Price for Tobacco, (Not Stemmed or Stripped) in Bulgaria - 2023
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in Bulgaria (FOB) - 2023
- Price for Tobacco, (Not Stemmed or Stripped) in Bulgaria (CIF) - 2023
- Exports of Tobacco, (Not Stemmed or Stripped) in Bulgaria
- Imports of Tobacco, (Not Stemmed or Stripped) in Bulgaria
Price for Tobacco, (Not Stemmed or Stripped) in Bulgaria (FOB) - 2023
In June 2023, the average export price for tobacco, (not stemmed or stripped)s amounted to $6,606 per ton, remaining constant against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in December 2022 an increase of 30% against the previous month. The export price peaked at $7,003 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Indonesia ($9,466 per ton), while the average price for exports to Germany ($4,798 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tobacco, (Not Stemmed or Stripped) in Bulgaria (CIF) - 2023
In June 2023, the average import price for tobacco, (not stemmed or stripped)s amounted to $5,847 per ton, increasing by 7.7% against the previous month. In general, import price indicated a pronounced increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, tobacco, (not stemmed or stripped) import price increased by +31.8% against April 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 33% against the previous month. Over the period under review, average import prices attained the peak figure at $5,892 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was North Macedonia ($7,248 per ton), while the price for Pakistan ($1,732 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Greece (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tobacco, (Not Stemmed or Stripped) in Bulgaria
Tobacco, (not stemmed or stripped) exports from Bulgaria contracted dramatically to 14K tons in 2022, dropping by -19% compared with 2021 figures. Overall, exports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 3.4%.
In value terms, tobacco, (not stemmed or stripped) exports dropped significantly to $80M in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 7.7%.
| Export of Tobacco, (Not Stemmed or Stripped) in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 16.0 | 18.2 | 18.2 | 15.5 | -1.1% |
| United States | 20.4 | 16.2 | 16.5 | 8.9 | -24.2% |
| Germany | 9.8 | 9.7 | 7.5 | 7.3 | -9.4% |
| Poland | 2.4 | 3.5 | 2.6 | 6.2 | 37.2% |
| North Macedonia | 9.8 | 6.5 | 7.5 | 5.4 | -18.0% |
| Greece | 10.3 | 3.5 | 9.0 | 5.0 | -21.4% |
| Romania | 8.0 | 7.4 | 7.6 | 4.8 | -15.7% |
| Egypt | 1.4 | N/A | N/A | 3.7 | 38.3% |
| Croatia | 4.3 | 4.6 | 5.2 | 3.4 | -7.5% |
| Georgia | N/A | N/A | N/A | 2.6 | 0% |
| Pakistan | 1.6 | 1.8 | 1.5 | 2.3 | 12.9% |
| South Korea | 2.4 | 2.5 | 2.5 | 2.0 | -5.9% |
| Hungary | 3.4 | 3.0 | 1.5 | 1.4 | -25.6% |
| Others | 30.2 | 22.7 | 27.9 | 11.2 | -28.2% |
| Total | 120 | 99.7 | 107 | 79.7 | -12.8% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Bulgaria in 2022:
- Belgium (2.2K tons)
- Germany (1.9K tons)
- Poland (1.2K tons)
- United States (1.1K tons)
- Egypt (1.0K tons)
- Greece (1.0K tons)
- North Macedonia (1.0K tons)
- Romania (0.7K tons)
- Croatia (0.6K tons)
- Georgia (0.5K tons)
- Pakistan (0.4K tons)
- Hungary (0.3K tons)
- South Korea (0.3K tons)
Imports of Tobacco, (Not Stemmed or Stripped) in Bulgaria
Tobacco, (not stemmed or stripped) imports into Bulgaria dropped sharply to 13K tons in 2022, which is down by -20.7% on 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of 16K tons, and then contracted markedly in the following year.
In value terms, tobacco, (not stemmed or stripped) imports dropped remarkably to $52M in 2022. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 50%. As a result, imports attained the peak of $65M, and then contracted markedly in the following year.
| Import of Tobacco, (Not Stemmed or Stripped) in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 26.0 | 23.1 | 28.0 | 19.0 | -9.9% |
| North Macedonia | 24.4 | 9.9 | 17.2 | 15.2 | -14.6% |
| Lebanon | 8.1 | 7.6 | 14.6 | 9.0 | 3.6% |
| Netherlands | N/A | N/A | N/A | 3.2 | 0% |
| Pakistan | 0.2 | 1.1 | 2.1 | 2.8 | 141.0% |
| Serbia | 1.5 | 1.1 | 2.4 | 1.7 | 4.3% |
| Turkey | 0.9 | 0.3 | 0.2 | 0.4 | -23.7% |
| Others | 1.6 | 0.6 | 0.9 | 1.0 | -14.5% |
| Total | 62.8 | 43.6 | 65.3 | 52.3 | -5.9% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Bulgaria in 2022:
- Greece (3.9K tons)
- Lebanon (2.9K tons)
- North Macedonia (2.8K tons)
- Pakistan (1.3K tons)
- Serbia (0.7K tons)
- Netherlands (0.5K tons)
- Turkey (0.2K tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in Bulgaria.
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This report provides an in-depth analysis of the unmanufactured tobacco market in Bulgaria.
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