Australia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Australia

In 2022, the Australian tobacco making machinery market decreased by -26.5% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a noticeable expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Tobacco Making Machinery Exports

Exports from Australia

Tobacco making machinery exports from Australia fell remarkably to X units in 2022, waning by -25% compared with the year before. Overall, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 572%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports contracted dramatically to $X in 2022. In general, exports showed a sharp reduction. The pace of growth was the most pronounced in 2018 when exports increased by 781%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X units) was the main destination for tobacco making machinery exports from Australia, with a 74% share of total exports. Moreover, tobacco making machinery exports to Papua New Guinea exceeded the volume sent to the second major destination, Malaysia (X units), tenfold. China (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to Papua New Guinea totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-38.9% per year) and China (-40.0% per year).

In value terms, Pakistan ($X), Malaysia ($X) and China ($X) were the largest markets for tobacco making machinery exported from Australia worldwide, together comprising 95% of total exports.

Among the main countries of destination, Malaysia, with a CAGR of -18.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average tobacco making machinery export price stood at $X per unit in 2022, growing by 1.9% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 increased by +4.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 54% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Papua New Guinea ($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 Pakistan (+48.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into Australia

In 2022, the amount of machinery for the preparation or making up of tobacco imported into Australia plummeted to X units, which is down by -26.1% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 204%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, tobacco making machinery imports declined significantly to $X in 2022. Overall, imports, however, posted mild growth. The growth pace was the most rapid in 2013 with an increase of 128%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest tobacco making machinery supplier to Australia, with a 22% share of total imports. Moreover, tobacco making machinery imports from China exceeded the figures recorded by the second-largest supplier, Cyprus (X units), twofold. The third position in this ranking was held by South Korea (X units), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+43.2% per year) and South Korea (+28.3% per year).

In value terms, China ($X), Singapore ($X) and Malaysia ($X) constituted the largest tobacco making machinery suppliers to Australia, with a combined 46% share of total imports. France, South Korea, Indonesia, the United States, Germany, the Netherlands, Taiwan (Chinese), Cyprus, the UK and Spain lagged somewhat behind, together comprising a further 37%.

The Netherlands, with a CAGR of +47.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tobacco making machinery import price stood at $X per unit in 2022, reducing by -1.8% against the previous year. Overall, the import price, however, posted a mild expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 193% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Cyprus ($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 UK (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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