The tobacco market in Mexico was valued at 4.55 billion USD in 2016 (calculated in retail selling prices). From 2016 to 2020, it grew at a compound annual growth rate (CAGR) of 0.34% to reach 4.61 billion USD. The market was dominated by cigarettes. In 2020, the segment recorded a share of 100%.
In 2016, the per capita consumption value of tobacco in Mexico was 36.87 USD (in retail prices). Until 2020, the consumption decreased at a CAGR of -0.77% to reach 35.75 USD. That was lower than the average value for North America, whose per capita consumption of tobacco was equal to 230.16 USD in 2020.
The market research report presents a strategic analysis of the market and a forecast for its development in the medium term. The research study provides a comprehensive overview of the market:
- Volume and value size and dynamics,
- Structure and characteristics;
- Competitive landscape and major companies;
- Trends and challenges;
- Growth and demand drivers;
- Consumption and prices;
- Imports and exports;
- Forecast for development.
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