Indonesia Cigar Market (2025-2031) Outlook | Forecast, Growth, Revenue, Industry, Value, Analysis, Share, Trends, Size & Companies

Indonesia Cigar MarketSynopsis

Indonesia cigar market is dominated by imported brands such as Cohiba, Montecristo and Davidoff. The country has a stable demand for premium cigars from both international and domestic markets.

Market Trends

In recent years, there have been increasing numbers of younger consumers purchasing cigars for recreational activities or gifts. Also, more non-smokers are drawn to cigars due to their sweet aroma and range of flavors available on the market today. As a result, this has led to an increase in sales within the industry as well as an expansion of product offerings outside traditional Cuban brands into other flavored varieties like fruit-infused cigars and flavored tobacco sticks that appeal specifically to young adults looking for exciting new smoking experiences. Moreover, online retailing platforms have also made it easier for customers to purchase products without having to visit physical stores which further boosts sales within the sector even during times when brick and mortar stores are closed due to pandemic lockdowns or travel restrictions imposed by governments across various countries worldwide.

Market Drivers

The main driver behind growth in Indonesia cigar market is increased disposable income among middle class citizens - particularly those living in urban areas - who now have greater access than ever before too high quality imported products from overseas markets such as Cuba and Europe at relatively affordable prices compared with previous years when these items were considered luxury goods only available through specific retailers at inflated prices points due higher duty taxes levied against them upon importation into Indonesia. Furthermore, there is strong consumer loyalty towards certain brands associated with prestigious events held throughout major cities around Asia Pacific region where attendees can sample unique blends not found anywhere else.

COVID-19 Impact on the Market

The cigar market in Indonesia has been heavily impacted by the COVID-19 pandemic. The total sales of cigars declined significantly due to restrictions imposed on social activities, making it difficult for customers to purchase and consume cigarettes. Additionally, the government also increased taxes on tobacco products in order to reduce smoking rates among citizens. This further reduced demand for cigars and other tobacco products.

Challenges of the Market

The main challenge that the Indonesia cigar market is currently facing is a decrease in demand as people have less money available to spend due to economic downturns caused by COVID-19 lockdowns and restrictions. As such, this has led many consumers of cigars to switch over to cheaper alternatives such as electronic cigarettes or shisha pipes which are more affordable than premium cigar brands. Furthermore, with fewer people going out and attending events such as weddings or parties where cigars are often consumed, there is less opportunity for these brands to promote their product offerings at events leading them into a state of stagnation when it comes to growth potential within this sector.

Industry Key Players

Some of the key players within the Indonesia Cigar Market include Habanos Agung (Indonesia largest domestic producer) Djarum (a well-known brand from Java) Sampoerna (one of Indonesia oldest cigarette companies) Supermi (an economy line offering value priced packs), Gudang Garam (one of Indonesia most popular kretek producers) Surabaya International Tobacco Company (SITCO), Vega International Group, PT Trans World Traders Corp., PT Mustika Ratu Tbk., etc.. These companies offer both traditional hand rolled as well as machine made varieties that cater towards all types of preferences including flavored ones with unique tastes such as clove or vanilla scented options.

Key Highlights of the Report:

• Indonesia Cigar Market Outlook
• Market Size of Indonesia Cigar Market, 2024
• Forecast of Indonesia Cigar Market, 2031
• Historical Data and Forecast of Indonesia Cigar Revenues & Volume for the Period 2021-2031
• Indonesia Cigar Market Trend Evolution
• Indonesia Cigar Market Drivers and Challenges
• Indonesia Cigar Price Trends
• Indonesia Cigar Porter's Five Forces
• Indonesia Cigar Industry Life Cycle
• Historical Data and Forecast of Indonesia Cigar Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of Indonesia Cigar Market Revenues & Volume By Conventional Cigar for the Period 2021-2031
• Historical Data and Forecast of Indonesia Cigar Market Revenues & Volume By Premium Cigar for the Period 2021-2031
• Historical Data and Forecast of Indonesia Cigar Market Revenues & Volume By Distribution Channel for the Period 2021-2031
• Historical Data and Forecast of Indonesia Cigar Market Revenues & Volume By Offline Retail Stores for the Period 2021-2031
• Historical Data and Forecast of Indonesia Cigar Market Revenues & Volume By Online Retail Stores for the Period 2021-2031
• Indonesia Cigar Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• Indonesia Cigar Top Companies Market Share
• Indonesia Cigar Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Cigar Company Profiles
• Indonesia Cigar Key Strategic Recommendations