Report Published: "Cigars in Ecuador"

From: Fast Market Research, Inc.
Published: Fri Sep 11 2015

Traditionally, cigars was mainly consumed by males of 50-years old and above in the middle-high and, in particular, high income groups. Cigar consumption is generally regarded as a luxury habit due to the high price of the main brands, which are Cuban. With a predominantly chauvinistic local culture, women were still not willing to be seen smoking cigars in public. However, in Ecuador, cigars did not develop much due to the strong penetration of cigarettes.

Competitive Landscape

CorporaciÙŽn Habanos and Aray Cigars were the main cigar manufacturers in Ecuador in 2014. The former is a Cuban company with longstanding traditional and internationally-known brands, including Cohiba, Romeo y Julieta and Hoyo de Monterrey. Aray Cigars is a local company with strong brand recognition due to its product quality. The main distributor was Casa del Habano, which is a franchise of CorporaciÙŽn Habanos and holds the companyÂ’s exclusive distribution rights.

Full Report Details at

Industry Prospects

It is likely that the trend discussed in the previous edition of this report of an increase in the younger cigar smoking population will continue as the key forecast period trend. In addition to the expected continuity of the newfound interest of cigars as a sign of status and sophistication for high-income consumers in their twenties, the increase in local production is expected to create growth for cigars. As Ecuadorian cigars are already positioned as quality products through word of mouth, the increase in local production is likely to arouse curiosity and interest among the population, as prices will be more affordable.

Report Overview

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

The Cigars in Ecuador 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 Ecuador?
* What are the major brands in Ecuador?

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