Hungary: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Hungary

In 2022, the Hungarian cigarettes containing tobacco market increased by 23% to $X, rising for the third year in a row after seven years of decline. Over the period under review, consumption, however, recorded a mild reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cigarettes Containing Tobacco Production in Hungary

In value terms, cigarettes containing tobacco production totaled $X in 2022 estimated in export price. Overall, production, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 9.3% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cigarettes Containing Tobacco Exports

Exports from Hungary

In 2022, overseas shipments of cigarettes containing tobacco decreased by -95.3% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 106% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco exports contracted sharply to $X in 2022. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 83%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Singapore (X tons) were the main destinations of cigarettes containing tobacco exports from Hungary, together comprising 64% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +117.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cigarettes containing tobacco exported from Hungary were Germany ($X), the Czech Republic ($X) and Singapore ($X), with a combined 69% share of total exports.

Singapore, with a CAGR of +139.1%, recorded the highest rates of growth with regard to the value of exports, among 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 cigarettes containing tobacco export price amounted to $X per ton, falling by -19.3% against the previous year. In general, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Singapore ($X per ton), while the average price for exports to Slovakia ($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 Singapore (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Cigarettes Containing Tobacco Imports

Imports into Hungary

In 2022, the amount of cigarettes containing tobacco imported into Hungary soared to X tons, picking up by 25% against the previous year. Over the period under review, imports, however, continue to indicate a pronounced contraction. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco imports reduced modestly to $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +60.6% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 16%. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of cigarettes containing tobacco to Hungary, with a 59% share of total imports. Moreover, cigarettes containing tobacco imports from Poland exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+22.2% per year) and Germany (+5.0% per year).

In value terms, Poland ($X) constituted the largest supplier of cigarettes containing tobacco to Hungary, comprising 62% of total imports. The second position in the ranking was held by Romania ($X), with a 28% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+27.5% per year) and Germany (+4.3% per year).

Import Prices by Country

The average cigarettes containing tobacco import price stood at $X per ton in 2022, shrinking by -20.5% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cigarettes containing tobacco import price increased by +33.3% against 2014 indices. The pace of growth appeared the most rapid in 2021 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined significantly in the following year.

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 the Czech Republic ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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