The cigarette boom observed in the United States during the COVID-19[female[feminine The pandemic appears to have ended this summer, according to a new report.
Data published by Altria Group, the largest cigarette company in the United States – which accounts for half of sales in the country – shows third-quarter sales fell 6.5% in 2021 compared to the same period last year.
It marks the potential end of a peak in sales for the cigarette industry after 2020 saw purchases increase for the first year in nearly two decades with years of thelegislation and public campaigns to reduce smoking around the world are largely successful.
Altria reports that there were more than $ 7 billion in cigarette sales in the third quarter of 2020, compared to just $ 6.7 billion in the same part of 2021.
Cigarette sales fell 6.5% in the third quarter of 2021 compared to the same period in 2020, from 7.1 billion in sales last year to 6.7 billion this year
The number of cigarettes purchased by wholesalers and retailers rose from 202.9 billion in 2019 to 203.7 billion in 2020, an increase of 0.4%, reports the FTC.
Experts told the the Wall Street newspaper that smokers with more free income in 2020 – because the pandemic prevented them from spending money on other things – caused them to smoke more, alone at home, increasing sales last year.
Cigarette sales have steadily declined for decades, and the last time there was a single year-over-year increase was in 2004.
In 2020, throughout the year, sales were up 0.4% from 2019, according to Federal Trade Commission data released last week.
Another potential reason reported for the increase in cigarette sales is declining access to vape and e-cigarette products due to increased regulations.
The Food and Drug Administration may also ban certain vaping products in the near future, which could cause more users to turn to cigarettes.
Research has shown that the increase in cigarette sales last year was not due to an increase in the number of smokers, but rather an increase in the amount of cigarettes smoked by existing customers.
A team of Massachusetts General Hospital found that smokers who were more stressed from the pandemic turned more to cigarettes.
Some who feared that the lung damage caused by the virus would however give up this habit, or at least smoke less often.
Altria also told the Journal that some stimulus or unemployment funds are believed to have been spent on cigarettes, as there was not much else to do with the funds for some.
“They’re going out more and they’re using their discretionary income for other things,” Billy Gifford, an executive at Altria, told the Journal.
The phenomenon of increasing cigarette sales was, however, an event exclusive to the United States, with other countries not having experienced similar bumps.
Officials and advocacy groups in the United States – and around the world – have worked to reduce smoking levels for decades.
Experts found that there was no increase in the number of smokers in 2020, only those who smoked began to buy more cigarettes. This is believed to be due to the stress caused by the pandemic and more free income to spend
The Centers for Disease Control and Prevention (CDC) reports that smoking is the leading preventable cause of death and illness in the United States, and that 16 million Americans are living with at least one smoking-related illness.
Smoking can dramatically increase a person’s risk of developing lung cancer, heart disease, asthma, or a variety of other conditions.
It is estimated that 34 million Americans – about 10 percent of the population – smoke cigarettes.
The last increase in sales was in 2004, when the industry sold $ 361.3 billion worth of cigarettes, up from $ 360.5 billion in 2003.