Price for Tobacco; "Homogenised" or "Reconstituted" in Hungary - 2023

Contents:

1. Price for Tobacco; "Homogenised" or "Reconstituted" in Hungary (CIF) - 2022
2. Price for Tobacco; "Homogenised" or "Reconstituted" in Hungary (FOB) - 2022
3. Imports of Tobacco; "Homogenised" or "Reconstituted" in Hungary
4. Exports of Tobacco; "Homogenised" or "Reconstituted" in Hungary

Price for Tobacco; "Homogenised" or "Reconstituted" in Hungary (CIF) - 2022

In 2022, the average tobacco; "homogenised" or "reconstituted" import price amounted to $8,823 per ton, dropping by -2.3% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco; "homogenised" or "reconstituted" import price increased by +82.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 38%. Over the period under review, average import prices reached the maximum at $11,756 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Germany ($15,281 per ton), while the price for Serbia ($1,891 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco; "Homogenised" or "Reconstituted" in Hungary (FOB) - 2022

In 2022, the average tobacco; "homogenised" or "reconstituted" export price amounted to $2,801 per ton, with a decrease of -19.4% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 an increase of 165%. Over the period under review, the average export prices hit record highs at $18,712 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2013 to 2022, the rate of growth in terms of prices for Indonesia amounted to +72.6% per year.

Imports of Tobacco; "Homogenised" or "Reconstituted" in Hungary

In 2022, purchases abroad of tobacco; "homogenised" or "reconstituted"s was finally on the rise to reach 294 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a deep contraction.

In value terms, tobacco; "homogenised" or "reconstituted" imports rose sharply to $2.6M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 5.6%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to Hungary in 2022:

1. United States (115.1 tons)
2. Serbia (67.8 tons)
3. Netherlands (64.0 tons)
4. Switzerland (27.2 tons)
5. Germany (19.8 tons)

Exports of Tobacco; "Homogenised" or "Reconstituted" in Hungary

In 2022, after two years of decline, there was significant decline in overseas shipments of tobacco; "homogenised" or "reconstituted"s, when their volume decreased by -38% to 17 tons. Overall, exports, however, continue to indicate a prominent increase.

In value terms, tobacco; "homogenised" or "reconstituted" exports dropped sharply to $47K in 2022. Over the period under review, exports showed a precipitous decline.

Top Export Markets for Tobacco; "Homogenised" or "Reconstituted" from Hungary in 2022:

1. Netherlands (16.9 tons)

Source: IndexBox Market Intelligence Platform