Key Market Indicators
Azerbaijan's tobacco production is forecasted to decline slightly, reaching approximately 5,610 metric tons by 2028. This marks a reduction from around 5,790 metric tons recorded in 2023, translating to an average annual decrease of 0.5%. Historically, Azerbaijani tobacco supply has seen a consistent drop, averaging a 1.7% reduction per year since 1997. In the global landscape, Azerbaijan occupied the 49th spot in 2023. That year, Honduras surpassed Azerbaijan with a production level matching Azerbaijan's 5,790 metric tons. In terms of global rankings, India, Brazil, and Zimbabwe secured the 2nd, 3rd, and 4th positions respectively, showcasing their prominence in the tobacco production industry.
