Summary Taiwan has a sizeable cigarette market because of its wealthy population and economic growth, which have boosted cigarette consumption in recent decades. However, as the cigarette market is closely linked to the wider economy, it has periodically suffered from recessions, which had a negative effect. However, since 2014 the market has been relatively stable with more sustainable tobacco consumption due to measures limiting contraband and solid economic growth.
Key Findings Per capita consumption stood at 1,535 pieces per year in 2015, a 0.9% decline on 2014. Non-duty paid cigarettes only accounted for 5% of the market in 2014 after strong government action. Cigarette imports have tripled since 1990 from five billion piecies to 14.9 billion pieces in 2014. As of 2015, 16.8% of the Taiwanese population are smokers.
Synopsis Cigarettes in Taiwan is an analytical report provides extensive and highly detailed current and future market trends in the Taiwanese market. It covers market size and structure, along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, and prospects and forecasts for sales and consumption until 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 that 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 future.