Philip Morris raises produce shipments in Ukraine by 14.7% in 2016
Philip Morris International Inc. (PMI), one of the world's largest manufacturers of tobacco products, 2016 increased shipments of cigarettes in Ukraine by 14.7%in 2016, to 22.014 billion pieces.
According to an annual report published on Thursday, for the full year, the estimated total cigarette market increased by 2.9%, to 72.7 billion pieces, mainly driven by a lower prevalence of illicit trade.
The company said that in Q4 2016 the estimated total cigarette market decreased by 6.4%, to 17 billion pieces, principally driven by the impact of price increases in 2016. PMI shipments in Q4 2016 fell by 0.5%, to 4.8 billion cigarettes.
The PMI share of the Ukrainian market in 2016 narrowed by 0.1 percentage points, to 29.9% due to a decline of the Marlboro brand's share by 0.6 percentage points, to 3.2% and the share of other PMI brands – by 1.4 percentage points, to 13.6%. Bond Street share grew by 1.8 percentage points, to 10.1% and Parliament – by 0.1 percentage points, to 3%.
Philip Morris International is one of the world's largest manufacturers of tobacco products. It produces cigarettes at more than 50 factories, sells them in 160 countries.
The company has been operating in Ukraine for more than 15 years. It manufactures products at the factory in Kharkiv region.