In 2023, Italy emerged as the leading exporter of machinery for preparing tobacco, with Hungary and the Netherlands following. Notable growth was observed in Lithuania and Denmark. Conversely, Greece, France, and some other European countries witnessed significant declines. Emerging markets like South Korea and certain European nations showed positive growth, particularly Luxembourg and Japan. A negative trend was prevalent in several traditional exporters, facing challenges due to market dynamics.
Future trends to watch:
- Continued growth potential in Asian and Eastern European markets.
- Potential recovery in adversely affected European countries.
- A focus on technological innovations impacting machinery demand.
- Shifts due to regulatory changes and tobacco consumption trends globally.
Top countries in Export of Machinery for Preparing Tobacco by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 593,290,000 | 2023 | +3.54% | +1.58% | View data |
| 2 | 2 Hungary | 140,230,000 | 2023 | +2.91% | +1.65% | View data |
| 3 | 3 Netherlands | 92,539,000 | 2023 | +0.43% | +0.11% | View data |
| 4 | 4 Poland | 84,017,000 | 2023 | +2.08% | +1.94% | View data |
| 5 | 5 United States | 77,519,000 | 2023 | +1.77% | +0.86% | View data |
| 6 | 6 Malaysia | 73,946,000 | 2023 | +3.6% | +4.63% | View data |
| 7 | 7 United Kingdom | 43,237,000 | 2023 | -10.38% | -7.26% | View data |
| 8 | 8 Singapore | 31,674,000 | 2023 | -0.32% | +3.23% | View data |
| 9 | 9 South Korea | 30,360,000 | 2023 | +4.83% | +9.28% | View data |
| 10 | 10 Czech Republic | 22,036,000 | 2023 | +4.42% | +14.98% | View data |
