Cigars and cigarillos will register minimal volume growth over the forecast period, and pipe tobacco will see further volume decline. Illicit trade will continue to dampen volume sales, as Bolivia’s stable currency in contract with devaluations in neighbouring countries, will make cigars, cigarillos and smoking tobacco even more expensive compared with neighbouring countries and as a result, many local consumers will be receptive to much cheaper smuggled goods.
Overall, cigars, cigarillos and smoking tobacco see low levels of consumption in Bolivia and this is not expected to change over the forecast period. Typically, cigars and cigarillos in particular have higher average unit prices than other tobacco alternatives such as cigarettes and Bolivia has one of the lowest average disposable incomes in the region and this will continue to limit growth.
Despite the fact that pipe tobacco will see further volume contraction over the forecast period, there is an opportunity to attract smokers looking for products perceived as natural or less processed. Brands such as Raw also promote their products as containing natural fibres.
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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.
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Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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