Boston, MA -- (SBWIRE) -- 09/11/2014 -- Traditionally, cigars have been consumed mainly by middle-high and mainly high-income men who tend to be about 50 years old and above. Cigar consumption has been linked for many years to a luxurious habit created by the high price of the main brands which are Cuban. The local culture has been quite chauvinistic, which is why even though this is changing, women still are not willing to be seen smoking cigars in public. Still, in Ecuador, cigars have not developed much due to the strong penetration of cigarettes.

Competitive Landscape

Corporacion Habanos is the main manufacturer of cigars in Ecuador. The firm is Cuban, with a long traditional trajectory which helped it develop some of the most demanded and renowned brands in the world, such as Cohiba, Romeo y Julieta, Montecristo and H Upmann, all which are present in the country. The main distributor of cigars is Casa del Habano, which is a franchise set up by Corporacion Habanos, but it does not possess specific distribution exclusivity for the firm's brands and the franchise in Ecuador also sells cigars from other countries. Still, Casa del Habano is the only representative of Corporacion Habanos in Ecuador.

View Full Report Details and Table of Contents

Industry Prospects

During the forecast period, the trend of a younger cigar smoking population is expected to become stronger. Besides the expected continuity of the newfound interest of cigars as a sign of status and sophistication for high-income consumers in their 20s, the increase of local production is expected to create a boom for cigars. Since Ecuadorian cigars already are considered of being of a remarkably good quality, the increase in local production is likely to increase curiosity and interest amongst the population, as prices will be more affordable.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Cigars industry in Ecuador with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Cigars industry in Ecuador, our research will save you time and money while empowering you to make informed, profitable decisions.

The Cigars in Ecuador market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth  
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Cigars in Ecuador?
- What are the major brands in Ecuador?
- What are the main distribution channels for cigars in Ecuador and which are performing well?
- What is the proportion of hand-made versus machine manufactured cigars in Ecuador?

Reasons to Get this Report

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

Product coverage: Cigarillos, Cigars Excluding Cigarillos.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Consumer Goods research reports at Fast Market Research

You may also be interested in these related reports:

- Cigars in Finland
- Cigars in Portugal
- Cigars in Spain
- Cigars in Canada
- Cigars in Estonia
- Cigars in Switzerland
- Cigars in Dominican Republic
- Cigars in Guatemala
- Cigars in France
- Cigars in Ireland