For smokers, it's bad news: tobacco products in Italy will experience a price increase in 2023. This is due to a provision included in the "2023 Budget Law" aimed at reshuffling the consumption tax between different products through a tax change.
As previously stated, consumers of tobacco products can expect to see an increase in prices of their vice by 2023. The revised 2023 Budget Law, approved by President Meloni's administration, includes a provision to impose specific consumption taxes on cigarettes. Starting from January 1st, 2023, the tax will raise the price of each pack by 0.20 euros (approximately 1.48 RMB), with variations depending on the brand of cigarette.
But that is not all, as the growth in cigarette prices will further increase in 2024 by 0.10 or 0.15 euros. In other words, starting from 2024, cigarettes may cost an additional 35 cents (around 2.24 yuan) more.
In 2023, the growth is not only targeted at cigarette users, as it also affects those who use electronic cigarettes, such as heated tobacco. However, for this type of cigarette, the price increase is relatively small. Non-nicotine cigarettes cost about 0.08 euros (approximately 0.59 yuan) per milliliter, while nicotine-containing cigarettes will rise in price to 0.13 euros (approximately 0.96 yuan) per milliliter.
The government recently announced that with the increase in prices of cigarettes and tobacco in 2023, the Italian state can expect to collect at least 100 million euros annually.
It has been revealed that cigarettes and tobacco will experience a price increase in 2023, but what will their prices be in 2021 with the introduction of the Euro? The official website of the national monopolies agency, Agenzia Accise Dogane Monopoli di Stato, has published a list of cigarette prices, including all brands available to the public, which was updated on November 24th of this year. The list indicates that the price of a pack of cigarettes in 2022 will range from 4.8 to 6 Euros.
Taking into account the expected price hikes for cigarettes and tobacco in 2023, it is possible that low-end cigarette packs may cost 5 euros, while higher-end packs could cost as much as 6.20 euros. However, it's worth noting that cigarette prices have already gone up significantly over the past two decades. In 2001, Marlboro cigarettes cost just 2.17 euros, while Camel cigarettes were 2.48 euros and the most popular brand, Winston, topped out at 3 euros. In short, cigarettes have gone up in price by more than 2 euros over the last 20 years.
Let's take a look at who in Italy will be spending more money next year, as the prices of cigarettes and tobacco are set to rise in 2023.
According to data provided by Epicentre ISS, we can estimate that the Italian regions will spend more money on cigarette and tobacco packaging next year due to the Meloni government's plan to increase prices in 2023. This analysis is based on a two-year period from 2020 to 2021.
Which region in Italy has the highest smoking rate? According to statistics, some areas in the central and southern parts of the country have the highest smoking rates, especially Abruzzo, Umbria, and Campania. Emilia-Romagna also has a significant number of smokers.
On the contrary, in 2023 the regions less affected by the increase in cigarette and tobacco prices will be Puglia, Marche, Calabria, and Friuli-Venezia Giulia.
According to data from the Italian National Institute of Health (Istituto Superiore di Sanità), 50% of the population in Italy does not smoke, while 24.5% habitually consume cigarettes.
After realizing that cigarettes and tobacco will increase in price in 2023, let's take a look at how much revenue the country gains from cigarette sales. In this particular case, data from 2020 provided by the population analysis institution, Eurispes, shows that the country receives approximately 14 billion euros annually from cigarette sales.
However, it should be noted that if we take into account the annual expenditure that the country incurs in supporting public health and treating diseases closely related to tobacco consumption, we will realize that the actual net profit is half of this figure, which is approximately 7 billion euros.
Disclaimer
This article is provided solely for professional research, industry discussion, and informational purposes. Any references to brands, companies, products, technologies, or policies are made for factual reporting and analytical purposes only, and do not constitute endorsement, recommendation, promotion, or advertising by 2Firsts.
Nicotine-containing products, including but not limited to cigarettes, e-cigarettes, heated tobacco products, and nicotine pouches, carry significant health risks. Readers are responsible for complying with all applicable laws and regulations in their respective jurisdictions, including age restrictions and access limitations.
The information contained in this article should not be regarded as investment, legal, medical, regulatory, or commercial advice. While 2Firsts strives to ensure the accuracy and reliability of its content, it does not assume liability for any direct or indirect loss arising from errors, omissions, inaccuracies, or reliance on the information contained herein.
This article is not intended for individuals below the legal age for accessing tobacco or nicotine-related information in their jurisdiction.
Copyright Notice
This article is either original content produced by 2Firsts or content reproduced, translated, summarized, or adapted from third-party sources with attribution where applicable. The intellectual property rights of the original content remain with 2Firsts or the respective original rights holders.
No individual or organization may copy, reproduce, distribute, republish, modify, translate, or otherwise use this content without prior authorization. Any unauthorized use may result in legal action.
For copyright-related inquiries, corrections, or removal requests, please contact: info@2firsts.com.
AI-Assisted Translation and Editing Notice
Portions of this article may have been translated, edited, or reviewed with the assistance of artificial intelligence tools to improve efficiency and readability. Due to the limitations of AI-assisted translation and editing, discrepancies, omissions, or inaccuracies may exist when compared with the original source.
Where applicable, readers are advised to refer to the original source for the most complete and accurate information. If you identify any errors or believe that any content infringes upon your rights, please contact us at info@2firsts.com, and we will review and address the matter promptly.
