New Report Available: Cigars in the Philippines
The majority of cigars consumed in the Philippines are locally made while only about 12% are imported, mainly because of the competitive quality of locally produced cigars and their affordability compared to imported brands. Moreover, the volume of imported cigars declined from 2006 to 2011 and decreased significantly in 2011. Exports also declined during these periods while local production recovered from 2008 to 2011, after the declining trend from 2005-2007, signifying an increase in the...
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