Cigarette & Tobacco Product Wholesaling in Canada
The Cigarette and Tobacco Product Wholesaling industry in Canada surpassed major obstacles and has succeeded in adapting to new consumer trends and client procedures. Federal and provincial governments have levied higher excise taxes on cigarette products in an effort to raise tax revenue and reduce tobacco consumption. To sustain profit margins amid declining sales volumes, cigarette manufacturers have consistently raised prices on their products. Traditional merchant wholesalers have contended with strong competition from large-scale cigarette manufacturers that also wholesale their tobacco products within the Canadian market. This phenomenon has led to significant restructuring and an overall stagnation in employment over the past five years. The industry is expected to continue growing over the next five years as disposable income foments demand for alternative tobacco products and wholesale prices keep increasing.
This industry acquires packaged cigarettes and other tobacco products from manufacturers and sells the goods to various retail stores, such as supermarkets, convenience stores, specialized tobacco stores and bars. They may also sell to other wholesalers. The sales and distribution offices of tobacco product manufacturers are included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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