Consumer Goods

Cigarettes in Jamaica

  • CAN689549
  • 28 Pages
  • September 2016
  • Consumer Goods
Summary
The Jamaican cigarette market is small with duty paid consumption falling dramatically in recent years. Recent increases in the Special Consumption Tax (SCT) have done much to dent duty paid sales, which have fallen sharply on an annual basis since 2008. Additionally, the introduction of a smoking ban in 2013 contributed to a further reduction of cigarette consumption levels in Jamaica.

Key Findings
-The increasing taxation and tightening restrictions have affected the duty paid sales badly, therefore the Jamaican cigarette market is small

-In 2011 consumption contracted by 7.9%, with pressure on disposable incomes and the presence of a sizeable non-duty paid sector the main downward drivers

-Until very recently, the market was largely supplied with locally produced cigarettes. These were manufactured by the only local producer, Carreras. However, in 2005 Carreras announced it would cease local manufacturing and since then the market has been entirely supplied by imports

-WITCO, West Indies Tobacco Company, has become the major manufacturer, as BAT uses its Trinidad base to supply the Jamaican market

Synopsis
Cigarettes in Jamaica, is an analytical report by Canadean which provides extensive and highly detailed current and future market trends in the Jamaican 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 the manufacturers, leading brands along with company profiles

-Regulations, taxation, retail pricing, smoking habit and the growing health concerns affecting overall production

-Prospects and forecasts of overall sales and consumption for 2015 to 2025

ReasonsToBuy
-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 market dynamics of the Jamaican 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 to identify where to compete in the future
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