Northern America: Tobacco Making Machinery Market 2023

Tobacco Making Machinery Exports

Exports in Northern America

In 2021, approx. X units of machinery for the preparation or making up of tobacco were exported in Northern America; picking up by 339% on 2020 figures. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,068% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tobacco making machinery exports skyrocketed to $X in 2021. Over the period under review, exports recorded a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 85% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada dominates exports structure, amounting to X units, which was approx. 95% of total exports in 2021. It was distantly followed by the United States (X units), committing a 5.3% share of total exports.

Canada was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco exports, with a CAGR of +35.0% from 2012 to 2021. The United States experienced a relatively flat trend pattern. From 2012 to 2021, the share of Canada increased by +42 percentage points.

In value terms, the United States ($X) remains the largest tobacco making machinery supplier in Northern America, comprising 80% of total exports. The second position in the ranking was taken by Canada ($X), with a 20% share of total exports.

In the United States, tobacco making machinery exports expanded at an average annual rate of +4.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, waning by -58.8% against the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2015 an increase of 3,615% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.5%).

Tobacco Making Machinery Imports

Imports in Northern America

In 2021, after two years of growth, there was significant decline in supplies from abroad of machinery for the preparation or making up of tobacco, when their volume decreased by -11% to X units. Overall, imports recorded a mild slump. The pace of growth appeared the most rapid in 2015 when imports increased by 141% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tobacco making machinery imports soared to $X in 2021. Over the period under review, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 190%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, accounting for X units, which was near 97% of total imports in 2021. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco imports, with a CAGR of -1.3% from 2012 to 2021. Canada (-7.7%) illustrated a downward trend over the same period. The United States (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -2.5% from 2012 to 2021, respectively.

In value terms, the largest tobacco making machinery importing markets in Northern America were the United States ($X) and Canada ($X).

In terms of the main importing countries, Canada, with a CAGR of +14.3%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, increasing by 77% against the previous year. Over the period under review, the import price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2017 when the import price increased by 81%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+23.8%).

Source: IndexBox Market Intelligence Platform

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