Romania: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Romania

The Romanian tobacco making machinery market soared to $X in 2022, growing by 26% 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). Over the period under review, consumption recorded a buoyant increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Romania

In 2022, overseas shipments of machinery for the preparation or making up of tobacco increased by 56% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 626%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 4,692%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for tobacco making machinery exports from Romania, with a 75% share of total exports. Moreover, tobacco making machinery exports to Turkey exceeded the volume sent to the second major destination, Uzbekistan (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+1,813.6% per year) and the Netherlands (-94.7% per year).

In value terms, Uzbekistan ($X) emerged as the key foreign market for machinery for the preparation or making up of tobacco exports from Romania, comprising 76% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan totaled +2,843.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and the Netherlands (-95.4% per year).

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, rising by 6.8% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 768% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Turkey ($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 Uzbekistan (+51.2%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Making Machinery Imports

Imports into Romania

In 2022, supplies from abroad of machinery for the preparation or making up of tobacco increased by 39% to X units, rising for the second year in a row after two years of decline. Overall, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 295%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports soared to $X in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 353%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of tobacco making machinery to Romania, with a 54% share of total imports. Moreover, tobacco making machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Poland (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.2% per year) and Poland (+20.2% per year).

In value terms, the largest tobacco making machinery suppliers to Romania were Italy ($X), Germany ($X) and Poland ($X), with a combined 95% share of total imports. Bulgaria, Hungary, China, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 4.5%.

Among the main suppliers, Hungary, with a CAGR of +80.0%, saw the highest growth rate of 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, surging by 9.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 33% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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