Cigars in South Korea

Jan 6, 2015 - Euromonitor International - 22 pages - USD $900
Abstract Table of Contents Request Details Related
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.

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
  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

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About the Publisher
Euromonitor International is a world leading independent provider of business intelligence on industries, countries and consumers. Their business intelligence products include award-winning online information databases, market reports and business reference books. Founded in 1972, Euromonitor International is a privately owned company with offices in London, Chicago, Singapore, Shanghai and Vilnius. Euromonitor has a team of over 600 in-country analysts worldwide, giving them a unique capability to deliver high quality and reliable business information.