Global Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size

The global tobacco making machinery market totaled $X in 2022, surging by 1.5% against the previous year. Overall, consumption, however, saw a mild curtailment. Global consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Production

In value terms, tobacco making machinery production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12%. As a result, production reached the peak level of $X. From 2014 to 2022, global production growth failed to regain momentum.

Tobacco Making Machinery Exports

Exports

In 2022, approx. X units of machinery for the preparation or making up of tobacco were exported worldwide; declining by -13% on 2021. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 20%. The global exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, tobacco making machinery exports shrank to $X in 2022. Overall, exports showed a noticeable decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 22%. Over the period under review, the global exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy represented the largest exporting country with an export of about X units, which resulted at 28% of total exports. China (X units) took a 9.7% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (7.1%), Indonesia (5.4%), Bulgaria (5.2%) and the United States (4.9%). The following exporters - Singapore (X units), Hungary (X units), Belgium (X units), Poland (X units), Romania (X units), France (X units) and India (X units) - together made up 21% of total exports.

Exports from Italy decreased at an average annual rate of -8.8% from 2012 to 2022. At the same time, Romania (+29.5%), Bulgaria (+21.4%), China (+8.5%), Singapore (+7.2%), India (+4.0%) and the United States (+3.8%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.5% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Poland (-3.4%), the Netherlands (-4.6%), Belgium (-6.6%), France (-11.9%) and Hungary (-12.3%) illustrated a downward trend over the same period. China (+7.2 p.p.), Bulgaria (+4.8 p.p.), Singapore (+3.1 p.p.), the United States (+3 p.p.), Indonesia (+2 p.p.) and Romania (+2 p.p.) significantly strengthened its position in terms of the global exports, while France, Hungary and Italy saw its share reduced by -2%, -4.6% and -12.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest tobacco making machinery supplier worldwide, comprising 38% of global exports. The second position in the ranking was held by Indonesia ($X), with a 6.8% share of global exports. It was followed by Poland, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy totaled -4.8%. In the other countries, the average annual rates were as follows: Indonesia (+20.5% per year) and Poland (-1.6% per year).

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+21.4%), while the other global leaders experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports

In 2022, supplies from abroad of machinery for the preparation or making up of tobacco increased by 0.1% to X units, rising for the second year in a row after three years of decline. In general, imports, however, showed a mild contraction. The growth pace was the most rapid in 2017 when imports increased by 34% against the previous year. Over the period under review, global imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tobacco making machinery imports reduced slightly to $X in 2022. Over the period under review, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Over the period under review, global imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States was the main importing country with an import of about X units, which finished at 33% of total imports. Myanmar (X units) held a 6.7% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (5.9%). The United Arab Emirates (X units), Indonesia (X units), Russia (X units), Hungary (X units), Germany (X units), Uzbekistan (X units), the Philippines (X units), the Dominican Republic (X units), China (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tobacco making machinery imports into the United States stood at +19.1%. At the same time, Uzbekistan (+535.0%), Myanmar (+38.4%), Hungary (+30.3%), Singapore (+23.1%), the United Arab Emirates (+14.7%), the Philippines (+12.9%), the Dominican Republic (+10.4%), Russia (+9.2%) and Belgium (+2.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the world, with a CAGR of +535.0% from 2012-2022. By contrast, Germany (-16.0%), Indonesia (-16.7%) and China (-20.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Myanmar, Singapore, the United Arab Emirates, Hungary, Uzbekistan and Russia increased by +28, +6.5, +5.3, +2.9, +2.3, +2.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 27% of global imports. Russia, Singapore, Hungary, the Dominican Republic, Indonesia, Germany, Uzbekistan, the Philippines, Belgium and Myanmar lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Uzbekistan, with a CAGR of +521.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, with a decrease of -4.1% against the previous year. Over the period under review, the import price showed a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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