Your Cheat Sheet to the Money Gushing Tobacco Industry
A few months ago Citi (NYSE:C) warned that smoking would virtually disappear by 2050. Despite this prediction, the bank has identified geographic regions where cigarette use is growing. Worldwide tobacco sales total an impressive $661 billion.
A few facts from Citi’s (NYSE:C) report include:
Cigarettes account for 91% of all tobacco sold in the world.
People are smoking less in the EU, but Asia is referred to as “Where the growth is”.
Latin America (NYSE:ILF) is described as a small market that is “”Regaining ground”.
Following are charts and graphs outlining the world’s continuing tobacco use:
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