The market is dominated by domestic suppliers, as imports account for 11.5% of total market size in 2020. Households drive market demand, with household spending representing 98.3% of total demand in 2020. Canada has the sixth largest market size for tobacco products across the top 20 developed countries, with demand reaching USD12.0 billion in 2020. Rothmans Benson & Hedges Inc is the largest company in Canada, generating 38.4% of the industry’s total production value in 2020. The industry is fragmented, with the top three companies generating 42.6% of total production value in 2020. The total number of companies remains unchanged in 2020. The costs of the industry decrease by 3.2% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 43.5% of production value in 2020, the second highest across the top 20 developed countries. With production value of USD2.4 billion, Canada accounts for 4.2% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Tobacco Products in Canada: ISIC 16. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tobacco Products in Canada: ISIC 16 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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