Trinidad & Tobago is a comparatively small and declining cigarette market with estimated sales of 1.22 billion pieces in 2014. There is only one cigarette manufacturer operating in Trinidad: the West Indian Tobacco Co (WITCO), a 50.1% owned subsidiary of BAT. It is the dominant supplier with 95% of market volume.
-The importance of WITCO means the market is dominated by domestically manufactured cigarettes and import penetration is low
-The market comprises a mix of national and international brands. They are mostly of Virginia, rather than American blend, the latter being confined to the premium segment and recording only a small volume
-In June 2009 it was reported that Trinidad & Tobago has the fourth highest rate of smoking amongst 13-15 year olds in the region.
Cigarettes in Trinidad & Tobago, is an analytical report by Canadean that provides extensive and highly detailed current and future market trends in the Trinidad & Tobago 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 2014 to 2024
-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 Trinidad & Tobago 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