Report Update Nov 1, 2024

Sri Lanka - Machinery for the Preparation or Making Up of Tobacco - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sri Lanka: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Sri Lanka

The Sri Lankan tobacco making machinery market reduced notably to $X in 2022, dropping by -97.3% against the previous year. Overall, consumption showed a precipitous decline. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Production in Sri Lanka

In value terms, tobacco making machinery production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight slump. The pace of growth was the most pronounced in 2018 with an increase of 8.4% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Tobacco Making Machinery Exports

Exports from Sri Lanka

In 2022, the amount of machinery for the preparation or making up of tobacco exported from Sri Lanka soared to X units, picking up by 109% against the year before. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 252,500% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, tobacco making machinery exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 7,457% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Indonesia (X units) was the main destination for tobacco making machinery exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled +533.2%.

In value terms, Indonesia ($X) also remains the key foreign market for machinery for the preparation or making up of tobacco exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at +274.7%.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, which is down by -5.4% against the previous year. In general, the export price saw a pronounced slump. The growth pace was the most rapid in 2020 when the average export price increased by 5,201%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +12.6% per year.

Tobacco Making Machinery Imports

Imports into Sri Lanka

Tobacco making machinery imports into Sri Lanka fell notably to X units in 2022, dropping by -56% on 2021. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 5,367%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tobacco making machinery imports shrank remarkably to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 2,782%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of tobacco making machinery to Sri Lanka, with a 83% share of total imports. Moreover, tobacco making machinery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.5% per year) and the Dominican Republic (+355.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Sri Lanka, comprising 83% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.3% per year) and the Dominican Republic (+262.0% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, waning by -20.3% against the previous year. Over the period under review, the import price, however, recorded noticeable growth. The pace of growth was the most pronounced in 2019 an increase of 137%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Belgium ($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 (+706.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for the preparation or making up of tobacco in the world?

The countries with the highest volumes of in 2021 were the United States, Italy and the UK, together accounting for 57% of global consumption. Turkey, Croatia, the Dominican Republic, Germany, Belgium and Brazil lagged somewhat behind, together accounting for a further 14%.

What are the largest producers of machinery for the preparation or making up of tobacco in the world?

Italy remains the largest tobacco making machinery producing country worldwide, accounting for 47% of total volume. Moreover, tobacco making machinery production in Italy exceeded the figures recorded by the second-largest producer, Germany, fivefold. The Netherlands ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of machinery for the preparation or making up of tobacco to Sri Lanka?

In value terms, the largest tobacco making machinery suppliers to Sri Lanka were Italy, the Netherlands and Poland, together accounting for 65% of total imports. Belgium, Singapore and India lagged somewhat behind, together accounting for a further 27%.

What are the leading importers of machinery for the preparation or making up of tobacco from Sri Lanka?

In value terms, the Dominican Republic emerged as the key foreign market for tobacco making machinery exports from Sri Lanka, comprising 91% of total exports. The second position in the ranking was occupied by Belgium, with a 9.4% share of total exports.

What is the average export price for machinery for the preparation or making up of tobacco in Sri Lanka?

In 2021, the average tobacco making machinery export price amounted to $47,059 per unit, dropping by -52.3% against the previous year.

What is the average import price for machinery for the preparation or making up of tobacco in Sri Lanka?

The average tobacco making machinery import price stood at $553 per unit in 2021, waning by -24.4% against the previous year.

This report provides an in-depth analysis of the tobacco making machinery market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28931900 - Machinery for the preparation or making up of tobacco

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023