U.S.: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in the U.S.

In 2022, the U.S. tobacco making machinery market increased by 25% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Tobacco Making Machinery Exports

Exports from the U.S.

In 2022, the amount of machinery for the preparation or making up of tobacco exported from the United States skyrocketed to X units, rising by 16% on 2021 figures. Overall, exports showed a moderate increase. The pace of growth appeared the most rapid in 2018 when exports increased by 59%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports dropped significantly to $X in 2022. In general, exports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2018 with an increase of 93%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units), the Dominican Republic (X units) and Canada (X units) were the main destinations of tobacco making machinery exports from the United States, with a combined 74% share of total exports. Mexico, Indonesia, Hungary and Germany lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +49.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X) remains the key foreign market for machinery for the preparation or making up of tobacco exports from the United States, comprising 37% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports. It was followed by Mexico, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+32.6% per year) and Mexico (+0.4% per year).

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, falling by -30% against the previous year. In general, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to China ($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 Hungary (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into the U.S.

For the fourth year in a row, the United States recorded growth in purchases abroad of machinery for the preparation or making up of tobacco, which increased by 11% to X units in 2022. In general, imports showed strong growth. The pace of growth was the most pronounced in 2017 with an increase of 221%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, tobacco making machinery imports surged to $X in 2022. Over the period under review, imports showed pronounced growth. The growth pace was the most rapid in 2017 with an increase of 168% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of tobacco making machinery imports to the United States, together accounting for 61% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +42.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) appeared to be the largest tobacco making machinery suppliers to the United States, with a combined 78% share of total imports.

Italy, with a CAGR of +20.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tobacco making machinery import price stood at $X per unit in 2022, increasing by 36% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+544.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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