Casa Cuevas has announced that it will be increasing the prices on its core lines as it aims to keep up with rising costs that are affecting nearly every aspect of the cigar manufacturing process.
“The price of everything has gone up,” Luis Cuevas Jr. told halfwheel. He noted that rollers are charging more, which is being driven by a shortage of workers for that position. The cost of living in the Dominican Republic has increased, which has led to increased wages for other people in the factory, such as those who handle packaging, deveining of leaves, sorting, and so on.
In addition to the cost of labor, the cost of raw materials has increased, Cuevas said. This includes both the cost to grow and process tobacco, as well as the cost to get it from its country of origin to the company’s factory in the Dominican Republic.
As a result, the company is increasing the wholesale cost of its regular production, core line cigars by seven percent, while leaving the cost of its limited editions the same.
“We are keeping everything else the same in order not to be abusive with our customers, and because, while the profit margins are lower, it makes sense to try to keep the shop keepers happy and, by default, the consumers as well,” Cuevas said in an e-mail to halfwheel.
While a select group of companies—notably Altadis U.S.A. and Davidoff of Geneva USA—announced price increases in Q3 and earlier in Q4, most cigar companies announce their price increases around the new year. Below is a list of companies that have announced whether they will have a price increase heading into 2024.
Company | Price Increase? |
---|---|
ADV & McKay Cigar Co. | Yes |
AGANORSA Leaf | Yes |
AJ Fernandez | Yes |
All Saints Cigars | Yes |
Altadis U.S.A. | Yes |
Arango | No |
Artesano del Tobacco | No |
ATL Cigar Co. | No |
Bellatto Premium Cigars | Yes |
Black Label Trading Co. | Yes |
Black Star Line Cigars | No |
Boveda | Yes |
Caldwell Cigar Co. | Yes |
Casa Caraballo | No |
Casa Cuevas | Yes |
Colibri | No |
Crowned Heads | No |
Dapper Cigar Co. | Yes |
Davidoff of Geneva | Yes |
Drew Estate | Yes |
E.P. Carrillo | Yes |
El Septimo | No |
Espinosa Premium Cigars | No |
Esteban Carreras | Yes |
Fosforo | Yes |
Freud Cigar Co. | No |
Habanos S.A. | Yes |
HVC | Yes |
Iconic Leaf | No |
Jake Wyatt Cigar Co. | No |
Kafie 1901 | No |
KBF | No |
Kristoff | No |
La Aurora | Yes |
Lampert Cigars | No |
Lost&Found | Yes |
Lotus/Vertigo | No |
My Father | No |
Ohana Nui | No |
Oliva | Yes |
Patina | Yes |
Perdomo | Yes |
Potter Cigars | No |
Powstanie | Yes |
Principle Cigars | No |
Rocky Patel | Yes |
RoMa Craft Tobac | Yes |
Santa Clara | No |
Sinistro | Yes |
Somm | No |
Southern Draw | Yes |
Stolen Throne | No |
Sutliff | No |
Tabanero Cigar Co. | No |
Tatuaje | No |
Vector-KGM | No |
Villiger Cigars North America | Yes |
Warfighter Cigar Co. | No |