Market Report, "Cigars in Guatemala", published

From: Fast Market Research, Inc.
Published: Thu Sep 18 2014

Cigars were first brought to Guatemala by European settlers during the country's colonial period. They never gained widespread popularity among the native population, however, and the local cigar smoking culture remains underdeveloped. According to industry sources, the consumer base for cigars in the country is mainly composed of mid-to-high income Guatemalans and foreign tourists. Relatively high prices limit demand for cigars among lower income consumers, who make up the majority of the population. In recent years, the development of the entire category has been further undermined by steady growth in contraband trade.

Competitive Landscape

Tabacos & Puros Finos remained the clear leader in cigars in 2013 with a retail volume sales share of 44%, followed by Omega Cigars SA and Flor de Copan with shares of 21% and 16% respectively. Tabacos & Puros Finos offers a wide assortment of local and imported brands at lower prices than its main competitors. In addition to producing and importing cigars, the company is also active in the retail sale of these products. At the end of the review period, it had seven retail outlets in strategic locations across the country. Omega Cigars is the exclusive Guatemalan distributor of the premium Cuban brand Habanos, while Flor de Copan offers the Santa Rosa and Flor de Copan brands.

Full Report Details at

Industry Prospects

Growth in retail volume sales of cigars over the forecast period is expected to be slightly faster than during the review period. A similarly modest improvement is projected in retail value sales growth at constant 2013 prices. While this is partly because the category is still emerging from a relatively low base, its performance will also be bolstered by growing interest in cigar smoking among younger Guatemalans. The latter trend will be strengthened by rising disposable incomes, new launches, POS promotions and improvements in distribution.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Cigars industry in Guatemala 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 Guatemala, our research will save you time and money while empowering you to make informed, profitable decisions.

The Cigars in Guatemala 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  

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