Cigar Affection

  Home Page 

<<< Return to the Home Page



Cigar Affection's Excelsus Best Cigar of the Year Award

Click here to sign up for "Smoke Signals" - our regular newsletter.

Cuban cigar sales on the rise in Africa

Cigar News | 1 March 2013 |

Posted by Jeandré Hartman of Cigar Affection  

Jorge Luis Fernandez Maique, Habanos S.A. Marketing vice president.


By the end of December 2012, Habanos S.A. has raked in $416 million (R3744 million) worth of revenues, up a solid 6 percent in sale gains compared to the previous year. Those figures show the strength and the positive trend of the company’s operations, said Jorge Luis Fernandez Maique, Habanos S.A. Marketing vice president.

During his keynote speech at the opening of the 15th Habano Festival International Seminar, before a turnout of delegates and businesspeople from some 70 nations, the executive said that in a region-by-region sale breakdown, Eastern Europe sported gains in units and revenues, while the Asia-Pacific area, despite its slumping pace in units sold, it did grow in terms of revenues. 

Europe, with steady figures as far as units are concerned, skidded in total sales due to the ongoing situation hitting the southern part of the continent, with Spain and Portugal bearing the brunt of that downfall. 

As to geographical regions, Fernandez Maique said that Western Europe remained steady in terms of volumes. However, they plunged 5 percent in overall revenues. 

“We have seen the damages caused to the Spanish market,” said Maique. “There has been an undeniable increase in the Middle East, Asia and

In the case of Asia, despite a decrease in units sold, the region put good numbers on the board in terms of revenues, Mr. Maique went on to say. Out of the top ten markets for Cuban cigars, with the sole exception of Spain (-8 percent), Greece and the UK (-3 percent), the rest of the nations on this list grew, a condition that somewhat offset the decrease in the Spanish market, which continues to be the number one. 

Today, the number of Casa del Habano stores is set at 143 in 66 countries, Mr. Maique pointed out before executives from his own company and officials from Cuba’s Ministry of Foreign Trade and Investment (MINCEX).

In sales per brand, Romeo y Julieta is clearly topping the chart, followed by Montecristo and José L. Piedra, though in terms of revenues no brand beats Cohiba.

Spain continues to be the number-one world market for Habanos; Russia is going stronger with double-digit increases, and sales in Cuba ratcheted up 2 percent. Similar upticks were also reported in Canada, Lebanon and the United Arab Emirates.


Cigar Affection will offer a clearer insight into these figure in a follow up article.





Cigar Affection - South Africa's premier source of Cigar News, Reviews & Ratings for Cigar Enthusiast & Aficionados.

Copyright - Cigar Affection - All Right Reserved.

Home to the only Cigar of the Year Award in Africa: 2013 - 2014 - 2015 - 2016

web statistics