MERCOSUR: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in MERCOSUR

After two years of growth, the MERCOSUR tobacco making machinery market decreased by -22.9% to $X in 2022. In general, consumption recorded a slight contraction. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Tobacco Making Machinery Production in MERCOSUR

In value terms, tobacco making machinery production declined to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -29.2% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 70% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports in MERCOSUR

In 2022, the amount of machinery for the preparation or making up of tobacco exported in MERCOSUR shrank to X units, reducing by -9.4% on 2021 figures. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 77% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco making machinery exports expanded significantly to $X in 2022. Overall, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2019 with an increase of 171%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units), Argentina (X units), Colombia (X units), Uruguay (X units) and Paraguay (X units) represented roughly 92% of total exports in 2022. It was distantly followed by Brazil (X units), achieving a 7.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +28.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest tobacco making machinery supplier in MERCOSUR, comprising 49% of total exports. The second position in the ranking was held by Uruguay ($X), with a 15% share of total exports. It was followed by Paraguay, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Chile totaled +30.3%. In the other countries, the average annual rates were as follows: Uruguay (+17.8% per year) and Paraguay (-8.5% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, increasing by 20% against the previous year. Over the period under review, the export price enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 an increase of 277% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+13.2%), while the other leaders experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports in MERCOSUR

Tobacco making machinery imports fell remarkably to X units in 2022, which is down by -71.6% compared with 2021 figures. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 362% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, tobacco making machinery imports fell sharply to $X in 2022. Overall, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 247%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X units) and Chile (X units) represented roughly 62% of total imports in 2022. It was distantly followed by Brazil (X units) and Uruguay (X units), together comprising a 30% share of total imports. Colombia (X units) and Paraguay (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +22.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Uruguay ($X) constitutes the largest market for imported machinery for the preparation or making up of tobacco in MERCOSUR, comprising 50% of total imports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total imports. It was followed by Chile, with a 16% share.

In Uruguay, tobacco making machinery imports increased at an average annual rate of +28.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (-30.0% per year) and Chile (-3.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, shrinking by -6.1% against the previous year. In general, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 when the import price increased by 43%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Uruguay ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform