Industry Analysis & Industry Trends
Tobacco is grown in over 125 countries around the world on over 4.0 million hectares of land, a quarter of which are in China. The global tobacco crop is worth approximately $20.0 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 1.0% 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 set to total 3.0 million tons in 2016, with flue-cured tobacco leaves accounting for 90.0% of the total.... purchase to read more
Industry Report - Industry Investment Chapter
The Tobacco Growing industry in China has an extremely low capital intensity level. Farmers are an important input for this industry and wages account for an estimated 39.1% of total revenue in 2016. For each dollar spent on labor, only 6 cents are invested in capital. The ratio of capital to labor is expected to increase, however, as farmers improve growing techniques and invest more in growing and harvesting machinery... purchase to read more