Eastern Europe: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Eastern Europe

The East European tobacco making machinery market contracted notably to $X in 2022, falling by X% against the previous year. In general, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Tobacco Making Machinery Production in Eastern Europe

In value terms, tobacco making machinery production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Tobacco Making Machinery Exports

Exports in Eastern Europe

In 2022, the amount of machinery for the preparation or making up of tobacco exported in Eastern Europe surged to X units, with an increase of X% against 2021. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, tobacco making machinery exports shrank rapidly to $X in 2022. Over the period under review, exports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Russia represented the main exporting country with an export of about X units, which reached X% of total exports. Hungary (X units) held the second position in the ranking, followed by Poland (X units), Bulgaria (X units), Romania (X units) and the Czech Republic (X units). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tobacco making machinery exports from Russia stood at X%. At the same time, Romania (X%), the Czech Republic (X%), Bulgaria (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. While the share of Russia (X p.p.), Romania (X p.p.), the Czech Republic (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.) and Hungary (X p.p.) displayed negative dynamics.

In value terms, the largest tobacco making machinery supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and Bulgaria ($X), with a combined X% share of total exports. The Czech Republic, Romania and Russia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Romania, with a CAGR of X%, 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 Eastern Europe stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price faced a abrupt setback. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Tobacco Making Machinery Imports

Imports in Eastern Europe

In 2022, after four years of growth, there was significant decline in purchases abroad of machinery for the preparation or making up of tobacco, when their volume decreased by X% to X units. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, tobacco making machinery imports contracted rapidly to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hungary (X units), distantly followed by Romania (X units), Poland (X units), the Czech Republic (X units), Moldova (X units), Ukraine (X units) and Bulgaria (X units) represented the largest importers of machinery for the preparation or making up of tobacco, together committing X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco making machinery importing markets in Eastern Europe were Romania ($X), Hungary ($X) and Poland ($X), together accounting for X% of total imports.

In terms of the main importing countries, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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