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 SWOT Analysis Chapter
The Tobacco Growing industry in China is in the mature to decline phase of its life cycle. From 2011 to 2021, industry value added is expected to grow at the annualized rate of 5.5%. This is lower than annualized GDP growth of 6.5% during the period. 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. However, increasing health consciousness and new regulations banning smoking at some public places may offset this new demand... purchase to read more