ASEAN: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in ASEAN

In 2022, the ASEAN tobacco making machinery market increased by 30% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, saw a abrupt decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Tobacco Making Machinery Production in ASEAN

In value terms, tobacco making machinery production dropped modestly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2016 with an increase of 54%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports in ASEAN

Tobacco making machinery exports totaled X units in 2022, surging by 12% against the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 87%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco making machinery exports surged to $X in 2022. In general, exports saw a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of 169% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X units) and Singapore (X units) dominates exports structure, together generating 90% of total exports. It was distantly followed by Thailand (X units), committing a 4.5% share of total exports. The following exporters - Cambodia (X units) and Malaysia (X units) - each resulted at a 3.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +8.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, together accounting for 97% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +20.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, picking up by 47% against the previous year. Overall, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 47%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+21.4%), while the other leaders experienced mixed trends in the export price figures.

Tobacco Making Machinery Imports

Imports in ASEAN

Tobacco making machinery imports soared to X units in 2022, with an increase of 53% compared with 2021. In general, imports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2017 when imports increased by 227% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, tobacco making machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 207% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Myanmar (X units) and Singapore (X units) represented roughly 64% of total imports in 2022. Indonesia (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (10%) and Vietnam (9.2%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery importing markets in ASEAN were Singapore ($X), Indonesia ($X) and the Philippines ($X), together accounting for 87% of total imports.

Singapore, with a CAGR of +19.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, declining by -23.7% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when the import price increased by 50% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform