4 ms·
Seems this is based upon data up to 2019. Would be very interested in seeing the data for 2020 and 2021 down the line. I see China is a large factor in this i
by Zenst 5y ago
Seems this is based upon data up to 2019. Would be very interested in seeing the data for 2020 and 2021 down the line.
I see China is a large factor in this increase and wondered what the tax rate was, it seems that it is one of if not the lowest based upon https://www.tobaccofreekids.org/assets/global/pdfs/en/China_tobacco_taxes_summary_en.pdf https://www.tobaccofreekids.org/assets/global/pdfs/en/China_...
I then wondered what the history of that tax was and from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6022610/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6022610/
it does seem that it has not seen the yearly tax increase that many countries have and it was in 2015 the last time it increased with the last in 2009.
Looking more into it, China does seem to be changing and I suspect given this link (which as a URL I think is lovely as it says it all) https://www.who.int/china/news/detail/26-05-2021-who-and-the-chinese-national-health-commission-call-for-immediate-action-on-world-no-tobacco-day-and-urge-all-to-commit-to-quit https://www.who.int/china/news/detail/26-05-2021-who-and-the...
Which with political drive, could see things change rather fast and that for consumption would be a major market impact as currently the consumption in China alone sustains the market and be nice to see tobacco fields re-tasked for things like food in the years ahead.
Though like many, 2020 and the whole COVID-19 pandemic would certainly of had an impact and for some, they might of slipped back into the habit having given up, others may of taken it as opportunity to give up for health reasons and I suspect many overall will either give up or be motivated to give up for health reasons/concerns. With that in mind, it will be sure interesting too see the data over the years too come.