Key Market Indicators
Australian tobacco production is on a steep decline, projected to plummet to approximately 199 metric tons by 2028 from an estimated 1,100 metric tons in 2023. This forecast represents an average annual decrease of 26.2%. Historical data underscores the downturn, with Australian tobacco supply falling at an average rate of 10.5% per year since 1966. In the global ranking for 2023, Australia held the 76th position, trailing behind Libya which also produced around 1,100 metric tons. Leading the global production rankings were India, Brazil, and Zimbabwe, occupying the second, third, and fourth spots respectively.
