Thailand: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Thailand

The Thai tobacco making machinery market reduced to $X in 2022, waning by -13% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Tobacco Making Machinery Production in Thailand

In value terms, tobacco making machinery production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Tobacco Making Machinery Exports

Exports from Thailand

In 2022, overseas shipments of machinery for the preparation or making up of tobacco increased by 4.5% to X units, rising for the second year in a row after three years of decline. In general, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2015 with an increase of 375%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, tobacco making machinery exports surged to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 219%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units) was the main destination for tobacco making machinery exports from Thailand, accounting for a 55% share of total exports. Moreover, tobacco making machinery exports to Indonesia exceeded the volume sent to the second major destination, Cambodia (X units), twofold. The third position in this ranking was held by Pakistan (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+88.4% per year) and Pakistan (-1.5% per year).

In value terms, Indonesia ($X), Bangladesh ($X) and Cambodia ($X) constituted the largest markets for tobacco making machinery exported from Thailand worldwide, with a combined 55% share of total exports.

In terms of the main countries of destination, Cambodia, with a CAGR of +78.0%, 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

The average tobacco making machinery export price stood at $X per unit in 2022, increasing by 77% against the previous year. Over the period under review, the export price saw perceptible growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,292%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Indonesia ($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 Bangladesh (+121.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into Thailand

In 2022, after two years of growth, there was significant decline in overseas purchases of machinery for the preparation or making up of tobacco, when their volume decreased by -68.3% to X units. Overall, imports recorded a sharp contraction. The growth pace was the most rapid in 2017 when imports increased by 1,597% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tobacco making machinery imports dropped significantly to $X in 2022. In general, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 1,259%. 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 UK (X units), Hungary (X units) and Germany (X units) were the main suppliers of tobacco making machinery imports to Thailand, together accounting for 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +71.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Thailand, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Hungary, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.6% per year) and Hungary (+28.1% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, which is down by -59.1% against the previous year. Over the period under review, the import price, however, recorded a perceptible expansion. The growth pace was the most rapid in 2019 when the average import price increased by 145%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then dropped rapidly in the following year.

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 Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+84.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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