In 2023, Sri Lanka's tobacco sector faced substantial challenges due to significant price hikes for cigarettes amid economic recession and import restrictions. These factors led to a marked decline in smoking rates, especially among lower socioeconomic groups, resulting in significant financial losses for the tobacco industry.
In 2023, Sri Lanka's tobacco sector grappled with significant challenges, stemming from soaring cigarette prices amid economic downturns and import restrictions. This led to a sharp decline in smokers, particularly among lower-income groups, and incurred substantial losses due to a surge in illicit trade.
According to the latest data, smoking prevalence in Sri Lanka currently stands at 23%. 28% of men in Sri Lanka are regular smokers, while 11% of households have at least one cigarette smoker, figures which can be considered relatively low by Asian standards.
Views and tobacco usage in Sri Lanka have mirrored the country's economic trajectory. With the nation's economic growth, there has been a corresponding rise in tobacco consumption.
A licence is required to transport cigarettes in bulk in Sri Lanka. As the only legally permitted manufacturer, Ceylon Tobacco holds the licence to produce, store and distribute cigarettes, which covers its distributors as well.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Tobacco industry in Sri Lanka 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Tobacco industry in Sri Lanka, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Tobacco
Passport Tobacco covers the seven major tobacco categories: Cigarettes, Cigars & Cigarillos, Smoking tobacco (made up of Pipe tobacco and RYO tobacco), Smokeless Tobacco (snuff and chewing tobacco), E-Vapour Products (closed and open); Heated Tobacco; and Tobacco Free Oral Nicotine. Smoking paraphernalia such as pipes, rolling papers, lighters or matches, etc., are not included, nor are nicotine replacement therapy (NRT) products, which are part of Euromonitor's Passport Consumer Healthcare database.
See All of Our DefinitionsThis report originates from Passport, our Tobacco research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!