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Cigarettes in Laos, 2020

Cigarettes in Laos, 2020

Summary

Cigarettes in Laos, 2020 is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the tobacco market in Laos. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2030.

Per capita consumption in Laos is forecast at 464 pieces in 2019 which is 11.3% down on 1990.Filter cigarettes account for near 70% of sales, with Virginian blends being the most popular by far. Official imports have traditionally had a low profile and were at 506 million pieces in 2018. Laos has failed to develop a sustainable export trade with few recorded exports in recent years. Thailand has been the biggest importer by far each year since 2008, with 291.7 million pieces in 2018.

Scope

- Forecasts for 2019 suggest a small fall to 3,400 million pieces. This is despite there being no tax hike that year with pressure continuing to be exerted on the market from illicit sales.
- Imperial Tobacco has reported increased penetration of hard packs for its brands. This has come as a result of investment made in its Laos operation: it is estimated that two-thirds of cigarettes are now in hard packs.
- GlobalData forecasts a 2% increase in duty-paid volumes between 2020 and 2030 to take the market to 3,670 million pieces. Because of rapid population growth over the same period, per capita consumption is expected to decline, by 0.3%, to 441 pieces in 2030 with a decline in per capita consumption expected after 2025

Reasons to Buy

- Get a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market.
- Identify the areas of growth and opportunities, which will aid effective marketing planning.
- The differing growth rates in regional product sales drive fundamental shifts in the market.
- This report provides detailed, authoritative data on these changes - prime intelligence for marketers.
- Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future.
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Cigarettes in Laos, 2020
Published By :GlobalData
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