Report Latin America and the Caribbean - Machinery for the Preparation or Making Up of Tobacco - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 25, 2023

Latin America and the Caribbean - Machinery for the Preparation or Making Up of Tobacco - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)

Latin America and the Caribbean: Tobacco Making Machinery Market 2023

Tobacco Making Machinery Market Size in Latin America and the Caribbean

For the sixth consecutive year, the Latin American tobacco making machinery market recorded growth in sales value, which increased by 86% to $X in 2021. In general, consumption continues to indicate a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Tobacco Making Machinery Production in Latin America and the Caribbean

In value terms, tobacco making machinery production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a mild contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 11%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Tobacco Making Machinery Exports

Exports in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in overseas shipments of machinery for the preparation or making up of tobacco, when their volume decreased by -12.6% to X units. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 127%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, tobacco making machinery exports reduced rapidly to $X in 2021. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 84%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Honduras was the major exporting country with an export of about X units, which finished at 52% of total exports. Chile (X units) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Paraguay (11%) and the Dominican Republic (7.6%). The following exporters - Colombia (X units) and Trinidad and Tobago (X units) - each reached a 4.3% share of total exports.

Honduras was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco exports, with a CAGR of +56.8% from 2012 to 2021. At the same time, Trinidad and Tobago (+46.9%), Colombia (+10.4%), Paraguay (+6.5%) and the Dominican Republic (+3.2%) displayed positive paces of growth. By contrast, Chile (-2.1%) illustrated a downward trend over the same period. While the share of Honduras (+51 p.p.) and Trinidad and Tobago (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Dominican Republic (-2 p.p.) and Chile (-24.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tobacco making machinery supplying countries in Latin America and the Caribbean were Chile ($X), Honduras ($X) and the Dominican Republic ($X), with a combined 64% share of total exports.

Honduras, with a CAGR of +39.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Latin America and the Caribbean stood at $X per unit in 2021, waning by -11.9% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the export price increased by 128% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 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 Colombia ($X per unit), while Trinidad and Tobago ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+8.1%), while the other leaders experienced a decline in the export price figures.

Tobacco Making Machinery Imports

Imports in Latin America and the Caribbean

Tobacco making machinery imports skyrocketed to X units in 2021, increasing by 46% on 2020 figures. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 169%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, tobacco making machinery imports contracted sharply to $X in 2021. Over the period under review, imports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2018 when imports increased by 76%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Chile dominates imports structure, finishing at X units, which was approx. 89% of total imports in 2021. The following importers - Brazil (X units), Cuba (X units) and the Dominican Republic (X units) - together made up 9% of total imports.

Chile was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco imports, with a CAGR of +109.6% from 2012 to 2021. At the same time, Cuba (+24.2%) and Brazil (+20.4%) displayed positive paces of growth. By contrast, the Dominican Republic (-5.7%) illustrated a downward trend over the same period. Chile (+88 p.p.) significantly strengthened its position in terms of the total imports, while Brazil and the Dominican Republic saw its share reduced by -2.7% and -36.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tobacco making machinery importing markets in Latin America and the Caribbean were the Dominican Republic ($X), Brazil ($X) and Cuba ($X), together accounting for 68% of total imports.

In terms of the main importing countries, Cuba, with a CAGR of +14.5%, saw the highest rates of growth with regard to 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 2021, the import price in Latin America and the Caribbean amounted to $X per unit, dropping by -52.3% against the previous year. Over the period under review, the import price continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Dominican Republic ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+11.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for the preparation or making up of tobacco in LatAmerica and the Caribbean?
+
Chile remains the largest tobacco making machinery consuming country in Latin America and the Caribbean, accounting for 87% of total volume. Moreover, tobacco making machinery consumption in Chile exceeded the figures recorded by the second-largest consumer, Brazil, more than tenfold. The third position in this ranking was held by Cuba, with a 2.9% share.
What are the largest producers of machinery for the preparation or making up of tobacco in LatAmerica and the Caribbean?
+
The countries with the highest volumes of production in 2021 were Honduras, Bolivia and Chile, with a combined 78% share of total production.
What are the leading exporters of machinery for the preparation or making up of tobacco in LatAmerica and the Caribbean?
+
In value terms, Chile, Honduras and the Dominican Republic appeared to be the countries with the highest levels of exports in 2021, with a combined 64% share of total exports.
What are the leading importers of machinery for the preparation or making up of tobacco in LatAmerica and the Caribbean?
+
In value terms, the largest tobacco making machinery importing markets in Latin America and the Caribbean were the Dominican Republic, Brazil and Cuba, with a combined 68% share of total imports.
What is the average export price for machinery for the preparation or making up of tobacco in LatAmerica and the Caribbean?
+
The export price in Latin America and the Caribbean stood at $575 per unit in 2021, with a decrease of -11.9% against the previous year.
What is the average import price for machinery for the preparation or making up of tobacco in LatAmerica and the Caribbean?
+
The import price in Latin America and the Caribbean stood at $78 per unit in 2021, waning by -52.3% against the previous year.

This report provides an in-depth analysis of the tobacco making machinery market in Latin America and the Caribbean. 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:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET