Market Report, "World Cigarettes Libya", published
New Consumer Goods research report from ERC is now available from Fast Market Research
[USPRwire, Mon Sep 08 2014] World Cigarettes Libya focuses on the extent to which the market has evolved during the last twelve years in line with changing smoking habits in Libya, the competitive environment and economic developments. The end result is an accurate and objective interpretation of market trends (since 1990) and directions, assessing underlying currents of change and projecting the market scenarios of the future, providing forecasts to 2022.
Key Findings
Up to 75% of overall cigarette sales in Libya are reported to be contraband which would bring total consumption up to 24 billion pieces of which only 6 billion are duty paid. Smoking is widespread with just under half of adult men smoking although only 0.8% of women do so. Consequently, per capita consumption is high at 1,070 pieces and if contraband is included would exceed 4,000 pieces per head.
Following a 5.1% decline in GDP in 2013, the economy is forecast to grow by around 25.5% in 2014 but more slowly thereafter. Duty paid volumes are expected to benefit from a more stable political environment and a substantial shift away from the non duty paid market and forecasts suggest growth of 44% in the period to 2022.
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