For the first time since 2015, cigarettes sees positive growth in retail volume terms. With circuit breaker measures kicking in (the government’s efforts to curb community COVID-19 transmission), Singapore residents are asked to work and study from home.
In 2020, the COVID-19 situation led to economic uncertainty and income instability. With Singapore being a small and open economy, it was more adversely affected than some other countries by regional economic downturns.
In 2020, like many other countries worldwide, Singapore restricted cross-border movement as much as possible to prevent uncontrolled transmission of COVID-19. As a result, illicit trade of cigarettes was hit hard, as most of the illicit dealers come to Singapore via social visit passes, which are tightened greatly during the pandemic period.
Over the forecast period, it is expected that the Singapore government will implement a further increase in tobacco tax, which last saw a 10% increase in 2018. Such a tax increase is expected as the tax revenue contributes towards partially rebuilding the national reserve from which various stimulus packages have been withdrawn during the pandemic in 2020.
As mentioned above, after completing the three-year plan of raising the minimum legal age to 21, the Singapore government is likely to engage in other measures to limit tobacco consumption among Singapore residents. One of which might be regulation of flavoured cigarettes, which has been promoted by many local health specialists and anti-smoking advocates.
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Understand the latest market trends and future growth opportunities for the Cigarettes industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This report originates from Passport, our Cigarettes research and analysis database.
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