The market is dominated by domestic suppliers, as imports account for 0.3% of total market size in 2022. Households drive market demand, with household spending representing 49.2% of total demand in 2022. China has the largest market size for tobacco products regionally, with demand reaching USD236 billion in 2022. China National Tobacco Corp (CNTC) is the largest company in China, generating 85.0% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 95.2% of total production value in 2022. The total number of companies decreases in 2022, to 602 units. The costs of the industry decrease by 1% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 10.6% of production value in 2022, the 19th highest regionally. With production value of USD146 billion, China accounts for 71.3% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Tobacco Products in China: 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 China: ISIC 16 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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