Millions
The cigar industry traces its roots back to the 10th century when the Mayans were known to smoke tobacco in various forms, including cigars. However, the popularity of cigars exploded in the 16th century, when Christopher Columbus introduced tobacco to Spain. Since then, cigars have become an integral part of life for many people worldwide.
Cigar aficionados have different preferences and tastes, resulting in a vast market for cigars globally. Currently, China leads the world as the biggest market for Cuban cigars, experiencing a 15% increase in sales on the mainland in 2020. Despite the high cost of Cuban cigars, their popularity seems to be ever-increasing.
In recent years, the number of active smokers has risen from 60.3 million people in 2011 to 69.1 million in 2021. This increase in the number of smokers presents a significant opportunity for the cigar market to grow further. The trend is noticeable not only in developed countries but also in emerging markets worldwide.
The global cigar market size was valued at USD 41,570.60 million in 2021 and is expected to reach USD 114,355.50 million by 2030. Experts project that the market will grow at a CAGR of 11.90% during this period. The growth rate is significant, which indicates a bright future for the cigar industry.
According to a report released by the Cigar Association of America, the United States imported 464.5 million cigars in 2020, indicating a slight decline from the 470.8 million imported in 2019. The report revealed that the top three cigar-importing countries were the Dominican Republic, Nicaragua, and Honduras.
Cigars come in different sizes, shapes, and flavors. Some are mild, while others are full-bodied. Experienced smokers prefer the Cuban cigar, known for its rich flavor and unique aroma. The cigar is created using a blend of premium tobacco harvested from the rich soils of the Cuban countryside.
The price of cigars varies widely, depending on several factors, such as their origin, flavor, and length. Some of the most expensive cigars in the world are the Cohiba Behike from Cuba, the Gurkha Black Dragon from the Dominican Republic, and the King of Denmark Cigar from Denmark. These cigars can fetch over $50,000 per cigar, making them a preserve of the wealthy.
In conclusion, the cigar industry continues to grow despite the high cost and the health concerns surrounding smoking. The industry has a bright future, as seen in the projected significant growth rate of 11.90% from 2021 to 2030. Despite the various cigar preferences, the Cuban cigar remains the most sought-after among cigar enthusiasts worldwide. However, it is essential to remember that smoking is harmful to health, and excessive consumption of tobacco can lead to severe health complications.