Nicaraguan Tobacco for China
Wednesday, January 14, 2015
Increasing the amount of land planted, consolidating markets where there is already a presence and exporting cigars to China are part of the tobacco industry's goals for 2015.
It is expected that in 2015 tobacco exports will grow by 5% and reach new markets such as those in China, Morocco and other Middle Eastern countries, where it is estimated that cigars would be very well received. These new destinations would join the 79 countries where sales are already being made. In 2013 total exports amounted to $227 million.

Elnuevodiario.com.ni reports that "... In terms of investment, the idea is to gradually increase the amount of land planted with tobacco in the country. Currently, it is estimated that there are about 10,000 hectares grown in that category in the country." Regarding this Nestor Plasencia, president of the Nicaraguan Association of Tobacco, stated "... assessments are being made of land for tobacco cultivation in the area of Valle de Pantasma, among other areas. "

He added, "... One market of interest is China, because it is a country where there is little presence. Several of the companies in the association are interested in increasing this market. "
Source:elnuevodiario.com.ni
Source:elnuevodiario.com.ni
More on this topic
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Figures from the Cigar Association of America indicate that in 2018 Nicaragua exported 140 million cigars to the North American country, a figure surpassing the 95 million sold by companies in the Dominican Republic and the 75 million exported by Honduras. However, the goal of the Nicaraguan industry is to gain a greater presence in Europe, a market that until now has been dominated by products from Cuba.
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Nicaraguan cigars are consumed in over 70 countries worldwide, where they already faces competition from Cuban tobacco. Nicaraguan tobacco manufacturers believe that if the trade embargo is lifted and Cuban tobacco starts to enter the US market, increased competition will open up opportunities for increasing productivity in the sector and improving the product in terms of variety and quality.
The Tabacco "Boom" in Nicaragua
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In the department of Estelí, the main producing area, the price of land has risen, driven by increasing demand for areas in which to grow tobacco plants.
In 2013 cigar exports generated revenues in excess of $200 million and production achieved a 18% growth compared to the previous year, reflecting the good performance of the tobacco industry in the country. Nestor Plasencia, industry entrepreneur and president of the Association of producers of Nicaraguan cigar makers, said that "... more than 90% (of domestic production) comes from the department of Estelí."
Nicaragua Hosts Tobacco Festival
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The "First Tobacco Festival 2009, Flavor and Aroma of Nicaragua", will take place on the first week of December.
The objective of the festival is to promote the country's tobacco industry both domestically and internationally.
Goods
tobacco cigars
Key entities
Néstor Plasencia Asociación Nicaragüense de Tabacaleros
Countries
Nicaragua China Morocco
Insight
tobacco industry Tobacco production plantexpanding cultivations exports investmentmarketplace Market expansion explore marketsAgroindustry International Commerce
RELACIONADO
tobacco
cigars
tobacco industry
Agroindustry
exports
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