In 2023, the nominal expenditure on tobacco in Germany was 34.5 thousand Euros. From 2024 to 2028, the forecast shows a steady increase in expenditure, with a year-on-year average growth of around 4-5%. This indicates a consistent upward trend over the next five years. The compound annual growth rate (CAGR) for this period is expected to be approximately 4.4%, reflecting moderate but sustained growth.
Future trends to watch include:
- Potential regulatory changes impacting tobacco taxation and consumption.
- Shifts in consumer preferences towards reduced-risk products like e-cigarettes.
- Macroeconomic factors influencing disposable income and spending habits.
