GCC: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in GCC

The GCC tobacco making machinery market expanded notably to $X in 2022, growing by 12% against the previous year. Overall, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Tobacco Making Machinery Production in GCC

In value terms, tobacco making machinery production expanded notably to $X in 2022 estimated in export price. In general, production recorded a mild slump. The pace of growth appeared the most rapid in 2018 with an increase of 512%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports in GCC

In 2022, overseas shipments of machinery for the preparation or making up of tobacco decreased by -30.9% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 147%. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, tobacco making machinery exports contracted to $X in 2022. In general, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 151%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X units, which was approx. 98% of total exports in 2022. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tobacco making machinery exports from the United Arab Emirates stood at +20.8%. At the same time, Bahrain (+43.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +43.7% from 2012-2022. While the share of the United Arab Emirates (+26 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest tobacco making machinery supplier in GCC, comprising 100% of total exports. The second position in the ranking was taken by Bahrain ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +14.9%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, with an increase of 24% against the previous year. Over the period under review, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2020 an increase of 129% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.9%).

Tobacco Making Machinery Imports

Imports in GCC

After three years of growth, purchases abroad of machinery for the preparation or making up of tobacco decreased by -3.9% to X units in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 197% against the previous year. The volume of import peaked at X units in 2021, and then fell modestly in the following year.

In value terms, tobacco making machinery imports totaled $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 145%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X units, which was approx. 97% of total imports in 2022. Qatar (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tobacco making machinery imports into the United Arab Emirates stood at +14.7%. At the same time, Qatar (+36.7%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +36.7% from 2012-2022. From 2012 to 2022, the share of Qatar increased by +2.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported machinery for the preparation or making up of tobacco in GCC, comprising 100% of total imports. The second position in the ranking was taken by Qatar ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +12.9%.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, increasing by 7.1% against the previous year. Overall, the import price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2017 an increase of 84%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.6%).

Source: IndexBox Platform