Canada: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Canada

The Canadian tobacco making machinery market shrank dramatically to $X in 2022, falling by -65% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then fell rapidly in the following year.

Tobacco Making Machinery Production in Canada

In value terms, tobacco making machinery production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Canada

In 2022, shipments abroad of machinery for the preparation or making up of tobacco decreased by -93.1% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 352%. The exports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, tobacco making machinery exports reduced remarkably to $X in 2022. In general, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2013 when exports increased by 352% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

The United States (X units) was the main destination for tobacco making machinery exports from Canada, with a 93% share of total exports. Moreover, tobacco making machinery exports to the United States exceeded the volume sent to the second major destination, India (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -3.0%.

In value terms, the United States ($X) remains the key foreign market for machinery for the preparation or making up of tobacco exports from Canada, comprising 93% of total exports. The second position in the ranking was held by India ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -4.3%.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, falling by -14.1% against the previous year. In general, the export price recorded a slight curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.0%), while the prices for the other major destinations experienced a decline.

Tobacco Making Machinery Imports

Imports into Canada

In 2022, tobacco making machinery imports into Canada contracted remarkably to X units, reducing by -69.8% against the previous year's figure. Overall, imports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,246% against the previous year. Imports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, tobacco making machinery imports shrank rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 1,226%. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest tobacco making machinery supplier to Canada, with a 54% share of total imports. Moreover, tobacco making machinery imports from the United States exceeded the figures recorded by the second-largest supplier, Indonesia (X units), fourfold. The third position in this ranking was taken by the UK (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+33.6% per year) and the UK (-5.0% per year).

In value terms, the United States ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Canada, comprising 54% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+30.9% per year) and the UK (-6.9% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, waning by -1.9% against the previous year. Over the period under review, the import price continues to indicate a mild downturn. The growth pace was the most rapid in 2014 a decrease of -0.9% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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