Cigarettes in Peru, 2020

Cigarettes in Peru, 2020

Summary

Cigarettes in Peru, 2020 is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the tobacco market in Peru. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2030.

Duty paid volumes were forecast down at 1,694 million pieces in 2019 with the non-duty paid sector a further 1.1 billion pieces in 2019. The percentage of adults who smoke is in decline. GlobalData estimates that 29.2% of men and 22% of women are smokers. These figures include both regular and occasional smokers and equate to 25.5% of all adults overall, or just over 5.58 million.GlobalData forecasts a fall of 8.4% over 2020-2030 to take the market to 1,475 million pieces. In per capita terms, sales will fall by 15.1% over the forecast period, with consumption rates expected to remain low at only 43 pieces per year by 2030.

Scope

• The cigarette market is dominated by blond cigarettes, which have accounted for over 99% of volume sales since 2000. They currently account for 99% of total volumes .
• Chile was the leading source of imports in 2019, accounting for 1,560 million pieces (92%) of imports. Colombia ranked second, with 90 million pieces (5.3%), and Mexico was third with 32 million pieces (1.9%). .
• Import duty is currently set at 6% on a most favored nation basis, with this rate applying equally to both blond and dark cigarettes. Areas such as the EU attract a reduced rate of 2.5% as of March 2020.

• Get a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market.
• Identify the areas of growth and opportunities, which will aid effective marketing planning.
• The differing growth rates in regional product sales drive fundamental shifts in the market.
• This report provides detailed, authoritative data on these changes - prime intelligence for marketers.
• Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future.