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Table of Contents KEY DATA FINDINGS 2024 DEVELOPMENTS Competitiveness declines, following excise tax revision Market is increasingly concentrated in hands of top selling brands Rise of smoking alternatives reduces space in retailers PROSPECTS AND OPPORTUNITIES Ongoing decline, as consumers shift to new tobacco formats Alternatives to combustible smoking will gain traction Limited innovation expected, as focus shifts to high-growth alternatives CATEGORY DATA Table 1 Sales of Cigars, Cigarillos and Smoking Tobacco by Category: Volume 2019-2024 Table 2 Sales of Cigars, Cigarillos and Smoking Tobacco by Category: Value 2019-2024 Table 3 Sales of Cigars, Cigarillos and Smoking Tobacco by Category: % Volume Growth 2019-2024 Table 4 Sales of Cigars, Cigarillos and Smoking Tobacco by Category: % Value Growth 2019-2024 Table 5 Sales of Cigars by Size: % Volume 2019-2024 Table 6 Sales of Cigarillos by Price Platform 2019-2024 Table 7 NBO Company Shares of Cigars and Cigarillos: % Volume 2020-2024 Table 8 LBN Brand Shares of Cigars and Cigarillos: % Volume 2021-2024 Table 9 NBO Company Shares of Cigars: % Volume 2020-2024 Table 10 LBN Brand Shares of Cigars: % Volume 2021-2024 Table 11 NBO Company Shares of Cigarillos: % Volume 2020-2024 Table 12 LBN Brand Shares of Cigarillos: % Volume 2021-2024 Table 13 NBO Company Shares of Smoking Tobacco: % Volume 2020-2024 Table 14 LBN Brand Shares of Smoking Tobacco: % Volume 2021-2024 Table 15 NBO Company Shares of Pipe Tobacco: % Volume 2020-2024 Table 16 LBN Brand Shares of Pipe Tobacco: % Volume 2021-2024 Table 17 NBO Company Shares of Fine Cut Tobacco: % Volume 2020-2024 Table 18 LBN Brand Shares of Fine Cut Tobacco: % Volume 2021-2024 Table 19 Distribution of Cigars and Cigarillos by Format: % Volume 2019-2024 Table 20 Distribution of Smoking Tobacco by Format: % Volume 2019-2024 Table 21 Forecast Sales of Cigars, Cigarillos and Smoking Tobacco by Category: Volume 2024-2029 Table 22 Forecast Sales of Cigars, Cigarillos and Smoking Tobacco by Category: Value 2024-2029 Table 23 Forecast Sales of Cigars, Cigarillos and Smoking Tobacco by Category: % Volume Growth 2024-2029 Table 24 Forecast Sales of Cigars, Cigarillos and Smoking Tobacco by Category: % Value Growth 2024-2029 TOBACCO IN PORTUGAL EXECUTIVE SUMMARY Tobacco in 2024: The big picture 2024 key trends Competitive landscape Retail developments What next for tobacco