"Tobacco in the Philippines" Now Available at Fast Market Research
Tobacco posted nearly 8% in current value growth in 2011. This is largely attributable to the country's stable economic growth, and the sustainable and higher disposable income of the middle- to high-income consumers who can afford and easily adjust to the price hikes of tobacco products. Higher unit prices as a result of inflationary measures and tax increases contributed mainly to the growth in value sales despite decline in overall volume consumption.
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