Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Hungary - 2023
Contents:
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary (FOB) - 2023
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary (CIF) - 2022
- Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary
- Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary (FOB) - 2023
In November 2023, the average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $49,495 per ton, with an increase of 3.5% against the previous month. Overall, export price indicated a slight expansion from November 2022 to November 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -36.4% against August 2023 indices. The pace of growth was the most pronounced in July 2023 an increase of 51% against the previous month. The export price peaked at $77,811 per ton in August 2023; however, from September 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Japan ($97,533 per ton), while the average price for exports to Denmark ($44,874 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary (CIF) - 2022
The average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $15,048 per ton in 2022, which is down by -58.8% against the previous year. Overall, the import price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of 315% against the previous year. The import price peaked at $49,907 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($45,143 per ton), while the price for Serbia ($2,107 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+45.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary
In 2022, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s from Hungary contracted significantly to 462 tons, waning by -25.1% on 2021 figures. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 294%.
In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s rose remarkably to $19M in 2022. Over the period under review, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 143%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 0.4 | 0.2 | 10.3 | 17.1 | 249.7% |
| Czech Republic | 0.3 | 0.1 | N/A | 1.4 | 67.1% |
| Japan | N/A | N/A | 0.3 | 0.5 | 66.7% |
| Denmark | 5.9 | N/A | N/A | 0.3 | -63.0% |
| Switzerland | 4.1 | 4.2 | 0.6 | N/A | -61.7% |
| Germany | 2.1 | 1.5 | 6.6 | N/A | 77.3% |
| Others | 0.3 | 1.4 | 0.4 | N/A | 15.5% |
| Total | 13.0 | 7.5 | 18.2 | 19.2 | 13.9% |
Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Hungary in 2022:
- Norway (443.4 tons)
- Czech Republic (8.6 tons)
- Japan (7.4 tons)
- Denmark (2.1 tons)
Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary
In 2022, after three years of growth, there was significant decline in supplies from abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, when their volume decreased by -95.1% to 150 tons. Over the period under review, imports recorded a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 153%. As a result, imports reached the peak of 3.1K tons, and then shrank dramatically in the following year.
In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s fell notably to $2.3M in 2022. In general, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2020 when imports increased by 444%.
| Import of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.2 | 1.4 | 1.5 | 173.9% |
| Germany | 0.6 | 0.6 | 1.7 | 0.5 | -5.9% |
| Poland | N/A | 0.3 | 0.1 | 0.1 | -42.3% |
| Belgium | N/A | N/A | 3.3 | N/A | 0% |
| United States | 2.3 | N/A | N/A | N/A | 0% |
| Serbia | N/A | N/A | N/A | N/A | 0% |
| Romania | 7.8 | 57.8 | 74.4 | N/A | 208.8% |
| Others | 0.3 | 1.4 | 31.0 | N/A | 916.5% |
| Total | 11.1 | 60.3 | 112 | 2.3 | -40.8% |
Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Hungary in 2022:
- Germany (90.7 tons)
- China (34.1 tons)
- Poland (13.7 tons)
- Serbia (9.7 tons)
- Belgium (0.7 tons)
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