Italy: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Italy

After three years of growth, the Italian tobacco making machinery market decreased by -5.5% to $X in 2022. Over the period under review, consumption, however, enjoyed a strong expansion. Tobacco making machinery consumption peaked at $X in 2021, and then fell in the following year.

Tobacco Making Machinery Production in Italy

In value terms, tobacco making machinery production expanded modestly to $X in 2022 estimated in export price. In general, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 212%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tobacco Making Machinery Exports

Exports from Italy

In 2022, overseas shipments of machinery for the preparation or making up of tobacco were finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 72% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports reduced markedly to $X in 2022. Overall, exports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2017 with an increase of 59%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X units), China (X units) and Indonesia (X units) were the main destinations of tobacco making machinery exports from Italy, with a combined 42% share of total exports. Poland, Romania, the United States, Mexico, Turkey, Greece and Jordan lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +164.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tobacco making machinery exported from Italy were China ($X), the United States ($X) and Indonesia ($X), with a combined 38% share of total exports. Hungary, Greece, Romania, Turkey, Poland, Jordan and Mexico lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Mexico, with a CAGR of +122.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, declining by -26.5% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 2020 when the average export price increased by 43%. The export price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Japan (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into Italy

In 2022, supplies from abroad of machinery for the preparation or making up of tobacco increased by 6.3% to X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 135%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tobacco making machinery imports shrank to $X in 2022. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 103%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

North Macedonia (X units), Hungary (X units) and Germany (X units) were the main suppliers of tobacco making machinery imports to Italy, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +1,218.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery suppliers to Italy were Hungary ($X), Germany ($X) and the Czech Republic ($X), with a combined 85% share of total imports. Spain, North Macedonia, the Netherlands, Lebanon and the UK lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, North Macedonia, with a CAGR of +433.7%, 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, with a decrease of -6% against the previous year. Overall, the import price, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 698%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for North Macedonia ($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 Philippines (+41.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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