Cigarettes in Honduras, 2020

Cigarettes in Honduras, 2020

Summary

Cigarettes in Honduras, 2020 is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the tobacco market in Honduras. 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.

The market for cigarettes in Honduras has fallen sharply in recent years. Volumes in 2017 were down at 870 million pieces, 29.4% below 1990 levels, with a fall to 790 million pieces forecast for 2019. Per capita consumption levels are low due to widespread poverty, which is limiting demand for cigarettes, as well as recent rises in the profile of the non-duty paid sector.

Scope

• Volumes in 2018 were down at 825 million pieces, 69.3% below 1990 levels, with a fall to 790 million pieces forecast for 2019. Per capita consumption levels are low due to widespread poverty, which is limiting demand for cigarettes, as well as recent rises in the profile of the non-duty paid sector.
• The only company manufacturing cigarettes in Honduras is Tabacalera Hondureña SA (TAHSA), which is part of BAT Caribbean and Central America (BATCCA). It was credited with an 84.6% share of the market in 2018 with no change forecast for 2019.
• Mexico emerged as a source of imports in 2017, followed by Canada and US
• Per capita consumption is forecast at 97 pieces in 2030 which is 20.1% up on 2020.

• 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.