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Liquor and Tobacco Product Wholesaling in New Zealand - Market Research Report (2015-2030)

Michael Doyle Michael Doyle Melbourne, Australia Last Updated: July 2025 ANZSIC F3606NZ

Revenue

$4.0bn

2025-26

$4.0bn

Past 5-Year Growth

Profit

$XXX.Xm

Employees

1,519

Businesses

299

Wages

$XXX.Xm

Liquor and Tobacco Product Wholesaling in New Zealand industry analysis

Over the past five years, New Zealand’s Liquor and Tobacco Product Wholesaling industry has contended with sharply falling smoking and alcohol consumption rates, driven by public health campaigns, regulatory measures like the Smokefree 2025 initiative and annual excise tax hikes. As tobacco products become less affordable, daily smoking rates have fallen from 15.9% of adults in 2013-14 to just 6.9% in 2023-24, according to Ministry of Health (Manatū Hauora) data, driving down sales and market share for tobacco wholesalers. Per capita alcohol consumption has also dropped because of rising health consciousness, ongoing excise tax increases and changing social attitudes towards drinking. Industry profit margins have improved, underpinned by premiumisation strategies, investment in higher-margin products and more efficient supply chains. Revenue is expected to slip by an annualised 4.1% over the five years through 2025-26, to an estimated $3.9 billion. This includes an anticipated climb of 1.4% in 2025-26, as discretionary incomes rebound.

Trends and Insights

  • Smoking rates have plunged following public health efforts and regulatory changes. Comprehensive anti-smoking initiatives and higher excise taxes have pushed down the number of daily smokers, reducing sales for cigarette wholesalers and shifting demand towards substitutes and lower-priced alternatives.
  • Cigarette sales have declined significantly due to health campaigns and higher excise taxes. Consumers are increasingly aware of smoking’s health risks and are deterred by rising prices, driving a shift towards roll-your-own and alternative tobacco products.
  • Being located close to key markets reduces transportation time and costs for wholesalers. Wholesalers can also generate more revenue in regions that have larger populations.
  • Liquor and tobacco products are largely homogeneous. Wholesalers with distribution rights for specific and premium brands have a competitive advantage over generic product wholesalers.
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Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has declined at a CAGR of 4.1 % over the past five years, to reach an estimated $4.0bn in 2025.

Trends and Insights

Smoking rates have plummeted over the past decade

  • Smoking rates in New Zealand have declined dramatically over the past decade, largely as a result of sustained public health campaigns and government intervention. The Ministry of Health (Manatū Hauora), in collaboration with the Central Government (Te Kāwanatanga o Aotearoa), has driven these efforts through the Smokefree 2025 initiative, which was launched in 2011 with the ambitious goal of reducing national smoking rates to less than 5.0% by 2025. Rising excise taxes, initially increasing by 10.0% annually from 2010 to 2020 and then indexed to inflation from 2020 onward, have also contributed to a decline in smoking rates by making tobacco products less affordable.
  • Additional trends and insights available with purchase
Liquor and Tobacco Product Wholesaling in New Zealand
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to grow over the next five years.

Trends and Insights

Declining per capita alcohol consumption will challenge revenue growth

  • Per capita alcohol consumption in New Zealand is forecast to continue its prolonged decline, reflecting a broader societal shift towards wellness and moderation. Rising health awareness and stronger messaging around alcohol-related risks will continue to encourage consumers to cut back, boosting demand for non-alcoholic and low-alcohol alternatives. Annual excise tax increases, indexed to the Consumer Price Index (excluding credit services), will continue reducing affordability.

Biggest companies in the Liquor and Tobacco Product Wholesaling in New Zealand

Company
Market Share (%)
2026
Revenue ($m)
2026
Imperial Tobacco
579.6
Philip Morris (New Zealand)
344.9
Tasman Liquor
284.1

To view the market share and analysis for all 6 top companies in this industry, view purchase options.

Products & Services Segmentation

Liquor and Tobacco Product Wholesaling in New Zealand
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Cigarettes, Wine and Spirits. Cigarettes is the largest segment of the Liquor and Tobacco Product Wholesaling in New Zealand.

Trends and Insights

Health-conscious consumers are changing wine consumption trends

  • Wine is a popular alcoholic beverage derived from fermented grapes. The most common wine varieties in the country are sauvignon blanc, pinot gris and pinot noir.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Wholesalers primarily distribute liquor and tobacco products. These goods are purchased from manufacturers and sold to various retail distributors, including licensed venues, liquor stores, supermarkets, grocery stores, convenience stores, tobacconists and other outlets. Businesses that wholesale liquor and tobacco products and other grocery items are excluded from this industry.

What's included in this industry?

Products and services covered in the Liquor and Tobacco Product Wholesaling industry in New Zealand include Cigarettes, Wine, Spirits, Roll-your-own cigarettes, Beer, Ready-to-drink spirits, Cigars, Pipe tobacco and Cider.

Companies

Companies covered in the Liquor and Tobacco Product Wholesaling industry in New Zealand include Imperial Tobacco, Philip Morris (New Zealand) and Tasman Liquor.

Purchase this report to view all 6 major companies in this industry.

Related Terms

Related terms covered in the Liquor and Tobacco Product Wholesaling industry in New Zealand include ecigarette, ready-to-drink (rtd) and spirits.

Industry Code

ANZSIC 2006

ANZSIC 3606 - Liquor and Tobacco Product Wholesaling in New Zealand

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Smoking rates have plunged following public health efforts and regulatory changes. Comprehensive anti-smoking initiatives and higher excise taxes have pushed down the number ...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Cigarette sales have declined significantly due to health campaigns and higher excise taxes. Consumers are increasingly aware of smoking’s health risks and are deterred by ri...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Being located close to key markets reduces transportation time and costs for wholesalers. Wholesalers can also generate more revenue in regions that have larger populations.

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2025

Tables

  • Number and share of establishments in each region in 2025
  • Number and share of revenue each region accounts for in 2025
  • Number and share of wages each region accounts for in 2025
  • Number and share of employees in each region in 2025

Detailed analysis

  • Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Liquor and tobacco products are largely homogeneous. Wholesalers with distribution rights for specific and premium brands have a competitive advantage over generic product wh...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2020-2025
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Large multinational companies dominate the Liquor and Tobacco Product Wholesaling industry. Their substantial market share underscores their influence on industry operations,...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2021 through 2025
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2025
  • Overview of Imperial Tobacco's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Philip Morris (New Zealand)'s performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Tasman Liquor's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of revenue, market share and profit margin trend for 3 additional companies

Detailed analysis

  • Description and key data for Imperial Tobacco, and factors influencing its performance in the industry
  • Description and key data for Philip Morris (New Zealand), and factors influencing its performance in the industry
  • Description and key data for Tasman Liquor, and factors influencing its performance in the industry
  • Description, key data and performance trends for 3 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Excise duty regulations significantly influence liquor and tobacco wholesalers' pricing strategies and market dynamics. Age restrictions under the Smokefree Environments and ...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2015-2030) 
  • Assistance historical data and forecast (2015-2030) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Profit margins have improved due to premiumisation and moderation of excise tax increases. Selling higher-margin products and reduced excise tax growth on tobacco have allowe...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2015-2030)
  • Revenue per Employee (2015-2030)
  • Revenue per Enterprise (2015-2030)
  • Employees per Establishment (2015-2030)
  • Employees per Enterprise (2015-2030)
  • Average Wage (2015-2030)
  • Wages/Revenue (2015-2030)
  • Establishments per Enterprise (2015-2030)
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Liquor and Tobacco Product Wholesaling industry in New Zealand in 2025?

The market size of the Liquor and Tobacco Product Wholesaling industry in New Zealand is $4.0bn in 2025.

How many businesses are there in the Liquor and Tobacco Product Wholesaling industry in New Zealand in 2025?

There are 299 businesses in the Liquor and Tobacco Product Wholesaling industry in New Zealand, which has declined at a CAGR of 0.1 % between 2020 and 2025.

How may import tariffs affect the Liquor and Tobacco Product Wholesaling industry in New Zealand?

The Liquor and Tobacco Product Wholesaling industry in New Zealand is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Liquor and Tobacco Product Wholesaling industry in New Zealand?

The Liquor and Tobacco Product Wholesaling industry in New Zealand is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Liquor and Tobacco Product Wholesaling industry in New Zealand grown or declined over the past 5 years?

The market size of the Liquor and Tobacco Product Wholesaling industry in New Zealand has been declining at a CAGR of 4.1 % between 2020 and 2025.

What is the forecast growth of the Liquor and Tobacco Product Wholesaling industry in New Zealand over the next 5 years?

Over the next five years, the Liquor and Tobacco Product Wholesaling industry in New Zealand is expected to grow.

What are the biggest companies in the Liquor and Tobacco Product Wholesaling industry in New Zealand?

The biggest companies operating in the Liquor and Tobacco Product Wholesaling industry in New Zealand are Imperial Tobacco, Philip Morris (New Zealand) and Tasman Liquor

What does the Liquor and Tobacco Product Wholesaling industry in New Zealand include?

Cigarettes and Wine are part of the Liquor and Tobacco Product Wholesaling industry in New Zealand.

Which companies have the highest market share in the Liquor and Tobacco Product Wholesaling industry in New Zealand?

The company holding the most market share in the Liquor and Tobacco Product Wholesaling industry in New Zealand is Imperial Tobacco.

How competitive is the Liquor and Tobacco Product Wholesaling industry in New Zealand?

The level of competition is moderate and increasing in the Liquor and Tobacco Product Wholesaling industry in New Zealand.

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in New Zealand include:

  • Statistics New Zealand
  • New Zealand Company Register
  • Ministry of Business, Innovation & Employment

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.

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