Philip Morris International reports huge 8% decline in cigarette shipment volume to EU in first half of 2013

[Bill Godshall]

Philip Morris International reports huge 8% decline in cigarette shipment volume to European Union in first half of 2013, and a 6% decline during the 2^nd quarter.
Philip Morris Earnings Suffer From Lower Volumes, Currency Headwinds -- Trefis


I strongly suspect that at least half of this decline has been due to rapidly growing sales of e-cigarettes.

 

[Fanny Pack]

Is there any way to find out stats for USA cigarette sales/production in the USA for 2013 so far?

 

[TomCatt]

Increasing excise taxes, high unemployment rates due to weak macroeconomic conditions, growing illegal trade of cigarettes and shifting consumer preferences towards other tobacco products are some of the key factors ...

Things that make you go "Hmmmm"

 

[rothenbj]

"I strongly suspect that at least half of this decline has been due to rapidly growing sales of e-cigarettes. "

That's probably true, but the ANTZ don't want that acknowledged. It has to be Champix or whatever it's called in the EU.




















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[Vocalek]

Well, this portion of Bill's tobacco Harm Reduction Newsletter provides additional information on the effect of e-cigarette sales increases on the decreases in traditional cigarette sales:

Lorillard reports 2% decline in cigarette shipment volume in first half of 2013, reports $57 million in blu e-Cigs sales in 2nd quarter and
$114 million in first half of 2013 (compared to just $8 million in 2012).
http://www.lorillard.com/wp-content/uploads/2013/07/Q2-2013-Earnings-Release-FINAL.pdf