Over the forecast period, the product area is poised to witness a double-digit volume Compound Annual Growth Rate (CAGR), albeit at a notably lower rate compared to the review period. This growth trajectory is anticipated to be primarily driven by the performance of fine-cut tobacco, which is expected to resonate with consumers seeking more affordable alternatives to cigarettes.
In 2024, a reduction in pipe tobacco sales volume is expected due to new regulations mandating sales exclusively in 25-gram packages as opposed to bulk packages. Consequently, this change is likely to result in an increase in average unit prices.
During the forecast period, the volume growth of cigars and cigarillos is forecasted to experience a double-digit CAGR. This optimistic projection is largely attributed to the anticipated amelioration of economic conditions within the country.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Turkey 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 Turkey, 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.
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