Key Market Indicators
**Brazilian Tobacco Consumption to Decline, Production Also Set to Dip by 2028** Brazilian tobacco consumption is projected to decline significantly over the next five years. By 2028, the percentage of daily smokers aged 15 and older is expected to drop to 7.3%, down from 8.5% in 2023. This represents an average annual decrease of 2.3 percentage points. The downward trend in tobacco use has been ongoing since 2008, with consumption falling by an average of 1.8 percentage points each year. On the production side, Brazil's tobacco output is also forecasted to see a slight decline. By 2028, production is set to reach approximately 749,580 metric tons, down from 761,870 metric tons in 2023. This marks an annual decrease of 0.3% in compound annual growth rate (CAGR). Despite this dip, Brazil has seen a long-term increase in tobacco supply, with a yearly growth rate of 0.2% since 1966. As of 2023, Brazil ranks as the third-largest tobacco producer globally. India leads the rankings with 761,870 metric tons, followed by Zimbabwe in fourth place.
