The market for cigars, cigarillos, and smoking tobacco will continue to see healthy performance in constant value terms (2023 prices) over the forecast period. In the case of fine-cut tobacco, growth will be boosted by a continued shift among price-sensitive consumers towards more economical options, given recent excise tax increases, which have led to a rise in the cost of cigarettes.
Cigars will most likely retain its positioning in Thailand as a premium product during the forecast period. The target audience for cigars is an affluent niche for whom price rises stemming from higher taxes can be more easily absorbed, especially amongst avid collectors.
The Department of Disease Control is proposing new regulations for tobacco products, including cigars and cigarillos, which will align with recommendations from the World Health Organisation. These regulations will permit the inclusion of essential additives, such as menthol, clove, cocoa and other sweeteners, while non-essential ingredients in the production process that may increase addiction or pose health risks will be prohibited.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Thailand 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 Thailand, 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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