Start Cuban Cigar Import Business

tendata blogImport News

ten data blog26-03-2024

Tobacco has long been popular across the entire Caribbean region, but if you look at the most famous cigars sold worldwide, you'll find that most of them come from Cuba. Cuban cigars contribute nearly a quarter of the country's total export revenue.

According to Agence France-Presse (AFP), with the increasing global demand for luxury goods, Cuban cigars are the largest export product of this island nation, with international sales growing by 31% last year. As the pandemic subsides, the demand for luxury goods, especially premium cigars, has seen a very strong growth in all regions.

Cuban cigars are considered the finest in the world, with numerous factories across the country where locals spend their days carefully rolling dried tobacco leaves into neatly crafted cigars, which are then packaged and branded.

Some of the most famous Cuban cigar brands include Cohiba, Montecristo, Partagas, and Romeo y Julieta.

In terms of value, China remains the largest export market for cigars globally, followed by Spain, Switzerland, Germany, and the United Kingdom. The report states that, as a region, Europe is the most significant market, accounting for 56% of Cuban cigar exports.

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Through careful planning, unique product supply, excellent marketing, and accurate Cuban cigar import data, the import and sales business of Cuban cigars can yield significant profits. However, due to the various cigar suppliers in Cuba, the cigar import business is fraught with competition and challenges. To maximize your chances of success, conduct market analysis of your target market and devise sound marketing strategies. Therefore, if you are looking for the latest reliable Cuban cigar import data for reference, consider obtaining real-time, reliable information from platforms like Tendata, saving yourself time and improving efficiency by 200%. We provide trustworthy importer data, exporter data, HS codes, and more. (>>Contact Tendata now)

Customs data contains a vast amount of information, and extracting relevant customer contact information can be time-consuming. Is the outcome truly unsatisfactory, or is it due to using customs data in the wrong way, resulting in wasted effort and time?

Utilizing customs data for customer development involves accurately profiling all purchasers and their procurement systems in the target market. This approach swiftly identifies the highest compatibility customers, assesses their credit systems and procurement details, pinpoints premium customers and profit potential, enhances development efficiency, and elevates results. When developing new clients using customs data, consider the following three approaches for reference. (>>>Click to Get Free Access to Customs Data from 80+ Countries<<<)

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1. Establishing a Customer Resource Repository by Country

Creating a customer resource repository is akin to your own work record sheet. Begin by utilizing trade tracking functionality to compile a list of all customers from a particular country. Next, perform specific analyses based on factors such as each purchaser's procurement volume, purchase cycle, product specifications, and supplier systems (with emphasis on examining the diversity or singularity of their supply channels; preferably retaining customers with diversified suppliers, as those relying on a single supply channel may be harder to develop). Lastly, filter out the potential high-quality customers constituting 30% of this country's total, and record them in your customer resource repository, allowing flexible categorization by country, time, customer name, follow-up steps, contact numbers, emails, and contacts. (>>>Click to Start Developing Customers for Free<<<)

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2. Creating a Customer Resource Repository by Peer Companies

Have a solid understanding of peer companies' English names (including full names, abbreviations, etc.). Utilize the global networking capability of suppliers to generate a list of all clients associated with peer companies within the system. Following this, perform essential analyses on these clients based on factors like procurement volume, procurement cycle, product models, and others. Ultimately, identify and record the key customers of your targeted peer companies in your customer resource repository.(>>>Click to Start Developing Customers for Free<<<)

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3. Cataloging New Customers from Each Country

For newly emerging customers from specific countries, use the trade search function to select the country, set the date range and limit product names or customs codes. Check "Newest," and the search results will display high-quality customers that emerged most recently in that country within the designated timeframe. Since these customers are newly established, with recent procurement transactions, their supplier stability might be unsteady. Therefore, prioritize following up with these new potential buyers. Lastly, record all these new prospects in your customer resource repository.、(>>>Click to Start Developing Customers for Free<<<)

All three strategies for utilizing customs data to develop customers can be tailored to your company's actual needs. Depending on market conditions, industry specifics, strategic requirements, etc., find the approach that suits you best, with the sole aim of classifying and organizing your premium customers. Once you've found suitable customers, the next step is to contact them precisely, employing various methods such as phone calls, emails, and online chats.

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