Tobacco

At an overall level, the global tobacco industry has experienced relative stability so far in 2020 resulting in marginal downgrading of forecasts in the main category, cigarettes. However, this obscures variation across markets with some, such as the…

Almost uniquely among fmcg industries, tobacco legislation is not simply a guiding element or a means of enforcing consumer standards but a central determining factor in the performance of tobacco markets. As the cumulative de-normalising impact of…

In 2023, tobacco continued to record a positive performance in Vietnam despite the fact that the country experienced challenging economic conditions and considerable inflationary pressure. Many Vietnamese consumers maintained their habit of smoking…

Cigarettes continued to dominate tobacco in Uzbekistan at the end of the review period. However, in 2023, cigarettes saw a decline in legal retail volume sales, compared to the previous year. Despite the increase in smoking prevalence, which was…

In recent years, Uruguay has benefited from a stable economy and was able to remain strong despite the economic crisis faced by its neighbour Argentina. In fact, Uruguay’s economy posted positive growth in 2023 in a context in which its neighbour and…