Asia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Asia

The Asian tobacco making machinery market expanded remarkably to $X in 2022, with an increase of 14% against the previous year. Overall, consumption, however, continues to indicate a noticeable decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tobacco Making Machinery Production in Asia

In value terms, tobacco making machinery production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 4.7%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Tobacco Making Machinery Exports

Exports in Asia

In 2022, approx. X units of machinery for the preparation or making up of tobacco were exported in Asia; with a decrease of -20.4% on 2021 figures. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, tobacco making machinery exports soared to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.5% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 81%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) represented the major exporter of machinery for the preparation or making up of tobacco, creating 34% of total exports. Indonesia (X units) took the second position in the ranking, followed by Singapore (X units), India (X units) and the United Arab Emirates (X units). All these countries together held approx. 48% share of total exports. The following exporters - South Korea (X units) and Turkey (X units) - together made up 7% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +20.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery supplying countries in Asia were Indonesia ($X), Singapore ($X) and China ($X), with a combined 66% share of total exports. India, South Korea, the United Arab Emirates and Turkey lagged somewhat behind, together comprising a further 23%.

Turkey, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, picking up by 56% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the United Arab Emirates ($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 more modest paces of growth.

Tobacco Making Machinery Imports

Imports in Asia

In 2022, purchases abroad of machinery for the preparation or making up of tobacco increased by 27% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2017 when imports increased by 89% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tobacco making machinery imports rose markedly to $X in 2022. In general, imports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Myanmar (X units) and Singapore (X units) were the largest importers of machinery for the preparation or making up of tobacco in Asia, together finishing at approx. 36% of total imports. It was distantly followed by the United Arab Emirates (X units), Indonesia (X units), Uzbekistan (X units), the Philippines (X units), China (X units) and Vietnam (X units), together making up a 42% share of total imports. The following importers - Nepal (X units), South Korea (X units), India (X units), Turkey (X units) and Kyrgyzstan (X units) - together made up 11% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +535.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 53% of total imports. Indonesia, South Korea, Uzbekistan, the Philippines, Turkey, Vietnam, Kyrgyzstan, India, Myanmar and Nepal lagged somewhat behind, together accounting for a further 28%.

Uzbekistan, with a CAGR of +521.8%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Asia amounted to $X per unit, reducing by -12.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 37%. The level of import peaked at $X per unit in 2020; however, from 2021 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 China ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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