Today: September 28, 2016, 3:48 am

China tobacco market to witness steady growth between 2012 and 2017
Tobacco in China - a new market research report on 2014-03-25 03:37:04
Along with the overall improvement of Chinese consumers? disposable incomes, the pursuit of high-quality lifestyles and high-end products witnessed intense growth in 2011. Meanwhile, the adjustment of ad valorem excise tax in 2009 heavily squeezed the profits of economy tobacco brands; hence mid-priced and premium brands were considered as the main strategic focus of companies. As a result, supported by the government and the STMA (State Tobacco Monopoly Association), more endeavours were made in terms of mid-priced and premium brands by tobacco manufacturers than on economy brands.

A reduction in the tar content was highlighted as the major trend in tobacco in China in the review period. Following the tar level target announced by the STMA in early 2010, in May 2012 the government regulated that it would be illegal to sell cigarettes with a tar content higher than 11mg per stick in China from the beginning of 2013. In response to such consecutive tar content restrictions, most tobacco manufacturers made heavy investment in research and development into low tar brands, which brought about dozens of new launches with a lower tar content over the review period. By the end of the review period, considerable progress had been achieved in terms of reducing the tar level in cigarettes. According to the STMA, the average tar level was 13.6mg, 12.2mg and 11.9mg in 2004, 2009 and 2010 respectively. However, in 2011 it reduced to 11.5mg. Furthermore, given the tar level targets set by the STMA, further progress is expected to be seen over the forecast period.

During the review period, the restructuring and integration of China?s tobacco industry steadily continued. Supported and supervised by the government and the STMA, leading tobacco companies in China made persistent efforts in terms of product quality control and research and development, with the aim of strengthening brand image and improving market penetration. As awareness of the leading brands amongst domestic smokers has gradually been enhanced, consolidation in tobacco was reinforced in 2011.

Tobacco in China is expected to record a steady volume increase during the next five years. Although several smoking control regulations have been implemented by the government, such as public smoking bans, they are not forecast to have much impact on the volume consumption of tobacco. Meanwhile, the price rises brought about by ad valorem excise tax adjustments are not expected to affect domestic smokers? consumption of tobacco products.

Click for report details: ..

Browse all Consumer Goods Market Research Reports ..

Browse all Consumer Goods Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 588 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.