The Sri Lankan cigarette market has suffered mixed fortunes recently. After seeing strong growth in 2010 and 2011 the sector was badly hit by tax hikes in 2012 which reduced sales. Further and more serious problems followed in 2014 with the issue of contraband complicated by a growing number of smokers down trading to beedies, what resulted in a fall of sales. Per capita consumption was only 160 pieces in 2014.
- Sri Lanka has only one significant domestic cigarette manufacturer, Ceylon Tobacco Company (CTC). Imports and exports are of little importance to the overall market.
- There is growing competition from traditional beedies, a legally produced type of cigarette that competes with the cheapest of manufactured cigarettes and are popular in rural areas.
Cigarettes in Sri Lanka 2016 is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Sri Lanka market. The report offers 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.
- 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.
- 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.