The forecast period anticipates negative growth in volume sales of cigars, cigarillos, and smoking tobacco categories in Latvia. This decline is primarily attributed to shifting consumer habits, particularly among younger demographics, who perceive traditional tobacco products as outdated.
Despite overall market challenges, fine cut tobacco emerges as a resilient category poised for positive volume growth over the forecast period. The category's reputation for offering value for money is expected to resonate with consumers seeking cost-effective alternatives to cigarettes, especially amidst increasing excise taxes.
While daily consumption of cigars remains negligible, opportunities exist within niche markets, particularly in the premium segment. Sales through cigars clubs and for special occasions such as stag parties may sustain demand for premium cigars.
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 Cigars, Cigarillos and Smoking Tobacco industry in Latvia 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 Latvia, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!