Israel: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Israel

The Israeli tobacco making machinery market expanded remarkably to $X in 2022, growing by 7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw significant growth. Tobacco making machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Tobacco Making Machinery Exports

Exports from Israel

In 2022, overseas shipments of machinery for the preparation or making up of tobacco decreased by -57.5% 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 significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,431%. As a result, the exports attained the peak of X units, and then plummeted in the following year.

In value terms, tobacco making machinery exports dropped remarkably to $X in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 2,805% against the previous year. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

The United States (X units) was the main destination for tobacco making machinery exports from Israel, with a 63% share of total exports. Moreover, tobacco making machinery exports to the United States exceeded the volume sent to the second major destination, the Philippines (X units), twofold. Russia (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Russia (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for machinery for the preparation or making up of tobacco exports from Israel, comprising 63% of total exports. The second position in the ranking was held by the Philippines ($X), with a 27% share of total exports. It was followed by Russia, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Russia (0.0% per year).

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, waning by -14.1% against the previous year. Over the period under review, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2015 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Jordan ($X per unit) and the Philippines ($X per unit), while the average price for exports to Russia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.2%).

Tobacco Making Machinery Imports

Imports into Israel

In 2022, purchases abroad of machinery for the preparation or making up of tobacco increased by 539% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 557% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, tobacco making machinery imports skyrocketed to $X in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 548%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Italy (X units) was the main tobacco making machinery supplier to Israel, accounting for a 97% share of total imports. It was followed by China (X units), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.0% per year) and Germany (-12.4% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Israel, comprising 97% of total imports. The second position in the ranking was taken by China ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.0% per year) and Germany (-14.9% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, reducing by -1.8% against the previous year. In general, the import price recorded a slight slump. The growth pace was the most rapid in 2017 when the average import price increased by 6.6%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :