Bangladesh: Tobacco Making Machinery Market 2022

Tobacco Making Machinery Market Size in Bangladesh

The Bangladeshi tobacco making machinery market expanded markedly to $X in 2021, picking up by X% 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 showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Bangladesh

In 2021, the amount of machinery for the preparation or making up of tobacco exported from Bangladesh stood at X units, flattening at the previous year. In general, exports faced a precipitous decline. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tobacco making machinery exports fell slightly to $X in 2021. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for tobacco making machinery exports from Bangladesh, accounting for a X% share of total exports. Moreover, tobacco making machinery exports to Singapore exceeded the volume sent to the second major destination, India (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Singapore amounted to -X%.

In value terms, Singapore ($X) remains the key foreign market for tobacco making machinery exports from Bangladesh, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to -X%.

Export Prices by Country

In 2021, the average tobacco making machinery export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to India stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+X%).

Tobacco Making Machinery Imports

Imports into Bangladesh

In 2021, tobacco making machinery imports into Bangladesh reached X units, growing by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth imports remained at a lower figure.

In value terms, tobacco making machinery imports contracted to $X in 2021. In general, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest tobacco making machinery supplier to Bangladesh, accounting for a X% share of total imports. Moreover, tobacco making machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Hungary (X units), twofold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Germany (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of tobacco making machinery to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Italy (-X% per year).

Import Prices by Country

In 2021, the average tobacco making machinery import price amounted to $X per unit, dropping by -X% against the previous year. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform