Asia-Pacific: Tobacco Making Machinery Market 2023

Tobacco Making Machinery Market Size in Asia-Pacific

In 2021, the Asia-Pacific tobacco making machinery market decreased by -2.1% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Production in Asia-Pacific

In value terms, tobacco making machinery production declined to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 6%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Tobacco Making Machinery Exports

Exports in Asia-Pacific

In 2021, tobacco making machinery exports in Asia-Pacific skyrocketed to X units, picking up by 113% against 2020 figures. In general, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 162%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, tobacco making machinery exports stood at $X in 2021. Overall, exports, however, saw a mild downturn. The pace of growth was the most pronounced in 2016 with an increase of 93%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units) and China (X units) dominates exports structure, together generating 81% of total exports. It was distantly followed by Thailand (X units), creating a 5.4% share of total exports. The following exporters - Taiwan (Chinese) (X units), South Korea (X units), India (X units) and Singapore (X units) - together made up 10% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery supplying countries in Asia-Pacific were Indonesia ($X), China ($X) and Singapore ($X), with a combined 67% share of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +18.2%, saw the highest growth rate of 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 export price in Asia-Pacific stood at $X per unit in 2021, declining by -52.4% against the previous year. In general, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 384%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+23.7%), while the other leaders experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports in Asia-Pacific

In 2021, the amount of machinery for the preparation or making up of tobacco imported in Asia-Pacific declined notably to X units, reducing by -36.1% against the previous year's figure. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 133% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tobacco making machinery imports contracted markedly to $X in 2021. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 107%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X units) was the largest importer of machinery for the preparation or making up of tobacco, mixing up 40% of total imports. Indonesia (X units) took the second position in the ranking, distantly followed by New Zealand (X units) and Taiwan (Chinese) (X units). All these countries together held approx. 39% share of total imports. The following importers - Singapore (X units), Myanmar (X units), Japan (X units), Sri Lanka (X units) and Bangladesh (X units) - together made up 14% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery importing markets in Asia-Pacific were Indonesia ($X), Taiwan (Chinese) ($X) and Singapore ($X), with a combined 37% share of total imports. These countries were followed by Japan, Bangladesh, Sri Lanka, Myanmar, Australia and New Zealand, which together accounted for a further 10%.

Myanmar, with a CAGR of +22.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, declining by -13.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 62%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bangladesh ($X per unit), while New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+15.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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