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Cigarette & Tobacco Product Wholesaling in Canada - Industry Market Research Report

Publisher IBISWorld
Published Sep 01, 2024
Length 70 Pages
SKU # IBSS19342617

Description

Cigarette & Tobacco Product Wholesaling in Canada - Industry Market Research Report


Cigarette & Tobacco Product Wholesaling in Canada

The Cigarette and Tobacco Product Wholesaling industry in Canada has 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 to raise tax revenue and reduce tobacco consumption. To sustain profit amid declining sales volumes, cigarette manufacturers have consistently raised prices on their products, enabling wholesalers to raise their prices and aiding industry profit to grow. Additionally, major manufacturers have improved distribution networks, boosting sales. Nonetheless, industry revenue is estimated to fall an annualized 0.6% to $7.9 billion over the five years to 2023, despite a rise of 0.2% in 2023 alone due to COVID-19. One main cause of the decline is decreased sales from duty-free stores, which resulted from declining travel due to the pandemic.

The Cigarette and Tobacco Product Wholesaling industry in Canada 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."

Table of Contents

70 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
How Do Licenses Work?
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