In 2023, China's cigarette export stood at 15.6 ten million units, setting the stage for an upward trajectory through to 2028. The forecast indicates a steady increase, with a consistent year-on-year growth around 2%. By 2028, exports are expected to reach 17.14 ten million units, showing a positive trend. This represents a compound annual growth rate (CAGR) of approximately 1.9% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Global regulatory shifts potentially impacting demand and export destinations.
- Emerging markets with increasing demand for tobacco products.
- Technological innovations in production affecting cost and efficiency.
