Demand for larger cigars is expected to fall among the population of the Dominican Republic over the forecast period, with the high prices charged for these products expected to count against them as the cost of living continues to increase. Many consumers in the Dominican Republic are expected to experience declining purchasing power over the forecast period due to higher prices across a wide range of fmcg and essential services, with salary levels not having had enough time to adjust accordingly.
The forecast period is expected to see cigarillos continue to struggle to find a following among consumers om the Dominican Republic. Among the major factors undermining demand for these products is their limited supply, which is a reflection of the low demand for cigarillos generally among the local population.
As consumer demand for more premium tobacco products has slowed in recent months as a result of rising prices and stagnant income levels, it is clear that more time will be needed for the prevailing market conditions to stabilise. As a result, the premiumisation trend that was previously highly evident in cigars appears to be cooling significantly as local consumers grapple with the rising cost of living and significant increases in the prices charged for essential products and services.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Dominican Republic 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
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