According to Arab News, HanyAman, CEO of Eastern Tobacco Company, Egypt’s largest tobacco manufacturer, said that Egyptians use about 100 billion cigarettes a year, or about 18 percent of the country’s population. That’s the equivalent of inhaling 1,000 cigarettes a year, or three cigarettes a day out of 100 million Egyptians.
Demand increased sharply and prices rose sharply
Demand for tobacco in Egypt is growing rapidly and customers are speculating about new tax policies. Since June, the price of domestic tobacco has risen from 24 Egyptian pounds to 60 Egyptian pounds. Eastern Tobacco Company, Egypt’s domestic tobacco manufacturer, annual production of 70 billion, accounting for about 75% of the Egyptian market.
To reduce shortages and increase production
To ease the tobacco shortage, Eastern Tobacco has recently increased its tobacco production, Ammann said. He urged customers not to buy more than they actually needed and to avoid hoarding. He also said prices would return to normal in 3-4 weeks.
According to the World Health Organization (WHO), about 80 percent of the world’s 1.3 billion cigarette users live in low – and middle-income countries. It is estimated that 8 million people die each year from cigarette use, of which 1.2 million die from second-hand smoke exposure.