Price for Tobacco; "Homogenised" or "Reconstituted" in Bulgaria - 2023

Price for Tobacco; "Homogenised" or "Reconstituted" in Bulgaria (CIF) - 2022

The average tobacco; "homogenised" or "reconstituted" import price stood at $1,512 per ton in 2022, declining by -6% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 74%. As a result, import price attained the peak level of $5,184 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($2,590 per ton), while the price for Serbia ($1,149 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-1.9%), while the prices for the other major suppliers experienced a decline.

Price for Tobacco; "Homogenised" or "Reconstituted" in Bulgaria (FOB) - 2022

The average tobacco; "homogenised" or "reconstituted" export price stood at $2,815 per ton in 2021, shrinking by -33.9% against the previous year. Over the period under review, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 112% against the previous year. Over the period under review, the average export prices hit record highs at $10,252 per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Latvia.

From 2012 to 2021, the rate of growth in terms of prices for Belarus amounted to +48.5% per year.

Imports of Tobacco; "Homogenised" or "Reconstituted" in Bulgaria

In 2022, the amount of tobacco; "homogenised" or "reconstituted"s imported into Bulgaria soared to 558 tons, picking up by 584% on 2021 figures. Over the period under review, imports saw significant growth.

In value terms, tobacco; "homogenised" or "reconstituted" imports soared to $844K in 2022. In general, imports, however, continue to indicate a abrupt decrease.

Import of Tobacco; "Homogenised" or "Reconstituted" in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	N/A	369	N/A	661	33.8%
Greece	N/A	382	22.7	101	-48.6%
Serbia	271	243	105	46.2	-44.6%
Croatia	564	113	N/A	N/A	-80.0%
France	N/A	415	N/A	N/A	0%
Italy	748	72.3	N/A	N/A	-90.3%
Romania	N/A	621	N/A	N/A	0%
Others	N/A	N/A	4.1	36.2	782.9%
Total	1,584	2,215	131	844	-18.9%

Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to Bulgaria in 2022:

South Korea (477.1 tons)
Serbia (40.2 tons)
Greece (39.0 tons)

Exports of Tobacco; "Homogenised" or "Reconstituted" in Bulgaria

In 2021, after two years of growth, there was significant decline in shipments abroad of tobacco; "homogenised" or "reconstituted"s, when their volume decreased by -94.9% to 6.6 tons. In general, exports showed a dramatic decrease. The growth pace was the most rapid in 2020 when exports increased by 337% against the previous year. As a result, the exports attained the peak of 128 tons, and then declined remarkably in the following year.

In value terms, tobacco; "homogenised" or "reconstituted" exports declined dramatically to $19K in 2021. Over the period under review, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. As a result, the exports attained the peak of $547K, and then fell remarkably in the following year.