Plasencia Cigars has announced that it will increase the prices of its cigars effective April 17, 2023.
According to the company, the changes amount to the following:
- Plasencia Alma del Campo — 8 percent
- Plasencia Alma del Fuego — 8 percent
- Plasencia Alma Fuerte — 9 percent
- Plasencia Cosecha 146 — 7 percent
- Plasencia Cosecha 149 — 7 percent
- Plasencia Reserva Original — 7 percent
“We understand that this news may not be ideal, and we have tried to avoid it for as long as possible. However, various factors beyond our control have necessitated us to adjust our pricing. The cost of packaging materials and shipping have increased due to inflation, which has heavily impacted our bottom line,” said the company in an email to retailers.
It is widely expected that most cigar companies will be increasing prices in or around early 2023, most of which are likely to be announced in the first quarter of the year as that is when most companies traditionally make these announcements. Reasons for these increases include increased costs for tobacco and packaging, increased competition for labor, general inflation, and mirroring competitors’ price adjustments.
The following chart looks at what companies have announced price increases or no price increases for 2023.
Company | Price Increase? |
---|---|
AJ Fernandez | No |
Alec Bradley | Yes |
All Saints Cigars | Yes |
Battleground | No |
Bellatto Premium Cigars | Yes |
Bocock Brothers | Yes |
Caldwell | Yes |
CLE | Yes |
Crowned Heads | Yes |
Crux | Yes |
D'Crossier | No |
Davidoff | Yes |
Drew Estate | Yes |
Dunbarton Tobacco & Trust | Yes |
E.P. Carrillo | Yes |
Epic | No |
Espinosa Premium Cigars | Yes |
Esteban Carreras | No |
Fable | No |
Favilli | No |
Ferio Tego | No |
Forged Cigar Co. | Yes |
Foundation Cigar Co. | No |
Fuerte y Libre | Yes |
Garo | No |
General Cigar Co. | Yes |
Gran Habano | No |
Habanos S.A. | Yes |
Howard G Cigars | No |
Iconic Leaf | Yes |
Illusione | No |
J.C. Newman | Yes |
Karen Berger | No |
La Flor Dominicana | No |
La Palina | Yes |
La Sirena | No |
Lost&Found | Yes |
Lotus/Vertigo | No |
Luciano Cigars | No |
Maya Selva Cigars | Yes |
Miami Cigar & Co. | No |
My Father Cigars | No |
Oscar Valladares Tobacco & Co. | Yes |
Oveja Negra Brands | No |
Paul Garmirian | Yes |
PDR Cigars | No |
Perdomo | Yes |
Platinum Nova | No |
Plasencia Cigars | Yes |
Powstanie | Yes |
Quality Importers Trading Co. | No |
Rocky Patel | Yes |
Rojas Cigars | Yes |
Sinistro Cigars | Yes |
Southern Draw | No |
Vintage Rock-A-Feller | No |