The cigars and cigarillos category is expected to see stable volume growth throughout the forecast period, benefiting from the recovery of inbound tourist arrivals and the hosting of large-scale MICE events. Nonetheless, 2024 may see a moderate slowdown in overseas arrivals as the country is set to hold its general election in the earlier part of the year.
Engagement with the existing high-end consumer base is likely to be a focus of manufacturers of cigars and cigarillos as they look to grow brand awareness in the forecast period. Indonesia experienced high inflation rates, particularly in 2023, which, coupled with persistently uncertain global economic and political conditions, are expected to affect the spending power and confidence of consumers in future years.
Fine cut tobacco, the main contributor to sales of smoking tobacco in the country, is expected to continue recording dynamic double-digit growth over the forecast period. A major factor in these projections is the greater affordability of fine cut tobacco versus smoking cigarettes.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Indonesia 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 Indonesia, 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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