| CIGAR IMPORTS CONTINUE DOWN |
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Page 1 of 2 Plus: Imperial Tobacco reports fiscal-year 2008 resultsLos Angeles, November 26 – Almost any smokeshop owner will tell you that cigar sales are down this year and import figures for premium cigars continue to show a significant decline for 2008. Figures issued by the Cigar Association of America, using U.S. Customs Service data, for the first nine months of 2008 showed total premium cigar imports into the U.S. at 195.67 million units. That’s down 17% from the 2007 total for the same period of 235.74 million, but that figure included an unknown quantity of little cigars and cannot be used for direct comparison. But imports are down. Those three countries accounted for 98.9% of all U.S. cigar imports, with small amounts coming in from Mexico (1.09 million), the Philippines (516,000) and the Bahamas (465,000) as well as Costa Rica and Jamaica. If one looks at the total cigar import picture, the scenario is quite different: total imports are up! For the first nine months of 2008, total cigar imports into the U.S. of premium, machine-made and small cigars jumped to 1.045 billion. That’s 18.0% ahead of the first nine months of 2007. Machine-made large cigar imports have increased by 37.9% to 561.99 million in 2008 and little-cigar imports are up 18.6% to 287.32 million, although there is a question about whether about 126 million machine-made cigars from Colombia are large cigars or little cigars. These figures, which do not include the massive machine-made cigar operations in the U.S. from Swisher International, John Middleton or Altadis U.S.A. in Puerto Rico, show the increased popularity of smaller and less expensive cigars, a worrying trend for makers of premium cigars. |
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