New Market Report: Cigars in South Korea

In South Korea, the cigar market is not much developed yet and its volume sales continue to decline due to negative effects from unofficial purchasing through internet retailing. In 2013, standard cigars recorded retail volume sales of only 0.1 million sticks and cigarillos accounted for sales of only 0.5 million sticks. Retail volume sales of both categories declined in 2013, by 4% and 5%, respectively.

Competitive Landscape

Corporacion Habanos maintained the largest volume share of 35% in 2013 within cigars excluding cigarillos. Amongst its brands, Cohiba, Montecristo and Romeo y Julieta remained the most popular and famous brands and the former two brands increased their retail volume shares marginally. They are distributed through luxury channels such as hotels, bars and cigar specialists operated only for members.

Full Report Details at
- http://www.fastmr.com/prod/946321_cigars_in_south_korea.aspx?afid=301

Industry Prospects

Retail volume sales of cigars are expected to decrease at a CAGR of -4% over the forecast period. Its market size will reach only 0.5 million sticks in 2018 with both standard cigars and cigarillos decreasing constantly. In South Korea, the price of cigars is too expensive when compared to that of cigarettes, so consumers will continue to hesitate to try cigars over the forecast period. Therefore, leaving aside dedicated cigar smokers, it will be difficult for new consumers help the market to show positive growth rate.

Report Overview

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

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

Reasons to Get this Report

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Cigars in South Africa
- Luxury Cigars in South Africa
- Tobacco in South Korea
- Tobacco in South Africa
- Luxury Cigars in South Korea