SOUTH AMERICA OFFERS TOBACCO MAJORS LUCRATIVE MARKETS, DESPITE TIGHTENING REGULATION
February 1st, 2009
BY PACIFICA GODDARD
WHILE net revenues for tobacco product sales in some key countries in South America have experienced growth in the last few years, in general the regional tobacco product market is stagnant. Producers blame increased excise rates, public health awareness, and new and more rigidly enforced regulations for the gloom.
South America accounts for 4.1% of the global revenue from tobacco product sales according to analysts IBISWorld. In 2007, cigarette volume sales were 273.8 billion, an overall decrease of 1.3% since 2002, with a CAGR (compound ...
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