PROSPECTS AND OPPORTUNITIES
Luxury appeal is set to drive sales of cigars while cigarillos remain popular with price-sensitive consumers
Volume sales of cigars and cigarillos are expected to fall during the forecast period. Cigar smoking will continue to be associated with luxury, often enjoyed on special occasions or in exclusive settings.
Tightened regulation and tax increases will continue to challenge sales
Hungary has implemented stringent regulations on tobacco products, including the introduction of plain packaging requirements of cigarettes, fine cut tobacco products and increased oversight of sales to minors. Building upon these measures, the Hungarian government is expected to further tighten regulations on conventional tobacco products, such as fine-cut tobacco, cigarillos, and cigars, over the next three to five years.
Cigars offers stronger potential for innovation across the forecast period
Opportunities for innovation within the cigarillo and fine-cut tobacco segments are expected to remain limited across the forecast period, primarily due to stringent restrictions on marketing and communication. These regulations significantly hinder the successful introduction of new products.
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Overview:
Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Hungary with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cigars, Cigarillos and Smoking Tobacco industry in Hungary, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cigars, Cigarillos and Smoking Tobacco in Hungary report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cigars, Cigarillos and Smoking Tobacco in Hungary?
- Which are the leading brands in Cigars, Cigarillos and Smoking Tobacco in Hungary?
- How are products distributed in Cigars, Cigarillos and Smoking Tobacco in Hungary?
- Which category is the most heavily taxed in Hungary?
- How is the operating environment for Cigars, Cigarillos and Smoking Tobacco changing?
- What are the current legislative restrictions applicable to the sale of Cigars, Cigarillos and Smoking Tobacco products in Hungary?
- How has COVID-19 impacted demand?
- How have national lockdown and enforced home seclusion following COVID-19 impacted sales?
- Where is future growth expected to be most dynamic?
Cigars, Cigarillos and Smoking Tobacco in Hungary - Category analysis
KEY DATA FINDINGS
Volume declines for cigarillos and smoking tobacco, while cigar sales continue to grow
Continental Dohányipari Zrt and Imperial Tobacco Magyarország Kft retain the leading positions
The state-regulated National Tobacco Stores lead the distribution of all tobacco products
Luxury appeal is set to drive sales of cigars while cigarillos remain popular with price-sensitive consumers
Tightened regulation and tax increases will continue to challenge sales
Cigars offers stronger potential for innovation across the forecast period
Tobacco in Hungary - Industry Overview
Tobacco in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for tobacco?
Legislation
Legislative overview
Minimum legal smoking age
Smoking prevalence
Tar levels
Health warnings
Plain packaging
Advertising and sponsorship
Point-of-sale display bans
Smoking in public places
Low ignition propensity (LIP) cigarette regulation
Flavoured tobacco product ban
Reduced harm
Vapour products
PRODUCTION/IMPORTS/EXPORTS
DISCLAIMER
The following categories and subcategories are included:
Cigars, Cigarillos and Smoking Tobacco
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- Cigars
- Cigarillos
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- Pipe Tobacco
- Fine Cut Tobacco
Cigars, Cigarillos and Smoking Tobacco
Combined sales of cigars, cigarillos and smoking tobacco.
See all of our definitionsWhy buy 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
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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