China: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in China

For the fifth year in a row, the Chinese tobacco making machinery market recorded decline in sales value, which decreased by -1.5% to $X in 2022. Over the period under review, consumption, however, showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Tobacco Making Machinery Production in China

In value terms, tobacco making machinery production declined modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 6.1%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tobacco Making Machinery Exports

Exports from China

In 2022, tobacco making machinery exports from China skyrocketed to X units, increasing by 34% against 2021 figures. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 159%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, tobacco making machinery exports soared to $X in 2022. In general, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 154%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units), the United States (X units) and France (X units) were the main destinations of tobacco making machinery exports from China, together accounting for 66% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +72.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tobacco making machinery exported from China were Russia ($X), the United States ($X) and Belgium ($X), with a combined 57% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +48.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, falling by -2.6% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. Over the period under review, the average export prices attained the peak figure 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 the Netherlands ($X per unit), while the average price for exports to Panama ($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 Taiwan (Chinese) (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Making Machinery Imports

Imports into China

In 2022, the amount of machinery for the preparation or making up of tobacco imported into China surged to X units, jumping by 119% on the previous year. Overall, imports, however, faced a dramatic decline. Over the period under review, imports attained the peak figure 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, showed a deep reduction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Germany (X units) and Hungary (X units) were the main suppliers of tobacco making machinery imports to China, together comprising 64% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -4.0%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to China, comprising 52% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.5% per year) and Italy (-10.3% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, dropping by -24.3% against the previous year. Overall, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 62%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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