Northern America: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Northern America

The North American tobacco making machinery market amounted to $X in 2022, growing by 6% against the previous year. Overall, consumption posted a prominent expansion. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Tobacco Making Machinery Production in Northern America

In value terms, tobacco making machinery production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Tobacco Making Machinery Exports

Exports in Northern America

In 2022, approx. X units of machinery for the preparation or making up of tobacco were exported in Northern America; declining by -8.2% against 2021. Over the period under review, exports, however, saw notable growth. The pace of growth was the most pronounced in 2013 with an increase of 67% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports shrank dramatically to $X in 2022. In general, exports, however, posted mild growth. The pace of growth appeared the most rapid in 2018 when exports increased by 85%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, reaching X units, which was near 98% of total exports in 2022. Canada (X units) held a little share of total exports.

The United States was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco exports, with a CAGR of +3.8% from 2012 to 2022. Canada (-2.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest tobacco making machinery supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.7% share of total exports.

In the United States, tobacco making machinery exports expanded at an average annual rate of +2.0% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, declining by -27.5% against the previous year. Over the period under review, the export price recorded a mild curtailment. The pace of growth appeared the most rapid in 2015 an increase of 29% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-1.3%).

Tobacco Making Machinery Imports

Imports in Northern America

In 2022, imports of machinery for the preparation or making up of tobacco in Northern America expanded modestly to X units, with an increase of 3.5% on 2021. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 231% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, tobacco making machinery imports rose sharply to $X in 2022. Overall, imports recorded a notable increase. The growth pace was the most rapid in 2017 when imports increased by 192% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, finishing at X units, which was near 97% of total imports in 2022. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco imports, with a CAGR of +19.1% from 2012 to 2022. At the same time, Canada (+1.6%) displayed positive paces of growth. While the share of the United States (+9.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-9.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported machinery for the preparation or making up of tobacco in Northern America, comprising 90% of total imports. The second position in the ranking was held by Canada ($X), with a 10% share of total imports.

In the United States, tobacco making machinery imports increased at an average annual rate of +3.4% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, growing by 2.2% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-1.7%).

Source: IndexBox Platform

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