South-Eastern Asia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in South-Eastern Asia

In 2022, the Southeast Asian tobacco making machinery market increased by 30% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Tobacco Making Machinery Production in South-Eastern Asia

In value terms, tobacco making machinery production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports in South-Eastern Asia

Tobacco making machinery exports expanded markedly to X units in 2022, increasing by 12% against 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 87% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco making machinery exports surged to $X in 2022. In general, exports showed temperate growth. The pace of growth appeared the most rapid in 2016 when exports increased by 169%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) and Singapore (X units) dominates exports structure, together creating 90% of total exports. It was distantly followed by Thailand (X units), constituting a 4.5% share of total exports. The following exporters - Cambodia (X units) and Malaysia (X units) - each recorded a 3.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of +8.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery supplying countries in South-Eastern Asia were Indonesia ($X), Singapore ($X) and Thailand ($X), with a combined 97% share of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, increasing by 47% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 47% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood 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 Thailand ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+21.4%), while the other leaders experienced mixed trends in the export price figures.

Tobacco Making Machinery Imports

Imports in South-Eastern Asia

In 2022, the amount of machinery for the preparation or making up of tobacco imported in South-Eastern Asia soared to X units, jumping by 53% compared with 2021 figures. Overall, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 227% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, tobacco making machinery imports surged to $X in 2022. In general, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 207% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Myanmar (X units) and Singapore (X units) represented roughly 64% of total imports in 2022. Indonesia (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (10%) and Vietnam (9.2%).

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and the Philippines ($X), together comprising 87% of total imports.

Among the main importing countries, Singapore, with a CAGR of +19.7%, recorded 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

The import price in South-Eastern Asia stood at $X per unit in 2022, with a decrease of -23.7% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 50%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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