In 2024, Armenia leads the global tobacco products value added by country at 27.62% of total manufacturing, showing a 5.8% increase from 2023. Nicaragua follows at 5.27%, with a notable 4.27% rise. Sri Lanka and Macedonia are at 4.41% and 3.75% respectively, with mixed variations, such as a drop of -2.38% for Sri Lanka and a 1.89% rise for Macedonia. Serbia, India, and Russia exhibit slight declines at 1.28%, 1.21%, and 1.07% respectively. Despite minor growth for Montenegro and reductions for Uzbekistan, Malaysia stands out positively with a 2.75% increase. On the lower end, Argentina, Kenya, Kazakhstan, Mongolia, Brazil, and Ecuador show varied trends, with significant declines for Ecuador (-13.57%) and Kenya (-8.86%).
Looking ahead, future trends to watch include potential regulatory impacts on tobacco manufacturing, shifts in consumer preferences towards reduced-risk products, and economic conditions in key regions. Increasing health awareness and international trade policies may influence production and value-added metrics for these countries.
Top countries in Tobacco Products Value Added by Country
| # | 10 Countries | Percent of Total Manufacturing | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Armenia | 27.62 | 2023 | +8.42% | +5.8% | View data |
| 2 | 2 Nicaragua | 5.27 | 2023 | +2.15% | +4.27% | View data |
| 3 | 3 Sri Lanka | 4.41 | 2023 | -1.09% | -2.38% | View data |
| 4 | 4 Macedonia | 3.75 | 2023 | -2.05% | +1.89% | View data |
| 5 | 5 Serbia | 1.28 | 2023 | -1.16% | -1.21% | View data |
| 6 | 6 India | 1.21 | 2023 | -0.98% | -1.09% | View data |
| 7 | 7 Russia | 1.07 | 2023 | -0.41% | -0.64% | View data |
| 8 | 8 Montenegro | 0.97 | 2023 | +0.48% | +0.49% | View data |
| 9 | 9 Uzbekistan | 0.97 | 2023 | 0% | -2.48% | View data |
| 10 | 10 Malaysia | 0.76 | 2023 | +3.02% | +2.75% | View data |
