"Cigars in Taiwan" Published

Traditionally, cigars and cigarillos are smoked by affluent and sophisticated consumers as well as businessmen who frequent cigar smoking clubs. They are usually older affluent men over 40 years old. However, over the years, with wider availability, the average consumer is now even able to pick up a cigarillo at convenience stores. There are also an increasing number of younger men between 30 to 40 years old smoking luxury cigars. Businessmen from Mainland China does not form the bulk of cigar smokers in Taiwan, while there is a substantial number of businessmen from Hong Kong and Singapore who contribute to demand of cigars in Taiwan.

Competitive Landscape

All cigars are imported from foreign countries, mostly from the US, Cuba and Germany. Cigars from Cuba are well-known for their quality, so these brands are usually positioned in the premium segment. Cigars from Germany are positioned in the mid-priced segment.

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Industry Prospects

Cigars is expected to increase by a retail volume CAGR of 2% over the forecast period. Regulations such as an expected increase in VAT for tobacco in Taiwan over the forecast period are not expected to affect demand for cigars drastically. This is because the proportion of the unit price accounted for by taxes is not as significant as that for cigarettes. Moreover, cigars and cigarillos represents a niche category, with a highly specific clientele usually the affluent and sophisticated ones or businessmen.

Report Overview

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

The Cigars in Taiwan 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 Taiwan?
* What are the major brands in Taiwan?
* What are the main distribution channels for cigars in Taiwan and which are performing well?
* What is the proportion of hand-made versus machine manufactured cigars in Taiwan?

Reasons to Get this Report

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