As of 2023, fine cut tobacco was the largest category within cigars, cigarillos and smoking tobacco, in terms of category value sales. Over the forecast period, this category is also set to record the best outlook, with demand triggered by new consumption trends.
With consumers expected to continue being price sensitive over the forecast period, fine cut tobacco is predicted to register further volume growth. If inflation remains high, on top of continued tax hikes for tobacco, price-sensitive consumers will opt to toll their own cigarettes with fine cut tobacco rather than buying cigarettes.
Over the review period, there was an influx of Argentineans migrating to Uruguay and installing in some of the most important cities of the country, such as Montevideo or Punta del Este. These were mostly high-income people looking for a calmer rhythm of life with many also trying to escape from the oppressive tax system in Argentina.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Uruguay with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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