It seems possible that 2023 might actually beat out the record-setting number of premium cigars imported to the U.S. in 2022.
There were 46.6 million premium cigars imported to the U.S. in August, a drop of 3.5 percent compared to last year.
Estades was first elected as ceo of the organization in 2015.
Earlier this week, the two groups met with government officials regarding the upcoming flavored cigar ban.
The CAA’s latest report shows imports aren’t keeping pace with the record year of 2022, but they are still incredibly strong compared to pre-COVID-19 levels.
There were 464.54 million premium cigars imported into the U.S. in 2022, a record-setting year. That increase is largely due to one country: Nicaragua.
Most recently, Fojtik worked at the National Association of Tobacco Outlets (NATO).
In addition to the nearly $4 billion in lost retail sales, governments around the country would lose a combined $750 million in tax revenue.
Imports from the Dominican Republic and Honduras are more or less flat through the end of August 2022 but Nicaragua continues to grow.