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This statistic highlights Altria’s Cigarette and Cigar Shipment Volume from 2016 onwards.
|Item||Q1 2021||Q1 2020||YoY Growth||Shipment Volume share in Q1 2021|
(All figures in millions, except percentages)
Altria’s primary segments are Smokeable products, oral tobacco products, and wine. Altria’s smokeable products are cigarettes and cigars. In Q1 2021, the total shipment volume was 22.49 billion sticks which have declined by 12% year-over-year from 25.45 billion sticks in Q1 2020, as the majority of the shipment volume comprises cigarette shipments which have declined in Q1 2021.
Cigarette shipment volume includes Marlboro; Other premium brands, and Discount brands. Altria’s wholly-owned subsidiary Philip Morris USA Inc. (“PM USA”) manufactures and sells Marlboro which is the largest cigarette selling brand in the United States for more than 45 years. Apart from Marlboro, Altria also sells other premium brands, such as Virginia Slims, Benson & Hedges, Parliament, and Nat’s. Discounted brands include Chesterfield, L&M, and Basic. Cigarette shipment volume includes units sold as well as promotional units.
In Q1 2021, cigarette shipment volume decreased by 12% year-over-year from 25.02 billion sticks in Q1 2020. Altria’s cigarette shipment volume was 22.01 billion sticks in Q1 2021 which is 98% of the total shipment volume. In Q1 2021, the total shipment of Marlboro was 19,415 million sticks, Other premium brands with 981 million sticks, and discounted brands with 1,618 million sticks. For the past 5 years, Altria’s cigarette shipment volumes have been on a decline.
The decline in cigarette shipment volume was primarily due to trade inventory movements, and due to industry rate decline. Cigarette industry volume is influenced by smoker’s stay-at-home practices, unemployment rates, fiscal stimulus, and consumer purchasing behavior.
Apart from cigarettes, Altria’s smokeable products also include cigars. John Middleton Co., a wholly-owned subsidiary of Altria, manufactures and sells machine-made large cigars. Most of its cigars are sold in the United States. Middleton’s principal cigar brand is Black & Mild.
In Q1 2021, Altria’s cigar shipment volume was 480 million sticks which make up 2% of Altria’s total shipment volume. Cigar shipment volume has increased by 11% year-over-year from Q1 2020. Over the last 5 years, Altria’s cigar shipment volumes have been on a rise, with Q1 2021 having the highest shipment volume of 480 million sticks.
Altria Group Inc. is an American-based company that was established in 1985 as Philip Morris Companies, Inc. which was later on renamed Altria Group Inc. Its headquarters is in Virginia in the United States. Common stocks of Altria are listed on the New York Stock Exchange under the trading symbol “MO”.
Altria is one of the largest manufacturers and marketers of cigarettes, tobacco, and other related products. Its wholly-owned subsidiaries are Philip Morris USA Inc., Sherman Group Holdings, LLC, and its subsidiaries, John Middleton Co., Smokeless Tobacco Company LLC, Ste. Michelle Wine Estates Ltd., Philip Morris Capital Corporation, Helix Innovations LLC, Burger Söhne Holding AG, and Altria Client Services LLC. Some of the major competitors of Altira Group Inc. are Altri, ENCE (ENCE Energia y Celulosa), Mitsubishi Hitachi Power Systems (MHPS), Franklin Electric, and SBM Offshore.
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