South Korea Cigarettes - Market Assessment and Forecasts to 2028

South Korea Cigarettes - Market Assessment and Forecasts to 2028

Summary

The South Korea cigarettes category accounted for a value share of 1.4% and 2.5%, respectively, in the global and Asia-Pacific markets in 2023. The South Korean cigarette category is expected to grow in value and decline in terms of volume. Convenience stores was the leading channel in the distribution of cigarettes in the country. Korea Tobacco & Ginseng Corporation was the leading company in the South Korean cigarettes category in 2023. In South Korea, the smoking prevalence among males decreased to 25.6% in 2023, compared to 26% in 2022.

Scope

• Per capita expenditure of cigarettes was higher in South Korea than both the global and regional levels in 2023
• The Philippines was the leading exporter of cigarettes to South Korea
• Japan was the largest importer of cigarettes from South Korea
• Convenience stores was the leading distribution channel in the cigarettes category in New Zealand
• Korea Tobacco & Ginseng Corporation was the leading company in the cigarettes category

• 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.