Disposable incomes are set to remain under strong pressure in Greece due to the hikes in living costs derived from the energy crisis and high inflation. This is likely to result in smokers becoming more price-sensitive, benefiting particularly price fighter cigarillos.
Declining smoking prevalence in terms of traditional tobacco products in Greece and the momentum of new generation tobacco products are set to intensify the competition to smoking tobacco. Fine cut tobacco is less volatile than cigarettes, as roll-your-own (RYO) smokers appear to be more loyal.
Having risen to the second-ranked player in cigars in retail volume terms, amidst portfolio investments, the domestic company Karelia Tobacco is set to be amongst the best performers over the forecast period in growth terms. Alongside an increase in market share in the domestic market, the company is expected to witness an increase in revenues derived from a strong focus on export activity.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Greece 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 Greece, 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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