EU: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in the EU

In 2022, the EU tobacco making machinery market decreased by -7.2% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Production in the EU

In value terms, tobacco making machinery production reached $X in 2022 estimated in export price. Overall, production showed a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 17%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Tobacco Making Machinery Exports

Exports in the EU

In 2022, tobacco making machinery exports in the European Union declined to X units, which is down by -12.6% on the year before. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 23%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco making machinery exports contracted rapidly to $X in 2022. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 34%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy represented the key exporting country with an export of around X units, which finished at 48% of total exports. The Netherlands (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (8.9%), Hungary (7%), Belgium (6%) and Poland (5.1%). Romania (X units) followed a long way behind the leaders.

Exports from Italy decreased at an average annual rate of -8.8% from 2012 to 2022. At the same time, Romania (+29.5%) and Bulgaria (+21.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +29.5% from 2012-2022. By contrast, Poland (-3.4%), the Netherlands (-4.6%), Belgium (-6.6%) and Hungary (-12.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bulgaria, Romania, the Netherlands and Poland increased by +8.3, +3.5, +3.1 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest tobacco making machinery supplier in the European Union, comprising 59% of total exports. The second position in the ranking was taken by Poland ($X), with an 8% share of total exports. It was followed by Hungary, with a 6.5% share.

In Italy, tobacco making machinery exports contracted by an average annual rate of -4.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (-1.6% per year) and Hungary (-9.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, dropping by -10.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the export price increased by 21% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.5%), while the other leaders experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports in the EU

In 2022, supplies from abroad of machinery for the preparation or making up of tobacco decreased by -16.5% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2013 with an increase of 55%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, tobacco making machinery imports dropped markedly to $X in 2022. In general, imports recorded a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of machinery for the preparation or making up of tobacco, namely Hungary, Germany, Belgium, Bulgaria, Romania, Poland, France, Spain, Italy, Greece, the Netherlands and Austria, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +30.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Hungary ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, together comprising 42% of total imports.

Hungary, with a CAGR of +25.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, declining by -3.5% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 51%. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Greece ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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