Retail volume sales of cigars and cigarillos in Singapore are expected to continue to decline throughout the forecast period. Part of this decline will be due to the continued normalisation of sales after the peak seen in 2022.
Singapore’s status as a global financial hub and luxury destination provides a conducive environment for the consumption of premium cigars, with a discerning consumer base accustomed to indulging in high-end products and experiences. Moreover, the city-state’s affluent population, characterised by high disposable incomes and a penchant for luxury goods, presents a significant market opportunity for premium cigar brands looking to establish a foothold in the region.
Fine cut tobacco was the only category with notable sales within smoking tobacco in Singapore over the review period. Fine cut tobacco is sometimes referred to as Ang Hoon locally, which is typically sold at a cheaper price point than cigarettes, and mainly distributed through small local grocers.
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Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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