Slovakia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Slovakia

After two years of growth, the Slovak tobacco making machinery market decreased by -48% to $X in 2022. Over the period under review, consumption saw a abrupt decline. Tobacco making machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tobacco Making Machinery Production in Slovakia

In value terms, tobacco making machinery production declined dramatically to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 165% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Tobacco Making Machinery Exports

Exports from Slovakia

In 2022, the amount of machinery for the preparation or making up of tobacco exported from Slovakia soared to X units, increasing by 222% on 2021 figures. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 274% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tobacco making machinery exports surged to $X in 2022. Overall, exports enjoyed a resilient expansion. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for tobacco making machinery exports from Slovakia, accounting for a 75% share of total exports. Moreover, tobacco making machinery exports to China exceeded the volume sent to the second major destination, Poland (X units), sixfold. The third position in this ranking was taken by the Czech Republic (X units), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-18.0% per year) and the Czech Republic (-24.4% per year).

In value terms, China ($X) emerged as the key foreign market for machinery for the preparation or making up of tobacco exports from Slovakia, comprising 97% of total exports. The second position in the ranking was taken by Poland ($X), with a 1.3% share of total exports. It was followed by the Czech Republic, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-26.9% per year) and the Czech Republic (-26.2% per year).

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, increasing by 1,403% against the previous year. In general, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Croatia ($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 Indonesia (+34.8%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Making Machinery Imports

Imports into Slovakia

In 2022, overseas purchases of machinery for the preparation or making up of tobacco decreased by -19.1% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 164% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, tobacco making machinery imports expanded modestly to $X in 2022. In general, imports faced a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 382% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) constituted the largest tobacco making machinery supplier to Slovakia, accounting for a 79% share of total imports. Moreover, tobacco making machinery imports from India exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), ninefold. China (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+29.4% per year) and China (-0.8% per year).

In value terms, India ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Slovakia, comprising 67% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 24% share of total imports. It was followed by France, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +62.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+32.4% per year) and France (+28.1% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, picking up by 25% against the previous year. Overall, the import price recorded a moderate expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 82%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+78.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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