烟草库存减少,因为更严格的全球管制超过了电子香烟的增长。 Tobacco stocks decline as stricter global controls outweigh growth in e-cigarettes.

自2016年以来,烟草库存的市场表现不佳,香烟消费和实际收入下降。 Since 2016, tobacco stocks have underperformed the market, with cigarette consumption and real revenues declining. 这项研究分析了九家主要烟草公司,将衰退与全球更加严格的烟草控制措施联系起来。 The study, analyzing nine major tobacco companies, links the downturn to stricter tobacco control measures globally. 虽然电子香烟和加热烟草等产品已经出现,但其增长并未抵消传统烟草销售量的下降,表明该行业的未来充满挑战。 While products like e-cigarettes and heated tobacco have emerged, their growth has not offset the decline in traditional tobacco sales, suggesting a challenging future for the industry.