Industry Analysis & Industry Trends
Tobacco is grown in over 125 countries around the world on over four 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 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 set to total 3.0 million tons in 2014, with flue-cured tobacco leaves accounting for about 91.3%.... purchase to read more
Industry Report - Industry Analysis Chapter
China is the largest grower of tobacco leaf in the world, producing about 3.0 million tons of tobacco leaf per annum, or about one-third of global tobacco leaf production. More than 80.0% of the tobacco leaf produced in China is used for domestic cigarette production. To control the supply of tobacco leaf and to avoid a surplus, the State Tobacco Monopoly Association (STMA) sets a tobacco leaf production quota. The STMA controls Chinese tobacco leaf production and procurement prices, and cigarette manufacturing and marketing. The Chinese Ministry of Agriculture does not have jurisdiction over the production, pricing or marketing of tobacco leaf. Therefore, within the Chinese economy, the STMA is a vertically and horizontally integrated tobacco entity... purchase to read more