Smoking tobacco consumption is forecast to grow to 2,050 tons in 2016 compared to 1,597 tons in 2004.
The Australian market for tobacco products is in long-term decline due to strong anti-tobacco laws, high taxes, and low smoking rates among consumers. However, as of 2015, smoking tobacco accounted for 10.9% of all tobacco consumption, up from 6.5% in 2005, indicating a consumer shift away from manufactured cigarettes to slightly cheaper alternatives, such as smoking tobacco. Nevertheless, the highly regulated nature of the Australian tobacco market will limit the abilities of smoking tobacco brands to capitlize on their growing popularity in the longer term. This category is dominated by two major tobacco companies, BAT and Imperial Tobacco, which utilize local production and imports to maintain the smoking tobacco market in the country. Get free PDF request sample copy @ http://bit.ly/2zz869v Key Findings - Smoking tobacco accounted for 10.9% of the tobacco market in 2015. - Smoking tobacco consumption is forecast to grow to 2,050 tons in 2016 compared to 1...