Argentina faced an uncertain macroeconomic scenario, with political dysfunction and economic instability, and one of the highest inflation rates in the world. However, following Comisión Económica para América Latina y el Caribe (Cepal: United Nations Economic Commission for Latin America and the Caribbean)gross domestic product grew for the full year 2022, fuelled by a steep increase in investment rates that reached 22.
The economic instability and impact of inflation, close to 100%, put enormous pressure on the private and public sectors, which tempered some of the industry's growth as consumers continued to reduce or watch their spending. This was especially the case with items that are not considered household essentials, like tobacco products.
During 2022, the landscape witnessed the growth of local players, which produced economy cigarettes, aligning with consumers needs during the ongoing economic crisis and falling consumer purchasing power.
Over the review period, consumers of tobacco products shifted back to distribution channels frequented before the outbreak of COVID-19. Smokers resumed their stops at convenience stores and forecourt retailers, while newsagent-tobacconists/kiosks saw the return of their regular clients.
Tobacco sales are forecast to decline in Argentina over the forecast period. The sale of economy and ultra-low cigarettes driven by local companies has generated more affordability for low- and middle-income social groups.
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Understand the latest market trends and future growth opportunities for the Tobacco industry in Argentina 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Tobacco industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Passport Tobacco covers the seven major tobacco categories: Cigarettes, Cigars & Cigarillos, Smoking tobacco (made up of Pipe tobacco and RYO tobacco), Smokeless Tobacco (snuff and chewing tobacco), E-Vapour Products (closed and open); Heated Tobacco; and Tobacco Free Oral Nicotine. Smoking paraphernalia such as pipes, rolling papers, lighters or matches, etc., are not included, nor are nicotine replacement therapy (NRT) products, which are part of Euromonitor's Passport Consumer Healthcare database.See All of Our Definitions
This report originates from Passport, our Tobacco research and analysis database.
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