Japan Tobacco International and British American Tobacco control over 61% of sales and some 70% of the value of the cigarette market in Iran.
Iranian Parliament has approved an increase in tax rates for the retail sales of cigarette and tobacco.
The Iranian Tobacco Company (ITC) has extensive plans to boost output for cigarettes, shows a report, as demand for local brands surge amid lower imports and tighter controls on smuggling.
A total of 54.8 billion cigarettes were produced in the last fiscal year (March 2019-20), indicating a 13.7% growth compared with the year before.
Austria and Jordan joined the list of Iran’s export destinations for cigarettes for the first time in the year ending March 2020.