Australian Smokers to Pay More than $ 45 for a Packet of Cigarettes in Australia, 2016 Albany, New York, January 24, 2017: Market Research Hub has recently announced the addition of a new report to it broad database titled as“ Smoking Tobacco in Australia, 2016”. The latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the Tobacco market.
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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.
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