New Study: Cigarettes in Hong Kong, China

From: Fast Market Research, Inc.
Published: Wed Oct 28 2015

The government announced a tax increase on cigarettes by HK$0.2 per stick, equivalent to HK$4 per pack, in February 2014; the last movement in cigarette tobacco tax was in 2012. The purpose of tax revision is to match the WHO suggestion that tobacco tax should amount to at least 70% of the retail price.

Competitive Landscape

The cigarette industry in Hong Kong is dominated by the three largest players: Philip Morris Asia, British American Tobacco Co (Hong Kong) and Japan Tobacco (Hong Kong). Those three companies account for more than 90% of the volume sales in Hong Kong. The government seldom interfered with the market; thus no privatisation was made in 2014 and none is expected in the foreseeable future.

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Industry Prospects

The government is still taking a strong role in suppressing the overall smoking rate, and the ultimate goal is to bring the rate down dramatically. Tax on the tobacco is expected to rise further, along with expansion of public areas where smoking will be banned in the forecast period. Therefore, volume sales of cigarettes are expected to drop further in the forecast period, at a CAGR of -3%.

Report Overview

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

The Cigarettes in Hong Kong, China 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
* Production, imports, and exports of finished cigarettes
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Cigarettes in Hong Kong, China?
* What are the major brands in Hong Kong, China?
* What is the legislative environment like in Hong Kong, China?
* What are the rates of cigarette taxation in Hong Kong, China?
* Do premium, mid-price or economy cigarettes dominate in Hong Kong, China?
* What is the rate of illicit trade in Hong Kong, China?
* How many smokers are there in the country?

Reasons to Get this Report

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You may also be interested in these related reports:

- Tobacco in Hong Kong, China
- Cigarettes in Hong Kong
- Cigars in Hong Kong, China
- Tobacco in South Korea
- Cigarettes in South Korea

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