A few months ago Citi (NYSE:C) warned that smoking would virtually disappear by 2050. Despite this prediction, the bank has identified geographic regions where cigarette use is growing. Worldwide tobacco sales total an impressive $661 billion.
A few facts from Citi’s (NYSE:C) report include:
Cigarettes account for 91% of all tobacco sold in the world.
People are smoking less in the EU, but Asia is referred to as “Where the growth is”.
Latin America (NYSE:ILF) is described as a small market that is “”Regaining ground”.
Following are charts and graphs outlining the world’s continuing tobacco use:
- Global tobacco sales currently total $661 billion
- But numbers of smokers are going down in most parts of the world
- A spike in volume in 2008 when the global financial crisis swung into full effect, but an over 2% drop in 2010
- Marlboro continues to enjoy strong sales and recognition
- Latin America saw a slight increase in tobacco use in 2010
- This is a growth region, as only 17% of Brazil's population used tobacco
- Europeans continue to use the most tobacco
- Though the Spanish are smoking much less than four years ago
- Americans bought 122 billion Marlboros last year
- Marlboro claimed 50% of cigarettes sold in the U.S.
- Tobacco sales haven't shown a year-over-year growth since 1995
- Volume in The EU is down more than the global average
- Italians and Germans smoke more than any other EU country
- But nowhere near the 40% of Russians that smoked in 2009
- U.S. Sales have declined due in part to increased excise taxes
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