Asia-Pacific: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Asia-Pacific

The Asia-Pacific tobacco making machinery market expanded sharply to $X in 2022, increasing by 6.4% against the previous year. In general, consumption, however, showed a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tobacco Making Machinery Production in Asia-Pacific

In value terms, tobacco making machinery production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a slight downturn. The growth pace was the most rapid in 2021 with an increase of 4.4% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tobacco Making Machinery Exports

Exports in Asia-Pacific

In 2022, approx. X units of machinery for the preparation or making up of tobacco were exported in Asia-Pacific; picking up by 14% against the year before. Total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% 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 +102.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, tobacco making machinery exports skyrocketed to $X in 2022. Overall, exports recorded a temperate increase. The growth pace was the most rapid in 2016 when exports increased by 87%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X units) was the largest exporter of machinery for the preparation or making up of tobacco, comprising 39% of total exports. Indonesia (X units) took a 21% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (18%) and India (7.6%). South Korea (X units), Taiwan (Chinese) (X units) and Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sri Lanka (with a CAGR of +75.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery supplying countries in Asia-Pacific were Indonesia ($X), Singapore ($X) and China ($X), together comprising 70% of total exports. India, South Korea, Sri Lanka and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 23%.

Sri Lanka, with a CAGR of +70.5%, recorded the highest growth rate of the value of exports, among 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

In 2022, the export price in Asia-Pacific amounted to $X per unit, with an increase of 22% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco making machinery export price decreased by -25.0% against 2019 indices. The growth pace was the most rapid in 2018 when the export price increased by 46% against the previous year. The level of export peaked 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 South Korea ($X per unit), while Taiwan (Chinese) ($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-Pacific

In 2022, supplies from abroad of machinery for the preparation or making up of tobacco increased by 46% to X units, rising for the third year in a row after two years of decline. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 137%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tobacco making machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 93%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X units) and Singapore (X units) were the main importers of machinery for the preparation or making up of tobacco in Asia-Pacific, together resulting at approx. 49% of total imports. It was distantly followed by Indonesia (X units), the Philippines (X units), China (X units) and Vietnam (X units), together committing a 34% share of total imports. Nepal (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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, China ($X) constitutes the largest market for imported machinery for the preparation or making up of tobacco in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total imports. It was followed by Indonesia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -8.3%. In the other countries, the average annual rates were as follows: Singapore (+19.7% per year) and Indonesia (-16.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, dropping by -8.6% against the previous year. Over the period under review, the import price saw a mild downturn. The growth pace was the most rapid in 2018 when the import price increased by 53%. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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