"Cigars in Belgium" now available at Fast Market Research

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

There is a long-established tradition of cigar and cigarillo smoking in Belgium, although the category continues to suffer from declining volume sales, with volume sales of cigars declining by 4% in 2014, mainly due to the lower interest in cigars among younger smokers, who are increasingly turning to other tobacco products. Moreover, the size of Belgiumís smoking population is progressively shrinking, which is contributing to reductions in volume sales of cigars in the country with each passing year.

Competitive Landscape

The competitive environment in cigars in Belgium is quite consolidated, with one company, Scandinavian Tobacco Group Benelux, accounting for 53% of retail volume sales in 2014. The second largest player in the category in 2014 was Agio Cigars with an 18% volume share. There has been little change to the value shares of the leading players in the category in recent years as each player has its own flagship brand and a base of loyal customers.

Full Report Details at
- http://www.fastmr.com/prod/1038689_cigars_belgium.aspx?afid=302

Industry Prospects

Sales of cigars in Belgium are set to continue declining over the forecast period, with volume and value sales each set to decline at a CAGR of 3% in constant 2014 terms. This means that the total volume of cigars sold is set to fall to 14 million units in 2019, compared with 17 million in 2014. The polarisation trend is expected to continue heavily influencing sales of cigars, resulting in a relatively favourable performance in the category for both cigarillos and large cigars, categories which focus on the economy and premium ends of the price spectrum respectively, while standard cigars and small cigars are set to record the highest value and volume declines.

Report Overview

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

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

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You may also be interested in these related reports:

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- Cigars and Cigarillos in Germany
- Cigars in the Netherlands
- Cigars in Iran

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Contact Name: Bill Thompson
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