www.thailand-business-news.com ·
308648 southeast asia loses 13 billion to illicit tobacco trade as shadow market surges
Topic context
This topic has been covered 436376 times in the last 30 days across our monitored publishers.
The full article is on the original publisher site. This page only shows the headline and a very short excerpt.
AI insight
AI-generatedIllicit tobacco trade in Southeast Asia erodes government tax revenue and undermines legal tobacco and e-vape markets. The channel is regulatory (tax evasion) and demand_spike for illicit products due to affordability trap. Impact is region-specific (ASEAN-6). Legal tobacco companies (e.g., PMI, BAT) face volume and pricing power erosion in these markets.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- ASEAN-6 lost $13.07 billion in tax revenue over two years due to illicit tobacco.
- Philippines lost $2.46 billion; illegal cigarettes 25.3% of market, illegal e-vapes 85.6%.
- Illicit share projected to rise from 23.6% in 2025 to 27.8% by 2028.
Legal tobacco companies in ASEAN-6 face 2-4% volume decline over 1-4 weeks as illicit share grows.
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Sector impact at a glance
- CONSUMER_STAPLESmid
- EM_MARKETSmid
- EM_MARKETSshort
- GLOBAL_TOBACCOmid
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