Revenue for the Cigarette Manufacturing industry in China has been growing 11.0% annually over the past five years. Despite the recent slowdown in China's economy, the country's large smoker population is set to drive 2.1% growth in cigarette output and 9.2% growth in industry revenue to $146.4 billion in 2014. Even the global economic recession of 2008 and 2009 had very little effect on the industry as the demand elasticity for cigarettes is quite low and stable.
There are about 56 cigarette manufacturers in the industry; merger activity has led to a fall in enterprise numbers over the past five years. The industry employs over 167,300 workers with a payroll of $5.2 billion.
The Cigarette Manufacturing industry in China manufactures cigarettes, cigars and cigarette filters. Products include Virginia-type cigarettes, blend-type cigarettes and cigars. This industry does not include the manufacturing of fiber tows for cigarettes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.