In the forecast period, it is expected that cigarillos will become a more popular choice amongst smokers in Hong Kong, due to the novel smoking experience they provide and their accessibility. Since the introduction of the blanket ban on alternative smoking products, including e-vapour products and heated tobacco products, the choice of tobacco products in Hong Kong has become very limited.
It is expected that cigars will continue its current value growth trajectory in the forecast period, due to increasing demand and the unstable supply of Cuban cigars. It is the industry consensus that the supply of Cuban cigars is recovering from the impacts of the COVID-19 pandemic at a relatively slow pace.
In the forecast period, the more diverse customer base will offer opportunities for growth in cigars, while also presenting certain challenges to players. Cigars, being perceived as a luxury item, are traditionally associated with affluent consumers and the expatriate community.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Hong Kong, China 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 Hong Kong, China, 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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