Date: 11 months ago   Category: Economy

Analysts have predicted crash of the cigarette market of Russia within five years

Employees of Euromonitor International have predicted reduction of the market of tobacco products in Russia for 30% by 2022. Analysts claim that the proceeds from sales of cigarettes will decrease by 11% in five years in comparison with 2017, the Vedomosti newspaper tells. Also the edition has reported about fast delay of growth of excises on cigarettes. Increase in cost of tobacco products has provoked expansion of illegal trade to 4%. However experts have noted that because of reduction of sales producers will hardly raise further the prices of tobacco products. Researchers have assumed that reduction of the cigarette market is connected with growth of popularity of a healthy lifestyle and also with distribution of electronic smoking devices. Photo: Google.Images to Share: excises sale crash market of a cigarette tobacco price