Luxembourg: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Luxembourg

In 2022, after two years of growth, there was significant decline in the Luxembourg tobacco making machinery market, when its value decreased by X% to $X. In general, consumption, however, showed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced remarkably in the following year.

Tobacco Making Machinery Production in Luxembourg

In value terms, tobacco making machinery production dropped rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of X,700% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Tobacco Making Machinery Exports

Exports from Luxembourg

After two years of decline, shipments abroad of machinery for the preparation or making up of tobacco increased by X% to X units in 2022. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tobacco making machinery exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units), Russia (X units) and Uzbekistan (X units) were the main destinations of tobacco making machinery exports from Luxembourg, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Turkey ($X) and Kazakhstan ($X) constituted the largest markets for tobacco making machinery exported from Luxembourg worldwide, with a combined X% share of total exports.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into Luxembourg

In 2022, tobacco making machinery imports into Luxembourg reduced rapidly to X units, waning by X% compared with 2021 figures. Overall, imports showed a sharp curtailment. The smallest decline of X% was in 2021. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports reduced rapidly to $X in 2022. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of tobacco making machinery to Luxembourg, with a X% share of total imports. Moreover, tobacco making machinery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. France (X units) ranked third in terms of total imports with a X% share.

From 2020 to 2022, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, the Netherlands ($X), Germany ($X) and France ($X) were the largest tobacco making machinery suppliers to Luxembourg, with a combined X% share of total imports. Belgium, Poland, Italy, Spain and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tobacco making machinery import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank markedly in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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