Price for Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria - 2023
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria (CIF) - 2022
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria (FOB) - 2023
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria (CIF) - 2022
In 2022, the average import price for tobacco; partly or wholly stemmed or stripped amounted to $3,583 per ton, increasing by 17% against the previous year. Overall, the import price, however, continues to indicate a perceptible decline. Over the period under review, average import prices reached the peak figure at $6,248 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($5,281 per ton), while the price for Pakistan ($1,646 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria (FOB) - 2023
In October 2023, the average export price for tobacco; partly or wholly stemmed or stripped amounted to $6,923 per ton, rising by 11% against the previous month. Overall, export price indicated perceptible growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for tobacco; partly or wholly stemmed or stripped increased by +17.8% against August 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 29% month-to-month. As a result, the export price attained the peak level of $7,383 per ton. From May 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In October 2023, the country with the highest price was Serbia ($8,626 per ton), while the average price for exports to Ukraine ($6,433 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria
In 2022, purchases abroad of tobacco; partly or wholly stemmed or stripped was finally on the rise to reach 11K tons after two years of decline. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tobacco; partly or wholly stemmed or stripped skyrocketed to $38M in 2022. Over the period under review, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 3.0 | 3.3 | 3.4 | 8.3 | 40.4% |
| Greece | 1.2 | 3.0 | 5.0 | 8.0 | 88.2% |
| India | 4.4 | 3.1 | 1.7 | 4.3 | -0.8% |
| China | 1.5 | 2.1 | 3.6 | 4.3 | 42.1% |
| Italy | 2.1 | 1.1 | 0.2 | 4.2 | 26.0% |
| Serbia | 1.5 | 1.3 | 0.7 | 1.9 | 8.2% |
| Zimbabwe | 1.5 | 2.0 | 1.0 | 1.8 | 6.3% |
| Croatia | 2.4 | 1.3 | 1.9 | 0.9 | -27.9% |
| Uganda | 0.1 | 0.7 | 0.5 | 0.7 | 91.3% |
| Malawi | 1.0 | 0.2 | 0.1 | 0.6 | -15.7% |
| Pakistan | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Others | 6.1 | 3.3 | 3.0 | 2.9 | -22.0% |
| Total | 24.9 | 21.5 | 21.1 | 38.3 | 15.4% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Bulgaria in 2022:
- Greece (2344.6 tons)
- India (1687.4 tons)
- Brazil (1577.0 tons)
- China (1537.7 tons)
- Italy (1011.6 tons)
- Serbia (446.0 tons)
- Zimbabwe (382.3 tons)
- Croatia (220.6 tons)
- Malawi (179.3 tons)
- Pakistan (173.0 tons)
- Uganda (172.9 tons)
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria
In 2022, the amount of tobacco; partly or wholly stemmed or stripped exported from Bulgaria soared to 8.2K tons, jumping by 44% on the previous year's figure. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +102.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of tobacco; partly or wholly stemmed or stripped skyrocketed to $33M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | 4.1 | 6.4 | 9.7 | 53.8% |
| Russia | 1.7 | 0.5 | 0.2 | 4.2 | 35.2% |
| Greece | 0.7 | 3.9 | 1.8 | 3.3 | 67.7% |
| Slovenia | 2.5 | 0.2 | 1.9 | 2.5 | 0.0% |
| Italy | 1.8 | 1.6 | 3.6 | 2.4 | 10.1% |
| Netherlands | 0.1 | 2.4 | 1.8 | 2.1 | 175.9% |
| Hungary | 1.4 | 1.8 | 1.8 | 1.8 | 8.7% |
| Spain | 1.4 | 2.9 | 1.4 | 1.4 | 0.0% |
| Latvia | 1.2 | 3.5 | 0.3 | 0.2 | -45.0% |
| Algeria | 2.8 | N/A | N/A | N/A | 0% |
| Others | 3.3 | 3.8 | 4.4 | 5.0 | 14.9% |
| Total | 16.8 | 24.7 | 23.6 | 32.6 | 24.7% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from Bulgaria in 2022:
- Ukraine (2865.9 tons)
- Russia (851.8 tons)
- Greece (714.8 tons)
- Slovenia (647.6 tons)
- Italy (557.1 tons)
- Hungary (515.3 tons)
- Netherlands (444.4 tons)
- Spain (297.1 tons)
- Latvia (59.0 tons)
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