$14.3bn
$X.Xbn
2,815
286
$XXX.Xm
Canada's Cigarette and Tobacco Product Wholesaling industry has surpassed major obstacles and successfully adapted to new consumer trends and client procedures. Federal and provincial governments have levied higher excise taxes on cigarette products to raise tax revenue and reduce tobacco consumption. To sustain profit amid declining sales volumes, cigarette manufacturers have consistently raised product prices, allowing wholesalers to raise their prices. Also, major manufacturers have improved distribution networks, supporting sales. Industry revenue is, overall, expected to expand at a CAGR of 0.6% over the past five years to reach $9.5 billion in 2024, despite a 2.6% dip in 2024.
Industry revenue has grown at a CAGR of 9.1 % over the past five years, to reach an estimated $14.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Imperial Tobacco Canada Limited | 3,722.8 | 317.5 | 8.5 | |
Core-Mark | 1,253.7 | 14.4 | 1.1 |
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Industry revenue is measured across several distinct product and services lines, including Premium cigarettes, Mid-priced cigarettes and Economy cigarettes. Premium cigarettes is the largest segment of the Cigarette & Tobacco Product Wholesaling in Canada.
Premium cigarettes suffered from rising excise taxes
The Cigarette and Tobacco Product Wholesaling industry in Canada acquires packaged cigarettes and other tobacco products from manufacturers and sells the goods to various retail stores, such as supermarkets, convenience stores, specialized tobacco stores and bars. They may also sell to other wholesalers. The sales and distribution offices of tobacco product manufacturers are included in this industry.
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NAICS 413310 - Cigarette & Tobacco Product Wholesaling in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Cigarette and Tobacco Product Wholesaling industry in Canada endured an environment of stiff government regulation and unfavourable consumer trends. The industry depends ...
Learn about an industry's products and services, markets and trends in international trade.
Due to the price inelasticity of the industry's products, demand for economy cigarettes slightly increase since smokers will still seek to purchase cigarettes due to their add...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Data from Canadian Business Patterns reveals that most tobacco wholesalers are located in Canada's two most populous provinces, Quebec and Ontario. These two territories are ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry has experienced rising competition from tobacco manufacturers. Manufacturers' wholesale divisions have numerous advantages over independent tobacco distributors ...
Learn about the performance of the top companies in the industry.
Two large companies, including Imperial Tobacco Canada and Core-Mark, dominate the industry. Imperial Tobacco Canada alone controls nearly 50.0% of industry revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Due to the adverse health consequences of inhaling tobacco smoke, the Cigarette and Tobacco Product Wholesaling industry in Canada is heavily regulated at the federal, provinc...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The Cigarette and Tobacco Product Wholesaling industry in Canada has a cost structure that is broadly consistent with other nondurable goods wholesaling industries. Specifica...
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Cigarette & Tobacco Product Wholesaling industry in Canada is $14.3bn in 2024.
There are 286 businesses in the Cigarette & Tobacco Product Wholesaling industry in Canada, which has grown at a CAGR of 5.2 % between 2019 and 2024.
The market size of the Cigarette & Tobacco Product Wholesaling industry in Canada has been growing at a CAGR of 9.1 % between 2019 and 2024.
Over the next five years, the Cigarette & Tobacco Product Wholesaling industry in Canada is expected to grow.
The biggest companies operating in the Cigarette & Tobacco Product Wholesaling market in Canada are Imperial Tobacco Canada Limited and Core-Mark
Distributing cigarettes and Distributing cigars are part of the Cigarette & Tobacco Product Wholesaling industry.
The company holding the most market share in Canada is Imperial Tobacco Canada Limited.
The level of competition is high and steady in the Cigarette & Tobacco Product Wholesaling industry in Canada.