New Market Study Published: Tobacco in Spain
In 2011, cigarettes, which saw volume and value sales decrease significantly, was the only category to register negative growth in Spain. Cigarettes, which represent the largest tobacco product in Spain, was hit hard by the credit crunch and high unemployment rates in Spain, which led to a decrease in private consumption and spectacular growth of illicit trade. After many years of very low levels of illicit trade in cigarettes, 2011 saw the credit crunch drive more than 500% growth in...
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