Report gross sales of hand-rolled Cuban cigars in 2021

Report gross sales of hand-rolled Cuban cigars in 2021

Cuban state monopoly Habanos SA has introduced report gross sales of its fashionable hand-rolled cigars for 2021, after reporting low income from the pandemic within the two years earlier than.

COVID-19 journey restrictions in 2020 dealt a extreme blow to demand from nations that depend on tourism and gross sales of duty-free outlets at airports, reducing the corporate’s income, Reuters reported.

Nevertheless, Habanos’ income jumped 15% final 12 months, in line with an announcement on the corporate’s web site after among the journeys had been resumed.

Cuban hand-rolled cigars, which embody manufacturers comparable to Cohiba, Montecristo and Partagas, are thought of by many to be the very best on this planet.

The excellent news about gross sales of cigars, that are one in all Cuba’s important exports, is a rarity for the nation’s financial system, which has been hit by the pandemic and tight US sanctions.

Habanos additionally mentioned it will unify the costs of its luxurious cigars in its markets, utilizing Hong Kong as a place to begin for setting Cohiba and Trinidad costs.

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Following an announcement from Cigar Aficionado, they predicted that the worth of Cohiba’s bigger cigars would quickly exceed $ 100 apiece, noting that the Hong Kong market is among the many costliest on this planet.

“Bigger Cohiba cigars will promote for $ 100 apiece, and containers will not value lots of of {dollars}, however hundreds,” the paper mentioned in an announcement.

Habanos mentioned Spain, China, Germany, France and Switzerland had been the principle markets for Cuban cigars.

Cuba has been unable to put its hottest product on the world’s largest cigar market, the USA, as a consequence of many years of commerce embargoes.

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