Price for Tobacco, Unmanufactured; Tobacco Refuse in Hungary - 2023

Contents:

  1. Price for Tobacco, Unmanufactured; Tobacco Refuse in Hungary (CIF) - 2022
  2. Price for Tobacco, Unmanufactured; Tobacco Refuse in Hungary (FOB) - 2022
  3. Imports of Tobacco, Unmanufactured; Tobacco Refuse in Hungary
  4. Exports of Tobacco, Unmanufactured; Tobacco Refuse in Hungary

Price for Tobacco, Unmanufactured; Tobacco Refuse in Hungary (CIF) - 2022

The average tobacco, unmanufactured; tobacco refuse import price stood at $7,002 per ton in 2022, picking up by 4.5% against the previous year. Overall, the import price recorded a perceptible increase. The growth pace was the most rapid in 2016 when the average import price increased by 71%. The import price peaked at $15,039 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($64,641 per ton), while the price for Italy ($1,523 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in Hungary (FOB) - 2022

In 2022, the average tobacco, unmanufactured; tobacco refuse export price amounted to $4,617 per ton, standing approx. at the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco, unmanufactured; tobacco refuse export price decreased by -2.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 54%. As a result, the export price attained the peak level of $4,712 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,612 per ton), while the average price for exports to Croatia totaled $4,598 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Hungary

In 2022, supplies from abroad of tobacco, unmanufactured; tobacco refuses decreased by -25.7% to 8.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 9.5% against the previous year. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tobacco, unmanufactured; tobacco refuse imports reduced notably to $58M in 2022. Overall, imports continue to indicate a drastic downturn. The smallest decline of -10.2% was in 2020.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sri Lanka29.926.629.228.8-1.2%
Croatia3.93.31.57.122.1%
Bulgaria2.12.82.23.922.9%
Luxembourg1.22.96.12.324.2%
China1.01.32.12.230.1%
Greece0.50.81.11.853.3%
Italy0.21.91.11.6100.0%
NetherlandsN/AN/A0.21.3550.0%
Poland2.51.51.61.3-19.6%
Zimbabwe2.85.24.31.3-22.6%
Brazil13.912.77.31.1-57.1%
Bangladesh0.91.01.00.90.0%
India4.23.92.50.5-50.8%
Others30.420.114.23.7-50.4%
Total93.684.074.457.7-14.9%

Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to Hungary in 2022:

  1. Croatia (1092.7 tons)
  2. Italy (1064.2 tons)
  3. Bulgaria (1063.0 tons)
  4. Greece (1043.3 tons)
  5. China (633.1 tons)
  6. Luxembourg (473.6 tons)
  7. Sri Lanka (444.9 tons)
  8. Poland (307.3 tons)
  9. Brazil (282.9 tons)
  10. Zimbabwe (273.9 tons)
  11. Netherlands (220.5 tons)
  12. Bangladesh (215.7 tons)
  13. India (184.6 tons)

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Hungary

In 2022, approx. 142 tons of tobacco, unmanufactured; tobacco refuses were exported from Hungary; with a decrease of -47.5% against 2021. Over the period under review, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 2,180% against the previous year.

In value terms, tobacco, unmanufactured; tobacco refuse exports dropped rapidly to $658K in 2022. Overall, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 2,146%.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
CroatiaN/AN/AN/A0.60%
GermanyN/AN/AN/A0.10%
NicaraguaN/AN/A0.2N/A0%
Slovakia0.7N/AN/AN/A0%
United Kingdom0.1N/AN/AN/A0%
Poland0.4N/A0.9N/A50.0%
Italy19.0N/AN/AN/A0%
Others1.3N/A0.1N/A-72.3%
Total21.40.11.30.7-68.0%

Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from Hungary in 2022:

  1. Croatia (125.8 tons)
  2. Germany (16.6 tons)

Source: IndexBox Market Intelligence Platform

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