Southern Asia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Southern Asia

In 2022, after two years of growth, there was significant decline in the South Asian tobacco making machinery market, when its value decreased by X% to $X. Overall, consumption recorded a perceptible decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Tobacco Making Machinery Production in Southern Asia

In value terms, tobacco making machinery production fell markedly to $X in 2022 estimated in export price. Overall, production, however, recorded a temperate increase. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Tobacco Making Machinery Exports

Exports in Southern Asia

In 2022, overseas shipments of machinery for the preparation or making up of tobacco increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco making machinery exports surged to $X in 2022. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

India represented the main exporter of machinery for the preparation or making up of tobacco in Southern Asia, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X units) and Sri Lanka (X units), together mixing up a X% share of total exports. Bangladesh (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sri Lanka (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, India ($X) remains the largest tobacco making machinery supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with an X% share of total exports. It was followed by Pakistan, with a X% share.

In India, tobacco making machinery exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, enjoyed a strong increase. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports in Southern Asia

In 2022, the amount of machinery for the preparation or making up of tobacco imported in Southern Asia contracted notably to X units, falling by X% on 2021 figures. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tobacco making machinery imports reduced to $X in 2022. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh (X units) and India (X units) represented roughly X% of total imports in 2022. It was distantly followed by Maldives (X units), committing a X% share of total imports. Pakistan (X units) and Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Bangladesh ($X), India ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Sri Lanka and Maldives lagged somewhat behind, together accounting for a further X%.

Maldives, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Maldives ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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