Key Market Indicators
Tobacco production in Hungary is set to decrease by 4.6% year on year CAGR, falling from 5,700 Metric Tons in 2021 to 4,340 Metric Tons by 2026. This will be a continuation of the downward trend since 1966, when production was 6.6% lower than the current figures. In 2021, Nicaragua overtook Hungary to take 50th position in the ranking. India, Brazil and Zimbabwe respectively took the 2nd, 3rd and 4th positions. Sales of tobacco in Hungary are forecast to fall by 2.7% year on year CAGR, dropping from $45.53 Million in 2021 to $38.66 Million by 2026. Since 1995, Hungarian market has fallen by 1.4% year on year. In 2021, Palestine overtook Hungary to take 40th position in the ranking. Indonesia, the Philippines and Poland respectively took the 2nd, 3rd and 4th positions. Since 2014, the demand for tobacco in Hungary has decreased by 0.7 points year on year. In 2019, Greece came ahead of Hungary with 24.9% of persons aged 15+ who are daily smokers. Russia, Greece and Hungary respectively took the 2nd, 3rd and 4th positions.
