Report Update Nov 1, 2024

Colombia - Machinery for the Preparation or Making Up of Tobacco - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Colombia

The Colombian tobacco making machinery market dropped sharply to $X in 2022, shrinking by -42.6% against the previous year. Overall, consumption continues to indicate a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tobacco Making Machinery Production in Colombia

In value terms, tobacco making machinery production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 142% against the previous year. Tobacco making machinery production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Tobacco Making Machinery Exports

Exports from Colombia

In 2022, after two years of decline, there was significant growth in overseas shipments of machinery for the preparation or making up of tobacco, when their volume increased by 266% to X units. Overall, exports showed a strong increase. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports surged to $X in 2022. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units) was the main destination for tobacco making machinery exports from Colombia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to +82.5%.

In value terms, Mexico ($X) also remains the key foreign market for machinery for the preparation or making up of tobacco exports from Colombia.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to +138.1%.

Export Prices by Country

The average tobacco making machinery export price stood at $X per unit in 2022, surging by 29% against the previous year. Over the period under review, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 148%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +27.4% per year.

Tobacco Making Machinery Imports

Imports into Colombia

In 2022, after two years of growth, there was significant decline in purchases abroad of machinery for the preparation or making up of tobacco, when their volume decreased by -30.3% to X units. Over the period under review, imports showed a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 165% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tobacco making machinery imports declined significantly to $X in 2022. In general, imports faced a sharp shrinkage. The growth pace was the most rapid in 2015 when imports increased by 101%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of tobacco making machinery imports to Colombia, together comprising 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +25.1%), while imports for the other leaders experienced a decline.

In value terms, the largest tobacco making machinery suppliers to Colombia were Germany ($X), Italy ($X) and Brazil ($X), together comprising 84% of total imports. China, the United States and the Netherlands lagged somewhat behind, together accounting for a further 14%.

China, with a CAGR of +31.8%, recorded 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 a decline.

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, picking up by 9.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 79% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($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 United States (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for the preparation or making up of tobacco in the world?

The countries with the highest volumes of in 2021 were the United States, Italy and the UK, together accounting for 57% of global consumption. These countries were followed by Turkey, Croatia, the Dominican Republic, Germany, Belgium and Brazil, which together accounted for a further 14%.

What are the largest producers of machinery for the preparation or making up of tobacco in the world?

Italy remains the largest tobacco making machinery producing country worldwide, comprising approx. 47% of total volume. Moreover, tobacco making machinery production in Italy exceeded the figures recorded by the second-largest producer, Germany, fivefold. The third position in this ranking was occupied by the Netherlands, with a 7.5% share.

What are the leading suppliers of machinery for the preparation or making up of tobacco to Colombia?

In value terms, Italy constituted the largest supplier of tobacco making machinery to Colombia, comprising 87% of total imports. The second position in the ranking was occupied by the United States $882), with a 1.3% share of total imports.

What are the leading importers of machinery for the preparation or making up of tobacco from Colombia?

In value terms, Mexico remains the key foreign market for tobacco making machinery exports from Colombia, comprising 89% of total exports. The second position in the ranking was occupied by Chile, with a 10% share of total exports.

What is the average export price for machinery for the preparation or making up of tobacco in Colombia?

In 2021, the average tobacco making machinery export price amounted to $14,338 per unit, with an increase of 6.3% against the previous year.

What is the average import price for machinery for the preparation or making up of tobacco in Colombia?

In 2021, the average tobacco making machinery import price amounted to $19 per unit, flattening at the previous year.

This report provides an in-depth analysis of the tobacco making machinery market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28931900 - Machinery for the preparation or making up of tobacco

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023