Bolivia claims to have the lowest inflation rate in the world and it has managed to achieve this by continuing to have a fixed exchange rate against the dollar. Besides the fixed exchange rate, Bolivia’s subsidies for key products have also helped keep inflation low.
Despite an overall contraction in volume sales of cigarettes, the capsule cigarette segment continued to grow. Japan Tobacco’s Camel showed significant growth in its sales volumes driven by products such as Camel Activate with a watermelon flavoured capsule, which was widely promoted at point-of sale in supermarket chains and alcoholic drinks stores.
In 2021, Cía Industrial de Tabacos SA (CITSA) continued to lead the competitive landscape, due to its dominance in cigarettes, with both its local brands, Casino and Derby, as well as its Phillip Morris brands, L&M and Marlboro. However, it lost value share in 2021, largely due to not connecting as well with the younger generation of smokers, who increasingly appreciate flavoured cigarettes.
While during the pandemic lockdowns, consumers tended to shop for cigarettes in stores close to home, in 2022 this trend was reversed. Regular smokers once again purchased through wholesale channels in bulk, in order to make savings.
Overall, tobacco will register a decline in constant value sales over the forecast period and this will be driven by the continued fall in cigarettes sales, as smoking prevalence continues to drop. That being said, flavoured capsule cigarettes are expected to continue to grow in sales volume in the coming years, despite the overall contraction in cigarettes.
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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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