The industry experienced an unprecedented boom between 1993 and 1997, when volumes increased by 500 percent as fine cigars turned into a hot, high-status product. But production of quality cigar tobacco lagged behind market demand during the boom, and the fad element faded. As a result, cigar sales started to slump.
Cigar imports peaked at 417.8 million cigars in 1997, then dropped to248 million in 1999, according to an Associated Press report. But by 2005 imports had increased again to 319.4 million, and slight increase is expected for 2006.
The report quoted Cooper Gardiner, the vice president of marketing for Tampa-based General Cigar Co., the largest manufacturer of imported, handmade cigars in the U.S., as saying that although the industry is not seeing the number of new cigar smokers seen in the 1990s, the expects the industry to see increases of a few percentage points a year if the tobacco supply can keep up with demand.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now