From 2023 onwards, cigars and cigarillos is expected to see continued year-on-year growth in the forecast period, though it is not expected to return to pre-pandemic levels in either volume or constant value terms by 2027. As long as the current economic instability endures in the mid-term, cigarillos will benefit from its competitive price positioning compared to Cuban and Dominican cigars, which retail at premium and super premium prices.
Over the forecast period, more product offerings are expected to enter the cigars and cigarillos landscape, looking to attract consumer interest through innovation, boosting sales. For example, the launch of Tabacalera Sarandi of Phillies in natural, mixed grape and black flavours in September 2022 boosted interest and complemented the seven flavours in the brand portfolio.
If the newly elected government apply more flexible import measures, smoking tobacco is set to sustain positive but gradually slowing retail volume growth throughout the forecast period. Fine cut tobacco, which is responsible for a significant majority of smoking tobacco, is forecast to keep gaining ground against cigarettes, driven by the entry of cigarette smokers who are looking for products that they view to be less harmful than cigarettes, such as organic offerings.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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