Key Market Indicators
**Korean Tobacco Consumption Decline Projected to Continue** Korean tobacco consumption is expected to fall significantly over the next five years. By 2028, it is projected that 11.6% of individuals aged 15 and older will be daily smokers, a decrease from 14.3% in 2023. This represents an annual compound decline of 3.3 percentage points. The downward trend in smoking rates has been ongoing since 2006, with a yearly reduction of 4 percentage points. **Tobacco Production in Korea Also on the Decline** Tobacco production in South Korea is also set to decrease. By 2028, output is anticipated to drop to 16,530 metric tons from 21,340 metric tons in 2023, marking an average annual decline of 4.1%. The nation's tobacco supply has been dwindling since 1966, with an average yearly reduction of 3.9%. In 2023, South Korea ranked 28th globally in tobacco production, with Myanmar surpassing it at the same production level of 21,340 metric tons. India, Brazil, and Zimbabwe held the second, third, and fourth spots, respectively, in global tobacco production rankings.
