Serbia Cigarettes - Market Assessment and Forecasts to 2028

Serbia Cigarettes - Market Assessment and Forecasts to 2028

Summary

The Serbian cigarettes category is expected to increase from RSD150.2 billion ($1.4 billion) in 2023 to RSD161.9 billion ($1.5 billion) in 2028, growing at a CAGR of 1.5%. Per capita expenditure of cigarettes stood at $206.8 in 2023 in Serbia, which was higher than the global level ($110) but lower than the regional level ($282.8). Smoking prevalence in Serbia was 39% in 2023 with 39% of men and 39.1% of women classified as smokers. Philip Morris International was the leading company in the cigarettes category with a volume share of 33.7% in 2023. Poland was the leading exporter of cigarettes to Serbia in 2023.

Key Highlights

• Per capita expenditure of cigarettes stood at $206.8 in 2023 in Serbia, which was higher than the global level ($110) but lower compared to the regional level ($282.8).
• Poland was the major exporter of cigarettes to Serbia.
• Smoking prevalence in Serbia in 2023 is 39% overall, while it was 39% and 39.1% across male and female population, respectively.
• Convenience stores was the largest distribution channel in the Serbian cigarettes category in 2023.
• Philip Morris International was the largest manufacturer for cigarettes in Serbia in 2023.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the cigarettes category in Serbia, as part of GlobalData’s global coverage of the category. It includes analysis on the following -

 
• Market Context: The report provides comparative analysis of the value shares of Serbia in the Eastern European and global cigarettes category. Additionally, the per capita expenditure of cigarettes in Serbia is also compared with the Eastern Europe and global levels.
• Market Size and Structure : The report offers an overview of the growth at a category level and provides analysis for cigarettes by value, volume, and CAGR for the period 2018-28. The section also includes value analysis of segments, value and volume analysis of sub-segments segments under cigarettes category for the period 2018-28.
• Production and Trade: It covers production, imports, and exports of the country in the cigarettes category.
• Taxation and Prices: It covers taxation and prices in the country and effects in the cigarettes category.
• Retail Distribution: It analyzes the leading distribution channels at category level in 2023. The consumer reports cover the following distribution channels: cash & carries and warehouse clubs, convenience stores, department store, hypermarkets & supermarkets, and tobacco specialists,.
• Manufacturers and Brands: The report provides analysis on leading companies by category in 2023 and analyzes the market share.
• Smoking Population: The report covers consumption of cigarettes by gender in Serbia.
• Operating Constraints: The report cover the impact of policies and regulation on cigarettes category in Serbia.
• Prospects and Forecasts: The report covers forecast analysis of categories in the cigarettes category.
• Macroeconomic analysis: The report also provides an outlook on macroeconomic indicators in Serbia, with a detailed summary of the economy, labor market, and demographics.
• Time period: The report provides category value and volume data, including category level data for the period 2018-28. Distribution channel and company data is of 2023.

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 identify where to compete.