Bulgaria: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Bulgaria

In 2022, after four years of growth, there was decline in the Bulgarian cigarettes containing tobacco market, when its value decreased by -4.1% to $X. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +81.8% against 2017 indices. Cigarettes containing tobacco consumption peaked at $X in 2021, and then declined in the following year.

Cigarettes Containing Tobacco Production in Bulgaria

In value terms, cigarettes containing tobacco production dropped slightly to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 8% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Cigarettes Containing Tobacco Exports

Exports from Bulgaria

In 2022, overseas shipments of cigarettes containing tobacco increased by 30% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports, however, showed a drastic downturn. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cigarettes containing tobacco exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt downturn. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Libya (X tons) was the main destination for cigarettes containing tobacco exports from Bulgaria, with a 26% share of total exports. Moreover, cigarettes containing tobacco exports to Libya exceeded the volume sent to the second major destination, Serbia (X tons), twofold. The third position in this ranking was taken by the Czech Republic (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Libya totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+17.8% per year) and the Czech Republic (+31.9% per year).

In value terms, Libya ($X) remains the key foreign market for cigarettes containing tobacco exports from Bulgaria, comprising 23% of total exports. The second position in the ranking was taken by Serbia ($X), with an 8.1% share of total exports. It was followed by the Czech Republic, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Libya stood at +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+12.9% per year) and the Czech Republic (+32.4% per year).

Export Prices by Country

In 2022, the average cigarettes containing tobacco export price amounted to $X per ton, declining by -8.1% against the previous year. In general, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2020 an increase of 11% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Albania ($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 Romania (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cigarettes Containing Tobacco Imports

Imports into Bulgaria

In 2022, supplies from abroad of cigarettes containing tobacco increased by 18% to X tons, rising for the fourth consecutive year after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 75%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cigarettes containing tobacco imports reached $X in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 24%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Greece (X tons) constituted the largest cigarettes containing tobacco supplier to Bulgaria, with a 39% share of total imports. Moreover, cigarettes containing tobacco imports from Greece exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Greece amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+43.1% per year) and Germany (+6.0% per year).

In value terms, Greece ($X), Belgium ($X) and Lithuania ($X) constituted the largest cigarettes containing tobacco suppliers to Bulgaria, together comprising 60% of total imports.

Belgium, with a CAGR of +51.3%, recorded the highest growth rate of 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

In 2022, the average cigarettes containing tobacco import price amounted to $X per ton, which is down by -7.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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