Looking forward, the outlook looks to be fairly bleak for smoking tobacco. In the short term, demand could suffer from the introduction of plain packaging regulations, which are due to come into force in May 2023.
Finland has a high per capita consumption of cigarillos and the subcategory is expected to keep its loyal consumer base over the forecast period, supported by its wide distribution network.
The trend of consistent tax increases for tobacco products, including cigars, cigarillos and smoking tobacco, will continue over the forecast period Between 2022 and 2023, the excise duty on fine cut tobacco is expected to increase by 40%, resulting in a hike in retail prices. Pipe tobacco, meanwhile, is expected to see a 24% increase in taxation, while cigars and cigarillos are set to see a 31% rise.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Finland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cigars, Cigarillos and Smoking Tobacco industry in Finland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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