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Analysis
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Russian Cigarette Market in 2012-2015

The trend towards market reduction is confirmed. No bottom can be seen, though the decline in cigarette production slowed down in 2015.

Total cigarette production in Russia decreased by approximately 11 billion pieces in 2015, or about 3% on 2014, from 355.5 billion to 344.5 billion. The fall was three times bigger in 2014 (over 9% or 36 billion pieces) and earlier still, in 2013, production shrank by 25 billion pieces compared with 2012. The trend towards accelerating decline in...

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