Key Market Indicators
Panama's tobacco production is projected to reach approximately 2,980 metric tons by the year 2028, up from around 2,880 metric tons in 2023. This marks an annual growth rate of 0.6%. Since 1966, Panama's tobacco supply has increased consistently at a rate of 0.7% per year. As of 2023, Panama held the 61st position globally in tobacco production. In a notable development, Angola surpassed Panama with a production level of 2,880 metric tons this year. On the global stage, India, Brazil, and Zimbabwe secured the second, third, and fourth spots, respectively, in the ranking of tobacco-producing nations.
