Smokeless tobacco posted a 1% retail volume decline in 2015, in line with the stagnant volume CAGR of the review period. In general, chimó manufacturing is an artisanal procedure, with the established players operating at maximum capacity. In this regard, expansion is unlikely, with the product offering being steady over time. Decline of volume sales is related to severe import restrictions, negatively affected smokeless tobacco products, since most raw materials come from abroad as a consequence of decline in the local production of tobacco leaf.
There were no significant movements in the competitive positions of the companies involved in smokeless tobacco in 2015. Fábrica de Chimó El Tigrito remained the leading player, and accounted for 65% of retail volume sales due to the performance of its brand El Tigrito. Unlike most of the companies involved in chimó, Fábrica de Chimó El Tigrito does not purely operate at a regional level; El Tigrito can be found in all the major cities in Venezuela. A large number of players which compete regionally accounted for the remaining share.
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Understand the latest market trends and future growth opportunities for the Smokeless Tobacco industry in Venezuela 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.
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This report originates from Passport, our Smokeless Tobacco research and analysis database.
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