Price for Tobacco, (Not Stemmed or Stripped) in Hungary - 2023

Price for Tobacco, (Not Stemmed or Stripped) in Hungary (CIF) - 2023

In June 2023, the average import price for tobacco, (not stemmed or stripped)s amounted to $13,813 per ton, reducing by -34% against the previous month. Over the period under review, the import price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in March 2023 an increase of 293% m-o-m. As a result, import price reached the peak level of $55,285 per ton. From April 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sri Lanka ($74,132 per ton), while the price for Turkey ($4,933 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 Bulgaria (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, (Not Stemmed or Stripped) in Hungary (FOB) - 2022

In 2022, the average export price for tobacco, (not stemmed or stripped)s amounted to $2,546 per ton, leveling off at the previous year. In general, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 3.1%. Over the period under review, the average export prices reached the maximum at $8,485 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($2,673 per ton), while the average price for exports to Italy stood at $2,531 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.8%).

Imports of Tobacco, (Not Stemmed or Stripped) in Hungary

In 2022, overseas purchases of tobacco, (not stemmed or stripped)s decreased by -32.3% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a mild shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 24%.

In value terms, tobacco, (not stemmed or stripped) imports declined rapidly to $10M in 2022. In general, imports showed a precipitous contraction. The smallest decline of -6.8% was in 2021.

Import of Tobacco, (Not Stemmed or Stripped) in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sri Lanka	13.5	8.0	6.8	5.1	-27.7%
Bulgaria	N/A	0.9	0.8	1.6	33.3%
Luxembourg	0.3	0.9	2.5	1.0	49.4%
Croatia	N/A	N/A	0.1	0.8	700.0%
Greece	N/A	N/A	0.8	0.6	-25.0%
North Macedonia	0.8	1.0	0.6	0.5	-14.5%
Kyrgyzstan	N/A	N/A	N/A	0.1	0%
United Kingdom	2.9	1.8	N/A	N/A	-37.9%
Indonesia	0.1	N/A	N/A	N/A	0%
Italy	N/A	0.5	0.3	N/A	-40.0%
Turkey	2.0	2.5	1.6	N/A	-10.6%
Others	0.1	0.3	1.4	0.2	26.0%
Total	19.7	16.0	14.9	10.1	-20.0%

Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Hungary in 2022:

Bulgaria (371.8 tons)
Luxembourg (226.9 tons)
Greece (131.2 tons)
Croatia (118.7 tons)
North Macedonia (92.5 tons)
Sri Lanka (78.1 tons)
Kyrgyzstan (36.6 tons)
Indonesia (6.6 tons)
Turkey (1.1 tons)

Exports of Tobacco, (Not Stemmed or Stripped) in Hungary

In 2022, shipments abroad of tobacco, (not stemmed or stripped)s decreased by 0% to 4.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a notable expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, tobacco, (not stemmed or stripped) exports totaled $11M in 2022. In general, exports enjoyed buoyant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the immediate term.