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Saturday, September 12, 2015 8:58:03 AM
That averages out to 160% growth annually. Everything I've read about the cigar industry in China seems to point this way, too. It is a growing like crazy over there.
I personally lived in China (Hong Kong) for a few years and I can testify to the fact that the Chinese smoke like an Ozzy Osbourne concert.
Using these numbers means that by 2017 the cigar industry will be a $32B as in Billion dollar industry. But where does that put us now?
2012 - 4B
2013 - 9.6B
2014 - 15.2B
2015 - 20.8B
2016 - 26.4B
2017 - 32B
Realistically the cigar industry in China in 2015 is a 20 billion dollar a year industry. If Cathay is the "leading distributor of non-Cuban cigars" and captures even a fraction of 1% of that business........HOLEY MOLEY.
MEDIA SHOWING THE MASSIVE GROWTH OF THE CIGAR INDUSTRY IN ASIA
http://www.forbes.com/sites/shuchingjeanchen/2015/01/21/luxury-cigars-from-cuba-to-china/
http://www.cityofbeijing.gov.cn/2015-01/16/content_19333807.htm
http://cigarambassador.com/page.aspx?node=89&f=en
http://www.bloomberg.com/news/videos/b/7064a2bf-9953-4525-96d1-f15985d21bae
https://www.famous-smoke.com/cigaradvisor/mr-blanco-goes-to-china
http://halfwheel.com/oettinger-davidoff-ag-eyes-expansion-china-new-joint-venture
http://www.cigaraficionado.com/webfeatures/show/id/17526
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