Tobacco sales dropped in both 2020 and 2021 due to health concerns around COVID-19, while lockdown and home seclusion diminished social occasions and opportunities to smoke. Moreover, smoking prevalence remains low in Panama and is falling despite population growth thanks to anti-smoking campaigns and a ban on advertising.
Panama's GDP grew by 15% in 2021. Recovery stemmed from a response to the vaccination process (69% fully vaccinated out date) and reduction of restrictions imposed in the previous year as well as the increase in oil prices and increase in imports.
Panamanian Law 275 (June 2021), “creates the National Program for the Prevention, Treatment and Rehabilitation of Youth with Addiction Problems". According to various studies, Panama ranks first in the consumption of cocaine and alcohol in Central America and the Caribbean, as well as other stimuli such as marijuana and tobacco.
The tobacco industry does not play a major role in Panama’s economy and local commercial tobacco cultivation remains at a minimal level.
On 24 September 2021, ground transportation of Panama lifted a 2-day national strike initiated as a claim against the "abusive and unfair practices of shipping companies and subsidiaries." To put an end to the strike, Maersk made a commitment to carriers, regardless of the province or region in which they carry out their activities, not to transport national or local cargo, in compliance with current applicable national regulations, to avoid interfering in clients’ decisions over local logistics.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Tobacco industry in Panama 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 Panama, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!