Philip Morris International reports 4.3% cigarette volume decline in 4Q13, 5.1% decline in 2013

[Bill Godshall]

Philip Morris International reports 4.3% worldwide cigarette volume decline in 4Q13 (1.9% decline excluding the Philippines), 5.1% decline in 2013 (2.7% decline excluding the Philippines)
PMI.com News Release February 6, 2014


Interestingly, PMI reported a 6.5% cigarette volume decline in the EU for 2013, most of which can be attributed to surging e-cig sales and use.

Meanwhile, PMI reported a 2.4% cigarette volume decline in Eastern Europe, Middle East and Africa in 2013 (where e-cig sales are very small, and where some countries have banned e-cigs), and PMI reported a 1.4% cigarette volume decline in Latin America and Canada in 2013 (where e-cig sales are very small, including Canada and Brazil where e-cigs are banned).

During the past two years, there have been huge cigarette volume declines in the US and the EU, where e-cig sales have been surging.

Meanwhile, cigarette consumption isn't declining as rapidly in countries that have banned e-cigs.


Its difficult to determine what's going on with PMI cigarette volumes/sales in Asia, as its huge decline in the Philippines (due largely to a tax hike) skewed PMI's cigarette data for the entire Asian market.

 

[VapieDan]

Yup that's a handy 6.5 percent cut in tax revenues caused by E-Cigs. Just take a wild guess who is looking at that and where they expect to replace it. If 6.5 percent of autos went electric in one year you would see panic in government for the same reason. I would wager an "Electricity Tax" would be instituted immediately.

 

[Kryyptyk]

Meanwhile, cigarette consumption isn't declining as rapidly in countries that have banned e-cigs.

...and they say e-cigs won't work.

 

[rothenbj]

Yes E cigs are definitely effecting cigarette sales which drives the ?non-profit?"health" associations to work all the harder to slow down a device that threatens their money supply.