Recently Released Market Study: Cigarettes in Spain
The credit crunch has boosted illegal trade in cigarettes, which has reached sky-high levels with growth of 526% in 2011. Illicit trade was directly responsible cigarettes' total decline in volume terms during the year. 16% of Spanish smokers have admitted to buying cigarettes through illegal channels, a figure that reaches 28% in southern Spain. However, growth in illicit trade, which was very significant in 2011, is set to decline thanks to restrictive new police and government measures.
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