In 2023, China's exports of tobacco and manufactured tobacco substitutes stood at an actual value of $1.46 billion. Forecast data for 2024 to 2028 show a slightly increasing trend, with values rising from $1.47 billion in 2024 to $1.5 billion by 2028. This represents a minimal year-on-year growth, generally around 0.68% to 0.7% annually.
The year-on-year variation from 2024 to 2025 sees a rise by 0.68%, maintaining similar growth to 2026. From 2026 to 2027 and 2027 to 2028, the growth ticks slightly higher to around 0.68% and 0.67%, respectively. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is approximately 0.68%, indicating a modest but steady upward trajectory.
Future trends to watch for include regulatory changes, shifts in global demand, and potential technological advancements in manufacturing processes that could impact export volumes and values. Monitoring these variables will be crucial for strategic planning and market positioning.