Tobacco Products - Panama
Panama- In 2024, the Tobacco Products market in Panama is projected to generate revenue of US$175.0m.
- It is expected to experience an annual growth rate of 3.08% (CAGR 2024-2029).
- The largest segment within this market is Cigarettes, which is estimated to have a market volume of US$147.5m by 2024.
- When compared globally, China leads in revenue generation with US$298bn in 2024.
- This indicates the significant contribution of the Chinese market to the overall tobacco industry.
- In terms of per capita revenue, each individual in Panama is projected to generate US$46.52 in 2024.
- This figure provides an insight into the economic impact of the tobacco industry on the population.
- Furthermore, online sales are expected to account for 1.7% of the total revenue in the Tobacco Products market by 2024.
- This suggests that traditional retail channels continue to dominate the industry in Panama.
- Despite efforts to reduce tobacco consumption, the tobacco market in Panama continues to thrive, with a wide range of locally produced and imported products available.
- Key regions:
- Worldwide,
- India,
- United States,
- China,
- Germany
Definition:
The market for Tobacco Products is constituted here by (filtered) Cigarettes, Smoking Tobacco (fine-cut tobacco, pipe tobacco), Cigars and cigarillos, and E-Cigarettes. Snuff, chewing tobacco and heat-not-burn products are not included at the moment nor are untaxed tobacco products. The five most important producers worldwide are the China National Tobacco Corporation, Philip Morris International (PMI), British American Tobacco (BAT), Japan Tobacco International (JTI) and Imperial Tobacco.
Structure:
The market is divided into the following segments:
- Cigarettes
- Smoking Tobacco
- Cigars
- E-cigarettes
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, and sales channels. To give a better representation of per capita figures, the population considered is 15 years and above.
To enable a better comparison between Cigarettes and Cigars and Smoking tobacco in terms of volume, per capita consumption and price per unit, the latter's volume is denoted in pieces, where one piece is equivalent to one gram of loose tobacco.
For more information on the displayed data, please use the info button right next to the boxes.
In-Scope
- (Filtered) Cigarettes such as Marlboro Reds, Marlboro Golds, Camel Blues, etc
- Smoking Tobacco (fine-cut and pipe tobacco) such as Marlboro Gold Fine Cut Hand Rolling Tobacco, Gold Leaf Hand Rolling Tobacco, etc
- Cigars and cigarillos such as Davidoff Nicaragua Diadema, Rock Patel Sixty Sixty, etc
- E-cigarettes and e-liquids such as Elf Bar BC5000, ZOVOO DRAGBAR B5000, etc
Out-Of-Scope
- Untaxed tobacco products such as illicit cigarettes
- Smokeless tobacco (snuff and chewing tobacco) such as Oliver Twist Arctic Chewing Tobacco, Oden’s Original Portion CB – Single Tin, etc
- Heat-not-burn products such as IQOS
