picture of tobacco plant drawing Illustration Engraving Ink Stock Vector (Royalty Free) 1205426206 Tobacco plant, 18th century illustration
Description
While the $3.5 billion industry represents a tiny slice of the $100 billion market for traditional tobacco products, leading industry analysts predict sales of e-cigarettes will eventually surpass traditional cigarettes, in part because of their popularity among youth
No insurance needed
Overall, tobacco is of tremendous economic importance for the small nation, currently making up roughly 55% of total exports and earning the country 60% of its foreign revenues
A 2022 study in the US found the price elasticity of e-cigarettes was 2.2, compared to 0.4 for combustible cigarettes
