The outlook for cigars and cigarillos in Bolivia remains bleak. With no significant changes expected in monetary policies or exchange rates, and ongoing issues with contraband product control, much of the limited demand in this category is likely to continue being met through illicit trade.
Globally, cigar, cigarillo, and smoking tobacco producers are innovating to attract younger consumers. Despite the niche interest in Bolivia, these producers are trying to cultivate a new culture around smoking these products in a more casual manner than past generations.
A niche market for cigars and cigarillos in Bolivia consists of foreign visitors, including tourists and expatriates working for international companies. These consumers are attracted by the lower prices in Bolivia, which are a result of lower tax rates compared to other countries.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Bolivia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cigars, Cigarillos and Smoking Tobacco industry in Bolivia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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