In 2023, the tobacco products market in China was valued at approximately 293.8 billion U.S. dollars. It is estimated that China's tobacco products industry will generate 324.5 billion U.S. dollars in revenue by 2029. As in today's market, cigarettes will remain the largest segment in 2029, with 306.7 billion dollars in sales.
Revenue of tobacco products in China from 2019 to 2023, with estimates until 2029, by segment
(in billion U.S. dollars)
*Forecast. This includes the (filtered) cigarettes, smoking tobacco (fine-cut and pipe tobacco), cigars and cigarillos, e-cigarettes and e-liquids. And excludes the untaxed tobacco products, smokeless tobacco (snuff and chewing tobacco), heat-not-burn products (e.g., iqos). All figures are estimates. A detailed methodology can be found in the Statista Consumer Market Outlook.
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Statista. (June 30, 2024). Revenue of tobacco products in China from 2019 to 2023, with estimates until 2029, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/forecasts/1337363/china-revenue-of-tobacco-products
Statista. "Revenue of tobacco products in China from 2019 to 2023, with estimates until 2029, by segment (in billion U.S. dollars)." Chart. June 30, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/forecasts/1337363/china-revenue-of-tobacco-products
Statista. (2024). Revenue of tobacco products in China from 2019 to 2023, with estimates until 2029, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/forecasts/1337363/china-revenue-of-tobacco-products
Statista. "Revenue of Tobacco Products in China from 2019 to 2023, with Estimates until 2029, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jun 2024, https://www.statista.com/forecasts/1337363/china-revenue-of-tobacco-products
Statista, Revenue of tobacco products in China from 2019 to 2023, with estimates until 2029, by segment (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1337363/china-revenue-of-tobacco-products (last visited December 21, 2024)
Revenue of tobacco products in China from 2019 to 2023, with estimates until 2029, by segment (in billion U.S. dollars) [Graph], Statista, June 30, 2024. [Online]. Available: https://www.statista.com/forecasts/1337363/china-revenue-of-tobacco-products
