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Smoking Tobacco - Latvia

Latvia
  • In 2024, the Smoking Tobacco market in Latvia recorded a revenue of US$6.1m.
  • It is projected to experience an annual growth rate of 2.80% from 2024 to 2029 (CAGR 2024-2029).
  • In terms of global comparison, China generates the highest revenue in the Smoking Tobacco market, amounting to US$14bn in 2024.
  • When considering the population size, the per person revenue in Latvia's Smoking Tobacco market is US$3.71 in 2024.
  • Looking ahead, the volume in the Smoking Tobacco market is expected to reach 47.6m pieces units by 2029.
  • Additionally, there will be a slight volume growth of 0.5% in 2025.0.
  • On average, each person in Latvia is expected to consume 28.5pieces units of Smoking Tobacco market in 2024.
  • Despite efforts to curb smoking, Latvia continues to have a strong demand for traditional smoking tobacco products.

Definition:

Smoking Tobacco includes loose tobacco that is used for rolling cigarettes (Roll-your-own cigarettes, RYO) as well as pipe tobacco. Smokeless tobacco (chewing tobacco, snuff, and similar products) is currently not included. Smoking Tobacco is especially popular in Europe where different taxation levels highly incentivize hand-rolling of Cigarettes. In contrast, in countries with a rather low-price level of filter Cigarettes, Smoking Tobacco's role is insignificant.

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 of Smoking Tobacco with filter Cigarettes and Cigars, Smoking Tobacco volume is shown here in pieces (one piece of Smoking Tobacco, equivalent to one gram, can be counted as smoking unit comparable to one cigarette).

For more information on the displayed data, please use the info button right next to the boxes.

In-Scope

  • Fine-cut tobacco (roll-your-own, RYO) such as Marlboro Gold Fine Cut Hand Rolling Tobacco, Gold Leaf Hand Rolling Tobacco, etc
  • Pipe tobacco such as Danish Mixture Pipe Tobacco, Ashton Rainy Day, etc

Out-Of-Scope

  • Untaxed Smoking Tobacco such as illegally sold smoking tobacco
  • Cigarettes such as Marlboro Reds, Marlboro Golds, Camel Blues, etc
  • Smokeless tobacco (snuff and chewing tobacco) such as Oliver Twist Arctic Chewing Tobacco, Oden’s Original Portion CB – Single Tin, etc
Smoking Tobacco: market data & analysis - Cover

Market Insights report

Smoking Tobacco: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Price

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Analyst Opinion

    Smoking Tobacco (including pipe tobacco but excluding smokeless tobacco) is mostly relevant in markets where taxation differentials induce consumers to substitute ready-made cigarettes with roll-your-own cigarettes. To make overall per-capita consumption more comparable, smoking tobacco is described in terms of grams here, with one gram of tobacco roughly equaling the content of one filter cigarette.

    Sales Channels

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on consumer spending on Smoking Tobacco.

    Modeling approach:

    The segment size is determined through a bottom-up approach. In order to analyze the markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as smoking rates, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing and regression analysis. The selection of forecasting techniques is based on the behavior of the relevant market.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.

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    Smoking Tobacco: market data & analysis - BackgroundSmoking Tobacco: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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