Bangladesh: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Bangladesh

The Bangladeshi tobacco making machinery market soared to $X in 2022, increasing by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a tangible increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Bangladesh

In 2022, after three years of growth, there was significant decline in overseas shipments of machinery for the preparation or making up of tobacco, when their volume decreased by -38.5% to X units. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 328% against the previous year. 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 fell significantly to $X in 2022. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 214%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X units) was the main destination for tobacco making machinery exports from Bangladesh, with a 95% share of total exports. Moreover, tobacco making machinery exports to the Philippines exceeded the volume sent to the second major destination, Pakistan (X units), more than tenfold. Singapore (X units) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-11.5% per year) and Singapore (-44.6% per year).

In value terms, the Philippines ($X) remains the key foreign market for machinery for the preparation or making up of tobacco exports from Bangladesh, comprising 94% of total exports. The second position in the ranking was held by Pakistan ($X), with a 3.2% share of total exports. It was followed by Singapore, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines totaled -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-15.4% per year) and Singapore (-39.8% per year).

Export Prices by Country

The average tobacco making machinery export price stood at $X per unit in 2022, surging by 7% against the previous year. In general, the export price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2017 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Singapore ($X per unit), while the average price for exports to India ($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 Singapore (+8.3%), while the prices for the other major destinations experienced a decline.

Tobacco Making Machinery Imports

Imports into Bangladesh

In 2022, the amount of machinery for the preparation or making up of tobacco imported into Bangladesh soared to X units, picking up by 21% on 2021 figures. Overall, imports saw slight growth. The most prominent rate of growth was recorded in 2013 with an increase of 168% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports skyrocketed to $X in 2022. In general, imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2017 when imports increased by 165% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), Thailand (X units) and the UK (X units) were the main suppliers of tobacco making machinery imports to Bangladesh, with a combined 43% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +32.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery suppliers to Bangladesh were Italy ($X), Malaysia ($X) and the United States ($X), with a combined 38% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +37.5%, recorded the highest rates of growth with regard to the value of imports, 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, with a decrease of -2.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 96%. The import price peaked at $X per unit in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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