Malaysia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Malaysia

The Malaysian tobacco making machinery market reduced slightly to $X in 2022, declining by -4.1% against the previous year. Over the period under review, consumption saw a perceptible increase. Tobacco making machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Tobacco Making Machinery Production in Malaysia

In value terms, tobacco making machinery production declined to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 19%. 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 from Malaysia

In 2022, shipments abroad of machinery for the preparation or making up of tobacco was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2016 with an increase of 398%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, tobacco making machinery exports skyrocketed to $X in 2022. In general, exports, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 304% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X units) was the main destination for tobacco making machinery exports from Malaysia, with a 98% share of total exports. It was followed by Myanmar (X units), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand stood at +5.7%.

In value terms, Thailand ($X) emerged as the key foreign market for machinery for the preparation or making up of tobacco exports from Malaysia, comprising 98% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand stood at +4.0%.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, falling by -10.9% against the previous year. Over the period under review, the export price recorded a slight descent. The pace of growth appeared the most rapid in 2018 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Myanmar stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into Malaysia

After four years of decline, overseas purchases of machinery for the preparation or making up of tobacco increased by 174% to X units in 2022. Overall, imports, however, continue to indicate a precipitous descent. 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 skyrocketed to $X in 2022. Over the period under review, imports, however, showed a dramatic downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), Germany (X units) and Italy (X units) were the main suppliers of tobacco making machinery imports to Malaysia, with a combined 98% share of total imports. These countries were followed by Hungary, which accounted for a further 2.4%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +14.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest tobacco making machinery suppliers to Malaysia were South Korea ($X), Germany ($X) and Italy ($X), with a combined 98% share of total imports. These countries were followed by Hungary, which accounted for a further 2.4%.

In terms of the main suppliers, Hungary, with a CAGR of +9.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tobacco making machinery import price stood at $X per unit in 2022, jumping by 19% against the previous year. In general, the import price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2015 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 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 Germany ($X per unit) and South Korea ($X per unit), while the price for Hungary ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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