Argentina: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Argentina

The Argentinian tobacco making machinery market reduced dramatically to $X in 2022, falling by -74.7% against the previous year. In general, consumption faced a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Production in Argentina

In value terms, tobacco making machinery production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic downturn. Tobacco making machinery production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Tobacco Making Machinery Exports

Exports from Argentina

In 2022, shipments abroad of machinery for the preparation or making up of tobacco decreased by -13.7% to X units, falling for the second consecutive year after four years of growth. In general, exports, however, continue to indicate a moderate increase. The pace of growth was the most pronounced in 2015 when exports increased by 533%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, tobacco making machinery exports expanded remarkably to $X in 2022. Overall, exports, however, posted measured growth. The growth pace was the most rapid in 2015 when exports increased by 1,042% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X units), the Netherlands (X units) and Paraguay (X units) were the main destinations of tobacco making machinery exports from Argentina, together comprising 76% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +18.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for tobacco making machinery exported from Argentina were Chile ($X), the Netherlands ($X) and Paraguay ($X), with a combined 72% share of total exports.

Among the main countries of destination, Chile, with a CAGR of +26.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, picking up by 25% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 214% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat 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 the Netherlands ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+6.2%), while the prices for the other major destinations experienced a decline.

Tobacco Making Machinery Imports

Imports into Argentina

In 2022, approx. X units of machinery for the preparation or making up of tobacco were imported into Argentina; with a decrease of -61.4% against 2021 figures. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 1,519%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports contracted significantly to $X in 2022. In general, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 692%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest tobacco making machinery supplier to Argentina, with a 86% share of total imports. Moreover, tobacco making machinery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.8% per year) and Germany (-22.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Argentina, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Bulgaria, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.9% per year) and Bulgaria (-9.6% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, falling by -71% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 114%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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