$2.0bn
$XXX.Xm
1,853
67
$XXX.Xm
Tobacco product wholesalers have faced declining consumer demand and rising prices over the past few years. Revenue has declined, as rising prices and growing health consciousness have put downwards pressure on smoking rates. The closure of downstream duty-free retailers for extended periods over the three years through 2021-22, as a result of COVID-19 travel restrictions, exacerbated revenue falls. Overall, revenue is expected to decrease at an annualised 10.8% over the five years through 2023-24, to total $2.0 billion. However, this includes an anticipated increase of 2.1% in the current year, with easing travel restrictions expected to boost sales to duty-free retailers.
Industry revenue has declined at a CAGR of 10.8 % over the past five years, to reach an estimated $2.0bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
British American Tobacco Australia | 865.2 | |
Imperial Tobacco Australia | 520.3 | |
Philip Morris | 411.4 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Value cigarettes, Mainstream cigarettes and Premium cigarettes. Value cigarettes is the largest segment of the Tobacco Product Wholesaling in Australia.
Consumers are turning to lower priced value cigarettes as surging excise rates hike prices
Industry operators wholesale cigarettes, cigars and other tobacco products. The industry excludes wholesaling of leaf tobacco.
Purchase this report to view all 3 major companies in this industry.
ANZSIC 3606 - Tobacco Product Wholesaling in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising health awareness and stringent government regulations have resulted in a significant decline in tobacco product sales in Australia. Factors like anti-smoking campaigns...
Learn about an industry's products and services, markets and trends in international trade.
Value cigarettes have risen as a share of revenue over the past five years. With excise tax rates skyrocketing, smokers are turning to cheaper options.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most tobacco product wholesalers in Australia are located in New South Wales and Victoria. These states have the majority of Australia's population, so these areas account fo...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Three of the four largest tobacco manufacturers in the world also dominate the Australian market. These companies own the most prominent brands, with established brand loyalt...
Learn about the performance of the top companies in the industry.
British American Tobacco, Philip Morris and Imperial Tobacco dominate the Australian tobacco product market. These firms control the major brands, with brand loyalty an impor...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Several regulations apply to the industry and its products. Restrictions on cigarette advertising and packaging, as well as anti-smoking campaigns and excise taxes, have cont...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Falling demand has contributed to declining profit margins on average. However, the major companies have a strong hold on the industry, keeping average margins high.
Including values and annual change:
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Tobacco Product Wholesaling industry in Australia is $2.0bn in 2024.
There are 67 businesses in the Tobacco Product Wholesaling industry in Australia, which has grown at a CAGR of 2.6 % between 2018 and 2023.
The market size of the Tobacco Product Wholesaling industry in Australia has been declining at a CAGR of 10.8 % between 2018 and 2023.
Over the next five years, the Tobacco Product Wholesaling industry in Australia is expected to decline.
The biggest companies operating in the Tobacco Product Wholesaling market in Australia are British American Tobacco Australia, Imperial Tobacco Australia and Philip Morris
Value cigarettes and Mainstream cigarettes are part of the Tobacco Product Wholesaling industry.
The company holding the most market share in Australia is British American Tobacco Australia.
The level of competition is high and increasing in the Tobacco Product Wholesaling industry in Australia.