Cigars and cigarillos will register a healthy increase in volume sales over the forecast period. In addition, even if inflation remains high, this will not negatively impact sales, as smokers are mainly higher-income consumers and are less price sensitive.
Fine cut tobacco will continue benefiting from consumers switching from cigarettes to fine cut tobacco consumption, as cigarette prices continue to increase, with further excise duty planned until at least 2025. This will encourage price sensitive consumers to purchase less expensive fine cut tobacco.
Tobacco specialist retailers dominate the distribution of cigars, cigarillos and smoking tobacco in Serbia, and this is unlikely to change during the forecast period. Most grocery specialist retailers do not stock these products, and even when they do, the range of products that they offer tends to be very limited.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Serbia 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
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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