United Kingdom: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in the UK

The UK tobacco making machinery market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption saw a notable expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Tobacco Making Machinery Production in the UK

In value terms, tobacco making machinery production declined to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Tobacco Making Machinery Exports

Exports from the UK

Tobacco making machinery exports from the UK contracted remarkably to X units in 2022, waning by X% compared with 2021 figures. Overall, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 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 fell remarkably to $X in 2022. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X units), Germany (X units) and the United States (X units) were the main destinations of tobacco making machinery exports from the UK, together comprising X% of total exports. The Dominican Republic, Armenia, India, Belgium, Malaysia and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for tobacco making machinery exported from the UK were the United States ($X), Bangladesh ($X) and Germany ($X), together accounting for X% of total exports. Armenia, India, Belgium, the Dominican Republic, Poland and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average tobacco making machinery export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into the UK

Tobacco making machinery imports into the UK fell significantly to X units in 2022, waning by X% compared with 2021 figures. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tobacco making machinery imports contracted markedly to $X in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X units), South Korea (X units) and Germany (X units) were the main suppliers of tobacco making machinery imports to the UK, with a combined X% share of total imports.

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

In value terms, South Korea ($X), Belgium ($X) and Indonesia ($X) were the largest tobacco making machinery suppliers to the UK, with a combined X% share of total imports. Germany, Poland, China, France and the United States lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average tobacco making machinery import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for the United States ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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