Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Vietnam - 2022

Contents:

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

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

The average export price for lighters; pocket, cigarette, gas fuelled, refillables stood at $0.1 per unit in 2022, waning by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs at $0.1 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.3 per unit), while the average price for exports to Poland ($0.1 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 Spain (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for lighters; pocket, cigarette, gas fuelled, refillables stood at $0.2 per unit in 2022, stabilizing at the previous year. Overall, the import price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 312%. The import price peaked at $1.1 per unit in 2013; however, from 2014 to 2022, import prices stood 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 ($7.1 per unit), while the price for Malaysia ($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 Hong Kong SAR (+17.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Vietnam

In 2022, approx. 79M units of lighters; pocket, cigarette, gas fuelled, refillables were exported from Vietnam; with an increase of 30% compared with 2021. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at 81M units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, refillables surged to $11M in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The exports peaked at $11M in 2020; afterwards, it flattened through to 2022.

Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable from Vietnam in 2022:

1. Netherlands (27.1M units)
2. Austria (15.0M units)
3. Spain (5.5M units)
4. Czech Republic (4.5M units)
5. South Korea (4.1M units)
6. United Kingdom (3.2M units)
7. Argentina (3.2M units)
8. Slovenia (2.8M units)
9. Belgium (2.8M units)
10. United States (1.9M units)
11. Poland (1.6M units)
12. United Arab Emirates (1.3M units)
13. Hungary (0.6M units)

Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Vietnam

In 2022, the amount of lighters; pocket, cigarette, gas fuelled, refillables imported into Vietnam surged to 2.3M units, growing by 39% against the previous year's figure. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 203% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, refillables soared to $436K in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 138%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable to Vietnam in 2022:

1. China (1887.1K units)
2. Malaysia (288.5K units)
3. United States (67.8K units)

Source: IndexBox Market Intelligence Platform