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    Country Briefing

    Business Dynamics: Uruguay

    Oct 2017

    Uruguay’s business environment has improved, with rising ease of doing business in the country. Corruption levels are one of the lowest regionally and the government is focused on making the country’s policies more business friendly. However, annual ...

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    Country Report

    Cigarettes in Venezuela

    Jul 2017

    Weaker demand due to high price increases in 2016 continued to change the purchasing behaviour of the majority of Venezuelan smokers. Consumers spent more time searching for their preferred brands but were also willing to trade down to cheaper ones. ...

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    Country Report

    Tobacco in Venezuela

    Jul 2017

    The Venezuelan tobacco market in 2016 continued to be heavily dominated by cigarettes. The dynamics of the category are influenced by overall macroeconomic conditions, characterised by high inflation and falling purchasing power. In such a ...

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    Country Briefing

    Business Dynamics: Peru

    Jul 2017

    Peru continues to be one of the easiest places to do business regionally. Easy credit availability, a gradually improving ICT environment and relatively low wages continue to allure investors. However, a weaker physical infrastructure and rigid ...

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    Country Report

    Packaging Industry in Brazil

    Jul 2017

    The negative economic scenario which has resulted in lower disposable incomes for most Brazilian households, escalating exchange rates, increasing production costs and higher inflation rates, continues to exert strong pressures over the country’s ...

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    Country Report

    Cigarettes in Colombia

    Jul 2017

    Over the review period the dominant flavour in capsule cigarettes was menthol, present mainly in mid-priced and premium brands. With tight tobacco regulations and declining demand, companies introduced in 2016 cigarettes with mixed flavour capsules ...

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    Country Report

    Tobacco in Colombia

    Jul 2017

    Tobacco products registered volume drops in 2016 despite anti-tobacco legislation remaining unchanged. The smoking population continued to contract, mainly due the efforts of the authorities in prevention programmes to discourage young generations ...

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    Country Report

    Tobacco in Ecuador

    Jul 2017

    Ecuador is undergoing strong economic contraction. Real GDP declined by 2% in 2016, according to the World Bank, which also anticipates a continued decline in the following two years. At the same time, tax increases raised the prices of all tobacco ...

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    Country Report

    Cigarettes in Ecuador

    Jul 2017

    Cigarettes was affected by two tax increases in 2016: a two percentage point increase in the Value Added Tax (VAT) from 12% to 14%, and a rise in the excise consumption tax (ICE), which increased per cigarette from USD0.14 to USD0.16. The VAT ...

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    Country Report

    Tobacco in Uruguay

    Jul 2017

    Cigarettes remains the biggest tobacco category in Uruguay in both value and volume sales terms. However, after three years of growth, volume sales fell in 2016, mainly due to increases in the IMESI tax....

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    Country Report

    Cigarettes in Uruguay

    Jul 2017

    The Uruguayan government continues to focus on reducing consumption of tobacco, with the IMESI tax, which is specifically for tobacco, increasing by 15% in 2016. The increase of this tax resulted in a rise in unit prices in cigarettes and a ...

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    Country Report

    Cigarettes in the US

    Jul 2017

    In 2016, cigarettes in the US posted a volume decline of 2% but grew by 1% in current value terms to stand at sales of 263.4 billion sticks and USD94.4 billion. Unexpectedly low fuel prices are believed to have caused a minor recovery in cigarette ...

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    Country Report

    Tobacco in the US

    Jul 2017

    The US tobacco market posted a slight decline in volume sales and a slight increase in value sales in 2016 as Americans slowly continued to reduce their tobacco consumption while producers increased prices to maintain profits. The industry’s ...

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    Strategy Briefing

    Footwear in Latin America

    Jul 2017

    Value growth in Latin American footwear is undermined by high inflation, protectionist policies and a volatile political and economic climate that continues to plague the region in 2015 and 2016 as it has through much of the last decade. Mexico is a ...

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    Country Briefing

    Economy, Finance and Trade: Chile

    Jul 2017

    Chile’s vast natural resource reserves have been a boon to its economy. However, the end of the global commodity prices boom has negatively impacted Chile’s output and external sector. Fiscal stimulus over 2011-2016 also led to a worsening of ...

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    Country Briefing

    Income and Expenditure: Chile

    Jul 2017

    Chile’s economic slowdown continued to weigh on the expansion of per capita income and expenditure in the country in 2016. However, rising social spending by the Chilean government is contributing to a decline in inequality and growth of the ...

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    Country Briefing

    Income and Expenditure: Peru

    Jul 2017

    The performance of the Peruvian consumer market remained sluggish in 2016, reflecting challenges facing the country’s external sector. Nevertheless, consumer expenditure is playing an increasingly important role in Peru’s economy, while the country’s...

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    Country Report

    Cigarettes in Bolivia

    Jul 2017

    Sales of premium cigarettes are growing due to changing consumer preferences. Consumers prefer premium products due to the flavours and filter innovation which they perceive as less harsh and harmful than regular cigarettes. In addition, embedding ...

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    Country Report

    Tobacco in Bolivia

    Jul 2017

    Tobacco continues growing in Bolivia at a slow but steady pace. Nevertheless, its growth is more dynamic in terms of value sales than in terms of volume sales as a consequence of companies’ efforts to position their value-added products. In addition,...

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    Country Profile

    Ecuador: Country Profile

    Jul 2017

    Ecuador’s economy will see minimal gains in 2017. A rise in oil prices and a pickup in oil output drive the export recovery. Weaknesses in private consumption and a rise in unemployment are drags. The country’s competitiveness is also constrained by ...

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