Peru: Tobacco Market 2025

Tobacco Market Size in Peru

In 2021, after two years of growth, there was decline in the Peruvian tobacco market, when its value decreased by -2.7% to $X. Overall, consumption saw a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 9.7%. Tobacco consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Tobacco Production in Peru

In value terms, tobacco production fell modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of 13%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Tobacco Exports

Exports from Peru

In 2021, shipments abroad of tobacco (smoking tobacco, chewing tobacco, snuff) increased by 31% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 868% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, tobacco exports surged to $X in 2021. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,009% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Costa Rica (X tons) and Argentina (X kg) were the main destinations of tobacco exports from Peru, together comprising 72% of total exports. The UK, Hong Kong SAR, Austria, Chile and the United States lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tobacco exported from Peru were Germany ($X), the UK ($X) and Argentina ($X), with a combined 68% share of total exports. Hong Kong SAR, Costa Rica, Austria, Chile and the United States lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Chile, with a CAGR of +41.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tobacco export price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2018 an increase of 84%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Imports

Imports into Peru

In 2021, overseas purchases of tobacco (smoking tobacco, chewing tobacco, snuff) increased by 123% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 330% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, tobacco imports skyrocketed to $X in 2021. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 310%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Dominican Republic (X tons) constituted the largest tobacco supplier to Peru, with a 77% share of total imports. Moreover, tobacco imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by Germany (X kg), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from the Dominican Republic amounted to +46.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+53.7% per year) and Germany (+30.3% per year).

In value terms, the Dominican Republic ($X) constituted the largest supplier of tobacco (smoking tobacco, chewing tobacco, snuff) to Peru, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Germany, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from the Dominican Republic totaled +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+29.6% per year) and Germany (+40.6% per year).

Import Prices by Country

In 2021, the average tobacco import price amounted to $X per ton, shrinking by -39.8% against the previous year. Overall, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :