Malawi's Tobacco Sales Revenues Soar by 83.3%

Market by 2FIRSTS.ai

May.20.2024

Malawi's Tobacco Sales Revenues Soar by 83.3%

Malawi's tobacco sales revenue has surged by 83.3% compared to the same period last year, reaching $81.2 million.

According to Xinhua News Agency, as of May 17th, within a period of four weeks ending on May 10th, Malawi's tobacco sales revenue reached 81.2 million US dollars, an increase of 83.3% compared to the same period last year.

The Tobacco Commission estimates that tobacco growers will sell 140 million kilograms of tobacco to the market this year, an increase of 17% from the production of approximately 125 million kilograms last year. Regulatory authorities have reported that since the market opened in April, 30 million kilograms have already been sold, a 47.5% increase from the same period last year.

The committee stated, "Seasonal average prices have also increased by 28% to $2.70 per kilogram, compared to $2.11 per kilogram last year.

According to the Malawi National Statistical Office, Malawi's total export value in 2023 was $1.1 billion, with tobacco exports accounting for $389 million.

References:

[1] Malawi reports 89.3 pct increase in tobacco sales

Also Read:

[1] Unexpected Strong Momentum in Global Air Freight Market in 2024 Led by E-cig Logistics

[2] New Trend of Multi-Pod Disposable E-Cigarettes in UK Market

[3] European Disposable Stocks Flood Middle East Market, Some Products Priced at Less Than $1.3

[4] FTC Report: US Vape Market Topped over $26.7 Billion in 2021

#Traditional tobacco #Market #Africa #Malawi

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