Bulgaria: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in Bulgaria

In 2022, the Bulgarian unmanufactured tobacco market increased by X% to $X, rising for the second year in a row after seven years of decline. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Unmanufactured Tobacco Production in Bulgaria

In value terms, unmanufactured tobacco production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average unmanufactured tobacco yield in Bulgaria shrank slightly to X tons per ha, which is down by X% on 2021. Overall, the yield indicated slight growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unmanufactured tobacco yield decreased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average unmanufactured tobacco yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of tobacco (unmanufactured) were harvested in Bulgaria; waning by X% compared with 2021. Over the period under review, the harvested area recorded a abrupt decline. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the unmanufactured tobacco harvested area failed to regain momentum.

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Unmanufactured Tobacco Exports

Exports from Bulgaria

In 2022, overseas shipments of tobacco (unmanufactured) increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, unmanufactured tobacco exports fell to $X in 2022. Over the period under review, exports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ukraine (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of unmanufactured tobacco exports from Bulgaria, together comprising X% of total exports. Russia, Greece, the United States, Poland, North Macedonia, Egypt, Hungary, Romania, Slovenia and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Ukraine ($X) and the United States ($X) appeared to be the largest markets for unmanufactured tobacco exported from Bulgaria worldwide, together comprising X% of total exports. Greece, Germany, Poland, Russia, North Macedonia, Romania, Egypt, Croatia, Hungary and Slovenia lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average unmanufactured tobacco export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unmanufactured Tobacco Imports

Imports into Bulgaria

In 2022, overseas purchases of tobacco (unmanufactured) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a mild descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, unmanufactured tobacco imports rose rapidly to $X in 2022. Overall, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Greece (X tons) constituted the largest unmanufactured tobacco supplier to Bulgaria, accounting for a X% share of total imports. Moreover, unmanufactured tobacco imports from Greece exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), twofold. The third position in this ranking was taken by North Macedonia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Greece stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (X% per year) and North Macedonia (X% per year).

In value terms, the largest unmanufactured tobacco suppliers to Bulgaria were Greece ($X), North Macedonia ($X) and Lebanon ($X), together accounting for X% of total imports. Brazil, India, China, Italy, Serbia and Pakistan lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unmanufactured tobacco import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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