Product Code: ETC090779 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Cigar market currently, in 2023, has witnessed an HHI of 8461, Which has increased substantially as compared to the HHI of 3000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Arab Emirates (UAE) Cigar market has witnessed steady growth over the years, driven by factors such as increasing disposable income, a growing affluent population, and the rising popularity of premium tobacco products. Cigars are considered a symbol of luxury and sophistication, and their demand has been fueled by a thriving luxury lifestyle and a growing number of cigar enthusiasts in the UAE.
One of the key drivers of the UAE Cigar market is the increasing number of high-net-worth individuals and expatriates in the country. The UAE has emerged as a major financial and business hub, attracting wealthy individuals from around the world. As these individuals seek premium and exclusive products, there has been a surge in the demand for high-quality cigars. Another driver of the UAE Cigar market is the rise of cigar lounges and social clubs in major cities like Dubai and Abu Dhabi. These establishments offer a unique and upscale experience for cigar enthusiasts, creating a strong cigar culture and driving demand for premium cigars.
One of the challenges faced by the UAE Cigar market is government regulations and restrictions on tobacco products. The UAE government has implemented strict rules on smoking in public places, which may impact the consumption of cigars in certain settings. Additionally, import duties and taxes on tobacco products can increase the final retail price of cigars, affecting their affordability for some consumers.
The Covid-19 pandemic had both positive and negative impacts on the UAE Cigar market. During the pandemic, with travel restrictions and limited entertainment options, consumers sought alternative ways to enjoy luxury experiences at home. This led to an increase in the consumption of premium cigars among affluent individuals who were looking for unique ways to relax and unwind during lockdowns. However, the closure of hospitality establishments, including cigar lounges and social clubs, during the pandemic had a negative impact on the sales of cigars in such venues. Additionally, disruptions in supply chains and international trade may have affected the availability and pricing of certain cigar brands.
In the UAE Cigar market, several key players are actively operating, offering a wide range of cigar brands and products. These key players include international cigar manufacturers and distributors, as well as local retailers and specialty shops. Some of the prominent key players in the UAE market include Habanos S.A., Davidoff of Geneva, Oettinger Davidoff AG, and STG Nordic.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Cigar Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Cigar Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Cigar Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Cigar Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Cigar Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Cigar Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 United Arab Emirates (UAE) Cigar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Cigar Market Trends |
6 United Arab Emirates (UAE) Cigar Market, By Types |
6.1 United Arab Emirates (UAE) Cigar Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Cigar Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Cigar Market Revenues & Volume, By Conventional Cigar, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Cigar Market Revenues & Volume, By Premium Cigar, 2021-2031F |
6.2 United Arab Emirates (UAE) Cigar Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Cigar Market Revenues & Volume, By Offline Retail Stores, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Cigar Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
7 United Arab Emirates (UAE) Cigar Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Cigar Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Cigar Market Imports from Major Countries |
8 United Arab Emirates (UAE) Cigar Market Key Performance Indicators |
9 United Arab Emirates (UAE) Cigar Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Cigar Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Cigar Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 United Arab Emirates (UAE) Cigar Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Cigar Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Cigar Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |