The Latin American e-cigarette market is forecasted to witness a CAGR of 5.74% during the forecast period (2022 - 2027)!
Tobacco consumption and its consequences on health are major concerns for public policy. It is estimated that 3,354 annual deaths are caused by tobacco consumption in Paraguay (12.2 % of all deaths for people older than 35).
The public health costs of dealing with illnesses related to tobacco consumption in Paraguay greatly exceed cigarette tax revenues!
Paraguay boasts one of the most advanced vape markets in South America, and is the distribution point into its nearby countries including Brazil, Argentina, Chile, and Venezuela.
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