"Cigars in Latvia" Published

From: Fast Market Research, Inc.
Published: Mon Sep 15 2014

The development of cigars in Latvia could be tracked back to Soviet era, when Pogar cigarettes and cigar manufacturers started to produce cigars during World War II. However, regular Latvians remained unaware of cigars' existence up until 1960s, when Cuban cigars were brought to the Soviet Union. The close political relationship between two Communism countries brought to Soviet consumers such brands as Partagas, Cabanas, Montecristo, Belinda and Romeo y Julieta. However, cigars were still only available in limited quantities and with few stores actually offering them in the whole of Latvia. As a result, cigars started to gain awareness and raise interest among average consumers only in late 1990s, when Tabakas Nams Grupa started to expand its network of specialised tobacco stores.

Full Report Details at
- http://www.fastmr.com/prod/872454_cigars_in_latvia.aspx?afid=301

Competitive Landscape

Corporacion Habanos dominated sales of cigars excluding cigarillos with 61% volume share in 2013. Success of the company is defined by its flagship brands such as Romeo y Julieta, Cohiba, Partagas, Montecristo, and Guantanamera. The success is derived from the performance of Tabaks Nams Grupa distributor and the largest retailer of smoking tobacco and cigars. The company operated more than 20 specialist stores in Latvia and also supplies other retailers and distributors with cigar products.

Industry Prospects

Over the forecast period, the performance for cigars and cigarillos is expected to be rather stable. Increases in taxes expected have a moderating effect on growth. There is an increasing audience for lower end and standard price segments expected to drive the performance of cheaper and new products. Meanwhile, a declining population and declining smoking prevalence is expected to limit possible growth.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Cigars industry in Latvia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Cigars industry in Latvia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Cigars in Latvia market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth  
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Cigars in Latvia?

About Fast Market Research

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You may also be interested in these related reports:

- Cigars in Finland
- Cigars in Portugal
- Cigars in Spain
- Cigars in Canada
- Cigars in Estonia

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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