According to recent data released by the Hungarian Central Statistical Office (Központi Statisztikai Hivatal), Hungary's total expenditure on tobacco products reached 311 billion forints (approximately 6.2 billion yuan) showing an increase of 11.3% compared to a year ago. However, when taking into account the inflation rate of tobacco products during this period which stood at 15.2%, the actual consumption volume decreased by 3.9%.
Despite the Hungarian National Tax and Customs Administration detecting roughly the same number of tobacco smuggling activities every quarter, the quantities carried by the criminals apprehended have been declining. Therefore, it can be inferred that the average quantity transported is decreasing. However, it remains unknown how much the successful smuggling quantity has increased with the development of technologies such as unmanned aerial vehicle transportation. According to KPMG's research in 2022, although tobacco consumption is decreasing, the illegal market has grown by 3 percentage points.
If this trend continues, legal transactions could further decrease, as predicted by the data from the National Tax and Customs Administration (NAV) of the free market. These data reveal a decrease in the sales of cigarettes, cigars, and fine tobacco.
Approximately 6 billion cigarettes are sold through legal channels each year, resulting in the payment of tobacco taxes and contributing to national tobacco stores. This figure was double what it was over a decade ago. Simultaneously, the sales volume of e-cigarettes is gradually increasing, despite rampant activity in the black and grey markets. Similarly, heat-not-burn tobacco products are also gaining popularity, although there is currently a lack of long-term sales data for these goods.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
