Imports of premium cigars maintain strong momentum
By 2021, the U.S. cigar market will still maintain a strong momentum, and the shipment of handmade cigars will be very fast. The US government just announced that the number of cigar imports in May was 39 million, twice the amount of 19.50 million in May 2020. According to data from the Cigar Association of America, more than 171 million premium cigars were imported in the first five months of this year, an increase of 73% from the 99 million imported in the first five months of 2020.
Of course, 2020 is an unexpected year. At the beginning of last year (including May of this year), some cigar factories were forced to close, and many distribution chains were interrupted. In order to better look forward to 2021, we should review the situation before the new crown pandemic. May 2021 is stronger than May 2018 (imported 32.3 million cigars) and May 2019 (32 million cigars). The data for the first five months of 2021 also far exceeds the data for the same period in 2018 and 2019. Nicaragua continued to maintain its dominant position, with shipments of 20.3 million units, an increase of 62% from the 12.5 million units in May 2020. The Dominican Republic ranked second with 12.2 million units shipped, nearly three times the 4.1 million units in May 2020. Honduras is the third largest cigar producer in the world. In May this year, it exported 6.3 million cigars, more than double the amount in May last year. The cigar market is booming during the epidemic, and Americans trapped at home have more time to reward themselves and enjoy the joy of premium cigars. The performance in the second half of 2020 was very strong, especially December 2020, which was one of the best months, which was an increase of 71% from the figure in December 2019. In 2020, cigar imports increased by 7% to 361 million, which is one of the best years since the cigar boom in the 1990s. The urgent question is whether the cigar market can continue to grow in the second half of 2021.
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