Industry Analysis & Industry Trends
Tobacco is grown in over 125 countries around the world, on over 4 million hectares of land, of which over a quarter is in China alone. The global tobacco crop is worth approximately $20 billion, a small fraction of the total amount generated from the sale of manufactured tobacco products around the world.
Tobacco is grown on less than one percent of the world's agricultural land, and in a wide variety of soils and climates. Since the 1960s, the bulk of production has moved from the Americas to Africa and Asia. Land devoted to tobacco growing has been halved in the United States, Canada and Mexico, but has almost doubled in China, Malawi and Tanzania.
Tobacco leaf production in China is forecast to total 2.2... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Tobacco Growing industry in China is in the mature to decline phase of its life cycle. Tobacco output has decreased in the past five years, while the industry's revenue and value added increased at annualized rates of 2.5% and 2.3%, respectively. This is lower than the growth rate of China's GDP over the same period of over 9%. At the same time, the number of farmers and households engaged in tobacco growing has decreased in recent years, due to relatively low income levels and industry profitability.
The industry is dominated by the Chinese Government, controlling and planning the industry's development according to the consumption of cigarettes. The number of smokers increased in recent years, especially among young consumers... purchase to read more