Discussions about implementing a “sin tax” are gaining momentum once again in Brazil, driven by government efforts to offset revenue losses from 2020, and fund support programmes for low-income families. This proposal is likely to increase costs for tobacco, alcoholic beverages, and sugary products.
A notable trend which is anticipated to continue in the forecast period is the positive impact of the rising popularity of whiskies amongst Brazilians on cigars. This trend, which first gained momentum in 2020, was driven by affluent households with surplus disposable income resulting from reduced socialising and travel.
Amidst global uncertainties, such as the ongoing war in Ukraine, companies are grappling with challenges in managing their supply chains and navigating the repercussions on global logistics. Heightened geopolitical tensions have disrupted traditional trade routes, contributing significantly to increased uncertainty and inflationary pressures.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Brazil 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 Brazil, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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