Cigarettes in Turkey - New Market Research Report
Cigarettes registered 5% volume growth in 2012, owing to the government's successful efforts to curb illicit trade, in addition to stagnant excise taxes, which were decreased in October 2011 from 69% to 65%, and were stable throughout 2012. According to trade sources, in 2012 the last quarter growth was around 25%, as a direct result of trade inventory movements ahead of the January 2013 excise tax increase. The majority of these sales were used to build stocks by retailers just...
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