In 2022, the tobacco industry in South Korea experienced surprisingly strong current value growth. While cigarettes in South Korea saw a slight retail volume decline, this became much more moderate compared with pre-COVID-19 years, and value sales increased.
Heated tobacco products was a star in the South Korean tobacco industry in 2022. The category, which has shown continuous growth since its first launch in 2017, saw further significant growth in 2022.
In 2022, KT&G Corp maintained its strong position in tobacco. Not only did it maintain a dominant share in its traditionally strong category of cigarettes, but the local tobacco manufacturer also continued to lead tobacco hearting devices, and experienced an increase in its share in heated tobacco.
Convenience stores maintained the leading position in tobacco distribution in 2022. In South Korea, retailers are required to have a special tobacco license to sell cigarettes to consumers.
Cigarettes is expected to be unable to avoid further declines in volume sales in the forecast period, as negative perceptions about the strong smell of cigarette smoke are expected to hinder sales. Furthermore, with overseas travel showing an upwards trend, and duty-free cigarettes starting to replace local sales once again, sales of cigarettes in South Korea are expected to see a decline over the forecast period.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Tobacco industry in South Korea 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Tobacco industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Tobacco
Passport Tobacco covers the seven major tobacco categories: Cigarettes, Cigars & Cigarillos, Smoking tobacco (made up of Pipe tobacco and RYO tobacco), Smokeless Tobacco (snuff and chewing tobacco), E-Vapour Products (closed and open); Heated Tobacco; and Tobacco Free Oral Nicotine. Smoking paraphernalia such as pipes, rolling papers, lighters or matches, etc., are not included, nor are nicotine replacement therapy (NRT) products, which are part of Euromonitor's Passport Consumer Healthcare database.
See All of Our DefinitionsThis report originates from Passport, our Tobacco research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!