Benelux: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Benelux

The Benelux tobacco making machinery market contracted to $X in 2022, declining by -9.5% against the previous year. Overall, consumption enjoyed a significant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Tobacco Making Machinery Production in Benelux

In value terms, tobacco making machinery production dropped modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Tobacco Making Machinery Exports

Exports in Benelux

In 2022, shipments abroad of machinery for the preparation or making up of tobacco decreased by -48.1% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco making machinery exports dropped significantly to $X in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the main exporting country with an export of around X units, which recorded 67% of total exports. It was distantly followed by Belgium (X units), committing a 33% share of total exports.

The Netherlands was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco exports, with a CAGR of -4.6% from 2012 to 2022. Belgium (-6.6%) illustrated a downward trend over the same period. The Netherlands (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -4.9% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Belgium, with a CAGR of -4.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, falling by -10.3% against the previous year. Overall, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 an increase of 67%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%).

Tobacco Making Machinery Imports

Imports in Benelux

In 2022, imports of machinery for the preparation or making up of tobacco in Benelux reduced rapidly to X units, with a decrease of -46.3% compared with the previous year's figure. Overall, imports recorded a perceptible setback. The growth pace was the most rapid in 2019 with an increase of 121% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports reduced dramatically to $X in 2022. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 63% against the previous year. The level of import peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Belgium represented the largest importer of machinery for the preparation or making up of tobacco in Benelux, with the volume of imports finishing at X units, which was near 77% of total imports in 2022. It was distantly followed by the Netherlands (X units) and Luxembourg (X units), together generating a 23% share of total imports.

Imports into Belgium increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, Luxembourg (+5.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +5.5% from 2012-2022. By contrast, the Netherlands (-12.9%) illustrated a downward trend over the same period. Belgium (+34 p.p.) and Luxembourg (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -36.3% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported machinery for the preparation or making up of tobacco in Benelux, comprising 71% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled -3.2%. In the other countries, the average annual rates were as follows: the Netherlands (-13.9% per year) and Luxembourg (-13.8% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, which is down by -27.2% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 117%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Belgium ($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 Netherlands (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform