June 2024 Cigar Import Report (Summary)
This report from the Cigar Association of America (CAA) provides a summary of cigar imports for the first half of 2024, with a focus on large cigars, little cigars, and cigar leaf tobacco.
Overview of Cigar Industry Imports
Large Cigars
The table below comprises all four large cigar import HTS codes. As of June 30, 2024, year-to-date imports decreased year-over-year by 140 million cigars, reflecting a decline of 3%.
Little Cigars and Cigar Leaf Tobacco
For the first six months of 2024, year-to-date imports of little cigars saw a year-on-year increase of 40 million cigars, marking a substantial rise of 89%. Conversely, imports of cigar leaf tobacco during the same period experienced a year-on-year decrease of 100,000 kilograms (kg), representing a decline of 11%.
Premium Large Cigar Imports
Overall Growth
Premium large cigar imports rose by 1.6% YTD compared to 2023. Total imports for premium cigars reached 191.7 million units in the first half of 2024, up from 188.7 million units in 2023—a net increase of 3 million cigars. See the table below for details.
Key Trends for Premium Large Cigar Imports
Despite fluctuations in individual countries, the overall growth of 1.6% in premium cigar imports suggests sustained consumer demand. Imports from Nicaragua and the Dominican Republic were the primary drivers of growth, offsetting the decline in imports from Honduras.
Industry Trends and Market Outlook
The report highlights the mixed performance of different segments of the cigar market, with a decline in overall large cigar imports but steady growth in premium cigar imports, reflecting evolving consumer preferences and market dynamics.
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