Global tobacco trade loses 8% during COVID-19

Data and analytics company GlobalData has reported that sales of tobacco products in 2020 will be at least 8% below where they would have been without the COVID-19 pandemic. The decline in sales is expected to cost the tobacco industry an estimated $56bn. The projected loss is likely to be higher for cigarettes than for other forms of tobacco at 11%. Global declines in smoking have been attributed to people quitting smoking because of respiratory health concerns related to COVID-19.