Europe: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Europe

The Europe tobacco making machinery market declined rapidly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a perceptible setback. 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 Europe

In value terms, tobacco making machinery production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tobacco Making Machinery Exports

Exports in Europe

In 2022, after two years of growth, there was decline in shipments abroad of machinery for the preparation or making up of tobacco, when their volume decreased by X% to X units. Total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports fell significantly to $X in 2022. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy was the key exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Russia (X units), the Netherlands (X units), Hungary (X units) and Poland (X units), together mixing up a X% share of total exports. Bulgaria (X units), Romania (X units), the Czech Republic (X units), Belgium (X units) and France (X units) took a little share of total exports.

Italy experienced a relatively flat trend pattern with regard to volume of exports of machinery for the preparation or making up of tobacco. At the same time, Romania (X%), Russia (X%), the Czech Republic (X%), Bulgaria (X%), the Netherlands (X%), Belgium (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. Russia (X p.p.), Romania (X p.p.), Bulgaria (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary, France and Italy saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest tobacco making machinery supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

In Italy, tobacco making machinery exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

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 Europe

Tobacco making machinery imports skyrocketed to X units in 2022, growing by X% on the previous year. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports fell dramatically to $X in 2022. Over the period under review, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Switzerland (X units) represented roughly X% of total imports in 2022.

Switzerland was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Switzerland decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Switzerland ($X) constitutes the largest market for imported machinery for the preparation or making up of tobacco in Europe.

In Switzerland, tobacco making machinery imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to X% per year.

Source: IndexBox Platform

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