TAIWAN TOBACCO CONTROL EFFORTS AND BLACK MARKETEERS HITTING LICIT SALES
July 22nd, 2024
The market for cigarettes in Taiwan has fluctuated during the past few years – sales were up in 2021 for example – but generally the trend has been downward, with the government tightening regulatory controls. According to London, UK-based market researcher data analytics and consulting company Euromonitor, in 2022 sales of licit cigarettes were 37.4 billion sticks, falling to 34.4 billion in 2023, (with illicit sales at 4.5 billion sticks and 4.6 billion sticks respectively). This is in part due to an amended Tobacco Hazards Prevention Act, which came into ...
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