The market for cigarettes in Ecuador remains comparatively small despite growth during last decade. The market suffered a moderate decline between 1992 and 1994. Subsequently, the market staged a recovery and by 1996 consumption had surpassed 1990 levels with demand continuing to expand strongly in 1997, although this was initially due to rising sales of non-duty paid cigarettes. Thereafter, a decline set in as a result of a downturn in the economy, although this was followed by steady, if generally unspectacular, growth in 2011. Faced with increases in taxation applied to cigarettes, contraband is currently having a severe impact on duty paid sales once again.
-The market for cigarettes is characterized by a sizeable non-duty paid sector. Per capita consumption of duty paid cigarettes has been declining since 2012
-The legitimate market is dominated by PMI, which manufactures the five top selling brands on the market
-Taxation is being used as a way of both reducing tobacco consumption and raising revenue for the government
-The legitimate market is dominated by locally produced cigarettes
Cigarettes in Ecuador, is an analytical report by Canadean that provides extensive and highly detailed current and future market trends in the Ecuador market.
What else does this report offer?
-Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise
-Detailed information such as market shares and recent developments of manufacturers and leading brands, along with company profiles
-Regulations, taxation, retail pricing, smoking habits, and the growing health concerns affecting overall production
-Prospects and forecasts of overall sales and consumption for 2015 to 2025
-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
-As consumers product demands evolve, the dynamics between different countries also change - favoring some countries and leaving others increasingly out of line with demand patterns. As a result, understanding the specific dynamics of the Ecuador market is crucial to ensuring maximum future sales
-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 identify where to compete in the future