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World - Machinery For The Preparation Or Making Up Of Tobacco - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTobacco Making Machinery Market
The tobacco making machinery market is expected to decline in consumption over the next eight years, with a projected decrease in market volume and value by 2030. Despite fluctuations in global consumption, the market saw moderate growth from 2012-2022. The United States led in both consumption and production of tobacco making machinery, while China dominated in production. Import and export prices fluctuated over the years, with various countries experiencing different growth rates. Italy remained the largest supplier of tobacco making machinery, with a significant share of global exports.
Market Forecast
The tobacco making machinery market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.4% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 2.2M units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market value to $5.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Machinery For The Preparation Or Making Up Of Tobacco
In 2022, the amount of machinery for the preparation or making up of tobacco consumed worldwide soared to 2.3M units, jumping by 26% on the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption reached the maximum volume in 2022 and is expected to retain growth in the near future.
The global tobacco making machinery market value skyrocketed to $4.5B in 2022, surging by 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a resilient increase. As a result, consumption reached the peak level of $4.8B. From 2019 to 2022, the growth of the global market remained at a somewhat lower figure.
Consumption By Country
The country with the largest volume of tobacco making machinery consumption was the United States (1.3M units), comprising approx. 57% of total volume. Moreover, tobacco making machinery consumption in the United States exceeded the figures recorded by the second-largest consumer, China (359K units), fourfold. Switzerland (121K units) ranked third in terms of total consumption with a 5.2% share.
In the United States, tobacco making machinery consumption increased at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+1.6% per year) and Switzerland (+6.8% per year).
In value terms, the largest tobacco making machinery markets worldwide were China ($896M), Georgia ($852M) and the United States ($60M), together accounting for 40% of the global market. The Dominican Republic, Switzerland, Canada and Australia lagged somewhat behind, together accounting for a further 1.4%.
The Dominican Republic, with a CAGR of +15.3%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of tobacco making machinery per capita consumption was registered in Georgia (31 units per 1000 persons), followed by Switzerland (14 units per 1000 persons), the Dominican Republic (5.6 units per 1000 persons) and the United States (3.9 units per 1000 persons), while the world average per capita consumption of tobacco making machinery was estimated at 0.3 units per 1000 persons.
In Georgia, tobacco making machinery per capita consumption increased at an average annual rate of +14.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Switzerland (+6.1% per year) and the Dominican Republic (+8.9% per year).
Production
World Production of Machinery For The Preparation Or Making Up Of Tobacco
Global tobacco making machinery production reached 442K units in 2022, remaining constant against the previous year's figure. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 3.5% against the previous year. Global production peaked at 452K units in 2018; however, from 2019 to 2022, production failed to regain momentum.
In value terms, tobacco making machinery production fell modestly to $1.9B in 2022 estimated in export price. Overall, production, however, showed a slight slump. The growth pace was the most rapid in 2017 when the production volume increased by 7.5% against the previous year. Over the period under review, global production attained the maximum level at $2.3B in 2013; however, from 2014 to 2022, production failed to regain momentum.
Production By Country
China (365K units) constituted the country with the largest volume of tobacco making machinery production, accounting for 83% of total volume. Moreover, tobacco making machinery production in China exceeded the figures recorded by the second-largest producer, Togo (23K units), more than tenfold. Italy (11K units) ranked third in terms of total production with a 2.5% share.
In China, tobacco making machinery production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Togo (+2.4% per year) and Italy (-0.6% per year).
Imports
World Imports of Machinery For The Preparation Or Making Up Of Tobacco
Global tobacco making machinery imports surged to 1.9M units in 2022, jumping by 33% compared with the previous year. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 89% against the previous year. Global imports peaked at 1.9M units in 2013; afterwards, it flattened through to 2022.
In value terms, tobacco making machinery imports declined to $737M in 2022. Overall, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. Global imports peaked at $1.4B in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The United States prevails in imports structure, recording 1.3M units, which was near 69% of total imports in 2022. Switzerland (121K units) ranks second in terms of the total imports with a 6.3% share, followed by Georgia (5.9%), Canada (4.9%) and Australia (4.7%). The Dominican Republic (62K units) and the Philippines (35K units) followed a long way behind the leaders.
Imports into the United States increased at an average annual rate of +6.7% from 2012 to 2022. At the same time, the Philippines (+83.1%), Georgia (+13.3%), the Dominican Republic (+9.9%), Australia (+9.3%) and Switzerland (+6.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +83.1% from 2012-2022. By contrast, Canada (-4.1%) illustrated a downward trend over the same period. The United States (+5.1 p.p.), Georgia (+2.9 p.p.) and the Philippines (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Canada saw its share reduced by -8.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($52M), the Dominican Republic ($30M) and Switzerland ($16M) were the countries with the highest levels of imports in 2022, together accounting for 13% of global imports.
Among the main importing countries, the Dominican Republic, with a CAGR of +17.8%, 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 $384 per unit, dropping by -30.1% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 140% against the previous year. As a result, import price reached the peak level of $1,685 per unit. From 2015 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 the Dominican Republic ($488 per unit), while Georgia ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+7.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Machinery For The Preparation Or Making Up Of Tobacco
In 2022, overseas shipments of machinery for the preparation or making up of tobacco increased by 22% to 37K units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 97%. Over the period under review, the global exports attained the maximum at 89K units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
In value terms, tobacco making machinery exports dropped modestly to $562M in 2022. In general, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of 25%. Over the period under review, the global exports hit record highs at $1B in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
China (6.8K units), Italy (6.3K units) and Honduras (5.1K units) represented roughly 49% of total exports in 2022. Russia (3K units) ranks next in terms of the total exports with an 8.2% share, followed by Japan (4.8%) and the Netherlands (4.6%). Singapore (1,410 units), the United States (1,246 units), South Africa (1,214 units), Hungary (1,072 units), Poland (801 units), Bulgaria (635 units) and Romania (556 units) took a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Honduras (with a CAGR of +60.7%), while the other global leaders experienced more modest paces of growth.
In value terms, Italy ($194M) remains the largest tobacco making machinery supplier worldwide, comprising 35% of global exports. The second position in the ranking was taken by Poland ($26M), with a 4.7% share of global exports. It was followed by the United States, with a 4.4% share.
From 2012 to 2022, the average annual rate of growth in terms of value in Italy stood at -4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (-1.7% per year) and the United States (+2.0% per year).
Export Prices By Country
In 2022, the average tobacco making machinery export price amounted to $15,330 per unit, shrinking by -21.8% against the previous year. Over the period under review, the export price, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2015 an increase of 301% against the previous year. As a result, the export price attained the peak level of $35,662 per unit. From 2016 to 2022, the average export prices remained 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 Bulgaria ($33,259 per unit), while Honduras ($244 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global tobacco making machinery market. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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