Cigarettes in Trinidad and Tobago, 2020

Cigarettes in Trinidad and Tobago, 2020

Summary

Cigarettes in Trinidad and Tobago 2020 is an analytical report by the publisher that provides extensive and highly detailed current and future market trends in the tobacco market in Trinidad & Tobago . It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2030.

Trinidad & Tobago is one of the most significant of the smaller Caribbean markets, albeit with a gradually declining population of approximately 1.2 million. The main island, Trinidad, is situated close to the South American coast, lying off the coast of Venezuela. Tobago is a much smaller island lying to the north east. Oil and gas reserves have historically generated strong economic growth, although recently the economy has been hit by low global commodity prices. GDP declined by 6.3% in 2016 with further falls in 2017 and 2018. Latest data for 2019 placed growth as flat. Tourism is important in Trinidad & Tobago and the islands have earned a reputation as an investment site for international businesses.

Scope

• Cigarettes consumtion has been in decline in Trinidad & Tobago, and the tredn is likely to contidue over the forecats period.
• There is only one cigarette manufacturer operating in Trinidad & Tobago: West Indian Tobacco Co Ltd (WITCO), based in Port of Spain in Trinidad.
• A decline in the country's population will not help the sector. However, government moves to restrict promotions and raise health awareness, allied with rising taxes and prices and tighter smoking regulations, will be of greater influence.

Reasons to Buy

• 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.