Friday November 22, 2019

Cigarette sales up in smoke as vaping takes over market

Data seen by The Sunday Business Post show that the volume of cigarette sales had fallen by almost 5 per cent by the middle of June

By Ian Guider

Markets Editor

@ianguider
18th August, 2019

Major tobacco companies have made large investments in vaping Picture: Getty

Cigarette sales have plunged this year, as higher tax and the surge in popularity of vaping begin to damage tobacco companies.

Data seen by The Sunday Business Post show that the volume of cigarette sales had fallen by almost 5 per cent by the middle of June.

The pace of decline has accelerated in the last number of months, and in the 12 weeks to the middle of June sales had dropped by 8 per cent.

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