, shipments abroad of lighters; pocket, cigarette, gas fuelled, non-refillables decreased by -39.5% to 1.1M units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 23% against the previous year. As a result, the exports reached the peak of 3.6M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, non-refillables contracted dramatically to $441K in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 91%. As a result, the exports attained the peak of $1.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable from the UK in 2022:

1. Ireland (484.3K units)
2. Netherlands (251.9K units)
3. Italy (104.3K units)
4. France (76.3K units)
5. Hong Kong SAR (74.1K units)
6. Germany (65.7K units)
7. Vietnam (33.7K units)

Source: IndexBox Market Intelligence Platform