Tobacco

Cigarettes are subject to strict regulations in China, and there is stable supply, setting it apart from other consumer goods. In 2022, cigarettes demonstrated stable retail current value growth in China, which was largely attributed to effective…

In 2022, retail volume sales of cigarettes remained fairly stagnant, seeing only a minor increase, with sales limited by the fact that smoking prevalence in Hong Kong has decreased over the years thanks to a series of tobacco control initiatives. The…

On 1 January 2022, the Indonesian government through the Finance Ministry announced an increase in the excise tax on cigarettes as part of efforts to curb consumption, especially among the country’s children and young consumers. The average increase…

Overall, economy and premium cigarettes gained retail volume share at the expense of mid-priced brands in 2022. The main reason for this trend was derived from high inflation, which drove high living costs and informed expenditure on cigarettes. Many…

The extension of smoking prohibited areas was implemented on 1 July 2022 to incorporate new premises. Smoking at reservoirs, selected public parks, and gardens was last revised in June 2016 in an effort to protect non-smokers who visit these areas…

In 2022, cigarettes saw a slight retail volume decline in South Korea. However, the decline was much more moderate compared with pre-COVID 19 years. The domestic market absorbed a great share of duty-free cigarettes. While borders reopened in 2022,…

The end of the COVID-19 era and the removal of associated restrictions led to a boost in cigarettes sales in 2022. Vietnamese consumers have re-embraced their out-of-home lifestyles and social activities, which has ultimately led to higher incidences…

The cigars category is still at a nascent stage in China, given the relatively low penetration rate. However, in 2022 cigars witnessed robust growth in retail volume terms, in particular driven by domestically produced hand-rolled cigars, thanks to…

In 2022, retail volume sales of cigars continued to fall due to supply and logistics issues, particularly for Cuban cigars. The shortages had a significant impact on the category as a whole, as the Hong Kong market heavily depends on Cuban cigars.…

The market for cigars and cigarillos remains fairly small in Indonesia, with the potential consumer base remaining somewhat limited. This is especially true for imported cigars which are sold at high prices which are generally only affordable to…