Higher Cuban Prices
Cuban cigars are considered to be some of the finest cigars in the world and have been enjoyed by aficionados for centuries. However, in recent years, the prices of Cuban cigars have been on the rise, and one of the main reasons for this is the growing demand for these cigars in the Chinese market. The Chinese market for cigars has been growing rapidly in recent years, driven by a growing middle class and a growing interest in luxury goods. According to a report by the consulting firm KPMG, the market for cigars in China is expected to reach $1 billion by 2025. This growing demand for cigars in China has led to a shortage of high-quality cigars, including Cuban cigars. One of the reasons for the shortage of Cuban cigars in China is the U.S trade embargo, which prohibits American companies from importing Cuban cigars. This has made it difficult for Chinese consumers to access these cigars, driving up the prices. Additionally, th...