Turkey Tobacco Market Outlook (2018 to 2032)
Synopsis
The above chart is Turkey Tobacco Market Outlook (2018 to 2032)
Market Dynamics
Turkey is one of the most popular markets for tobacco products, including cigarettes, cigarillos, lighters, and cigars. with the population growing and lifestyle changes emerging, tobacco use in turkey is projected to experience positive growth over the next 14 years.turkey is situated in the middle east and is the fourth most populous country in the world making it an attractive opportunity for tobacco companies and marketers. in 2018, the total revenue of all tobacco products sales amounted to 22 billion usd, with cigarette sales alone making up 18.9 billion usd. this is expected to increase in the years to come as turkey has successfully implemented various strategies to reduce smoking and associated health risks.in addition to health initiatives, turkey has put in place regulations to protect the sale of tobacco products. for instance, in 2017, the turkish republic implemented a law on the prevention and control of tobacco use in order to protect children and adolescents, control advertising, and tackle illegal taxes. turkey is also home to the second biggest duty-free market in the world, making it an attractive opportunity for international tobacco companies. domestic production of cigarettes, another driving factor, is also estimated to grow throughout the forecast period. in 2018, turkish-made cigarettes accounted for 59 percent of all turkish cigarettes consumed. finally, the turkish market is further supported by shifting demographics, improved infrastructure, as well as pricing and taxation policies. this, in turn, is expected to drive cigarette sales in the country during the forecast period. given all these factors, turkey's tobacco market outlook looks positive and is expected to experience momentous growth over the forecast period (2018-2032).