tobacco market
tobacco demand elasticity
tobacco tax europe

Elasticity of Tobacco Products

Estimated price elasticities for selected SEE countries vary from 0.44 in Croatia up to 0.83 in Bosnia-Herzegovina, which means that increase in prices of cigarettes for 10% per pack will lead to decrease in consumption of cigarettes by 4.4%-8.3%

Tobacco alt text

Tobacco Market

The total annual number of cigarettes produced in selected SEE countries increased from 36,100 million sticks in 2013 to 52,000 million sticks in 2017, while raw tobacco yields have decreased from 50,300 t to 42,500 t indicating rapid growth of its imports to satisfy growing needs of the industry

Tobacco alt text

Tobacco Taxation and Pricing

The total excise tax per cigarette pack, among selected SEE non-EU countries, varies from 0.79€ in Macedonia up to 1.55€ in Bosnia-Hercegovina, while the EU Directive 2011/64/EU requires it to be at least 1.9€

Tobacco alt text