India: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in India

The Indian tobacco making machinery market was estimated at $X in 2022, increasing by 7.7% against the previous year. In general, consumption, however, recorded a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Tobacco Making Machinery Production in India

In value terms, tobacco making machinery production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. Tobacco making machinery production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tobacco Making Machinery Exports

Exports from India

In 2022, approx. X units of machinery for the preparation or making up of tobacco were exported from India; increasing by 14% compared with 2021. Over the period under review, exports enjoyed a measured increase. The pace of growth was the most pronounced in 2019 with an increase of 87%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, tobacco making machinery exports surged to $X in 2022. In general, exports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2021 when exports increased by 68%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X units) was the main destination for tobacco making machinery exports from India, accounting for a 68% share of total exports. Moreover, tobacco making machinery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X units), ninefold. China (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+92.9% per year) and China (+668.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for machinery for the preparation or making up of tobacco exports from India, comprising 54% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by Indonesia, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+702.6% per year) and Indonesia (-14.9% per year).

Export Prices by Country

The average tobacco making machinery export price stood at $X per unit in 2022, with an increase of 11% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 30%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Belgium ($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 Iran (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into India

In 2022, imports of machinery for the preparation or making up of tobacco into India skyrocketed to X units, with an increase of 29% on the previous year's figure. In general, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 184% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tobacco making machinery imports soared to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 96%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units), the United Arab Emirates (X units) and the United States (X units) were the main suppliers of tobacco making machinery imports to India, with a combined 59% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +92.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United Arab Emirates ($X) and the United States ($X) were the largest tobacco making machinery suppliers to India, with a combined 59% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +29.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, falling by -1.9% against the previous year. Overall, the import price recorded a mild downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average 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 Indonesia ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+71.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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