New Market Research Report: Tobacco in Portugal
The economic downturn in Portugal worsened towards the end of the review period. Numerous excise duty increases during the review period resulted in the price of tobacco products increasing, whilst simultaneously consumers faced declining disposable incomes. As a result, many consumers continued to trade down to more affordable brands while others migrated to more affordable tobacco products or simply curtailed their overall cigarette consumption. As a result, both volume and value sales of...
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