Canada Tobacco Industry Outlook 2024 - 2028

See how Canada Tobacco performed compared to key markets.

Key Market Indicators

Canadian tobacco consumption is expected to decline significantly over the next five years. By 2028, only 5.3% of Canadians aged 15 and older are projected to be daily smokers, a notable drop from the 7.7% recorded in 2023. This represents an average annual decrease of roughly 5.9 percentage points. Historical data indicates a consistent downward trend in Canadian demand, with a 7.4-point annual decline since 1969. In tandem with the drop in consumption, Canadian tobacco production is also set to decrease. By 2028, production is forecasted to hit 5,800 metric tons, down from 13,400 metric tons in 2023. This equates to a compound annual growth rate (CAGR) of -13.2%. The trend isn't new; since 1966, Canadian tobacco supply has been falling at an average rate of 8.6% per year. In 2023, Canada ranked 34th in global tobacco production, with South Africa surpassing it with 13,420 metric tons. The leading producers in the world include India, Brazil, and Zimbabwe, holding the second, third, and fourth positions respectively.

Canada Tobacco Market Data and Forecasts

Canada Tobacco : how will it grow in the coming years?

Forecast: Number of Persons Employed in Tobacco Products in Canada
Forecast: Wages and Salaries in Tobacco Products in Canada
Forecast: Employment in Food, Beverages and Tobacco Sector in Canada
Forecast: Food, Beverage and Tobacco Merchant Wholesalers Operating Revenue in Canada
Forecast: Food, Beverage and Tobacco Merchant Wholesalers Cost of Goods Sold in Canada
Forecast: Export of Cigars and Cigarettes from Canada
View More

Other Top Countries about Tobacco