Mexican consumers continued to spend more time at home than normal as a result of the COVID-19 crisis in 2021, with companies remaining flexible about working from home and many activities continuing to be restricted.
There was a noticeable increase in demand for cigars and cigarillos in the US market, which disrupted the availability of products in the rest of the world. Some companies decided to focus on the valuable US market and stopped their shipments to other countries, affecting supply in markets such as Mexico.
Overall demand for cigars, cigarillos and smoking tobacco is relatively small in Mexico, as is the number of national brand owners. Four significant companies dominate cigars and cigarillos.
The cigars, cigarillos and smoking tobacco category is expected to face a major challenge due to the limited availability of products during the forecast period. The accelerated growth in demand observed in the US and disruptions in the supply chain resulting from the COVID-19 crisis are likely to impact the category.
Despite the potential challenges to supply, cigars, cigarillos and smoking tobacco is expected to register positive volume growth over the forecast period, driven by the revival of more normal social and economic activity and, particularly, the return of social gatherings. Population growth will play a key role in sustaining demand, as general smoking prevalence declines.
Smoking tobacco is expected to see its development constrained by the prominent health and wellness trend during the forecast period. Health risks associated with smoking tobacco are expected to remain top of mind amongst consumers who have seen their focus on health, and particularly respiratory health, sharpened by the experiences of the COVID-19 crisis.
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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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