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Jan 25

Open
The U.S. Court of Appeals for the District of Columbia has ruled in favor of the cigar industry in the case Cigar Association of America et al. v. FDA. The court affirmed that the FDA's regulation of premium cigars was arbitrary, as evidence on the risk profile of premium cigars was ignored. As a result, the FDA’s rule on premium cigars has been vacated. The decision sends the case back to the district court to further define what constitutes a "premium cigar." "This is a great victory for the cigar industry," said CAA Chairman Javier Estades. "CAA is proud to have led this effort alongside our partners to secure this outcome." CAA President Scott Pearce added, “After so many years of hard work, it is a wonderful day for the cigar industry.” https://loom.ly/lYjNvtI #caa #cigarassociation #fda

Jan 24

Open
Panama saw the import of 30,000 premium cigars to the U.S. by the end of October 2024 with 5,000 cigars imported for the same period in 2023. The average 2024 value was $618 per 1,000 cigars. This data reflects Panama's potential in the premium cigar market. https://loom.ly/ZMC2NT0 #caa #cigarassociation

Jan 22

Open
The Bahamas 5,000 cigars imported through October 2024. Even though down in 2024, this emerging market still shows possible potential for growth. https://loom.ly/ZMC2NT0 #caa #cigarassociation

Jan 20

Open
From the Philippines, we saw an increase in premium cigar imports, totaling 675,000 cigars in 2024, up 87% from 360,000 in 2023. The average value per 1,000 cigars also rose from $264 to $312. With this high YOY increase, the presence of Filipino cigars in the U.S. market is still steady. https://loom.ly/ZMC2NT0 #caa #cigarassociation

Jan 17

Open
Mexico rebounded and saw a slight increase in premium cigar imports to the U.S., with 82,000 cigars imported as of the end of October 2024 compared to 89,000 in 2023, down 8% in 2024. The average value per 1,000 cigars significantly rose 37% from $2,048 to $2,818. https://loom.ly/ZMC2NT0 #caa #cigarassociation

Jan 15

Open
The average value per 1,000 cigars imported from Honduras rose to $1,310 as of October 2024 from $1,256 in 2023, reflecting a steady appreciation of Honduran cigars in the U.S. market. Our data underscores the rising value of premium cigars. https://loom.ly/ZMC2NT0 #caa #cigarassociation

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