Cuba’s Cohiba Behikes Price Hike: What You Need to Know

Cuba Increases Prices Of Cohiba Behikes

Welcome, fellow cigar aficionados! In this comprehensive article, we will delve into the fascinating world of cigars, specifically the prestigious Cohiba Behikes from Cuba. Recently, Cuba increased the prices of these luxurious cigars, and we’re here to dissect the reasons behind it and the consequences of this decision. So buckle up, as we embark on a journey into the heart of the cigar world, exploring the impact of this price hike on connoisseurs and collectors alike.

If you surmised that Cohiba Behikes were exorbitant following the previous year’s surge in cost, prepare for a profound sense of astonishment. The prices of Cuba’s highly sought-after Behike BHK series have soared once again, with the majority of increases hovering around 50 percent.

The online response was nearly instantaneous last year when Cuban cigar distributor Habanos S.A. proclaimed a significant worldwide escalation in cigar prices. Cohibas and Trinidads, it was decreed, would be pegged to the Hong Kong dollar in every market globally, resulting in the instant doubling, and in some instances tripling, of prices for these flagship brands, with numerous Cohibas nearing $100 per cigar.

Yet, just as it appeared that Cohibas could not become more costly, Habanos surpassed expectations. In January, prices for the Cohiba Behike series leaped once more, this time by an additional 45 to 57 percent, depending on the size. The most sizable Cohiba Behikes are currently valued at approximately $300 each, a price comparable to that of numerous full boxes of cigars in the United States. The fluctuations vary by market. In London, the retail price of the Cohiba Behike BHK 52 escalated from £110 to £160.80 (about $201.50), a 45 percent increase. The larger BHK 54 experienced a leap from £130 to £204.20 (about $256), a 57 percent augmentation. Additionally, the substantial BHK 56 rose from £150 to £225 (about $280) per cigar, signifying a 50 percent spike in price. This equates to $2,800 per box of 10, assuming they can be located. Demand has perpetually exceeded supply for Behikes since their commercialization in 2010. Boxes are frequently allocated before arrival, and retailers may occasionally be discerning when determining which customers are deemed worthy of acquiring these scarce luxuries.

Considering a trip to Spain to conserve a few dollars? Reconsider. Although Spain has historically been a less expensive market for Cuban cigars, the new global pricing eliminates any such discounts, and prices have risen slightly more than 50 percent per cigar. From Barcelona to Madrid, a Cohiba Behike BHK 52 now demands 180 euros (up from 118 euros), which translates to around $200; the BHK 54 is priced at 227 euros (up from 150 euros), amounting to roughly $251; and the BHK 56 carries a price tag of 250 euros (up from 166 euros), converting to approximately $275.50 per cigar.

Should you find that steep, Canada’s retail prices for the trio are C$307, C$404, and C$440, respectively, which equate to about $230, $300, and $330. They too witnessed a 50 percent increase.

Other nations such as Chile did not experience the price hike until March, and Germany’s prices remained stable until April, granting smokers in Hamburg and Frankfurt a brief reprieve to conserve funds. Presently, Behikes in Deutschland bear pricing akin to the rest of the world.

The Reasons Behind the Price Increase

The Cuban government has raised the prices of Cohiba Behikes for a variety of reasons. Let’s take a closer look at some of the factors that contributed to this decision:

Economic Factors

The Cuban economy has been facing a slew of challenges in recent years, with sanctions and political unrest taking a toll on their financial stability. This has led to a sharp decline in their currency’s value, which in turn has necessitated price adjustments to keep businesses afloat.

Production Costs

Cuba has a reputation for producing some of the finest cigars in the world, and Cohiba Behikes are no exception. With their meticulous craftsmanship and use of high-quality tobacco, it’s no surprise that production costs are on the rise. This, coupled with increasing labor costs, has contributed to the price hike.

The Impact on Collectors and Connoisseurs

With the recent price increase, collectors and connoisseurs might find themselves in a bit of a pickle. While some may be able to stomach the higher prices, others may find it more challenging to maintain their collections or indulge in their favorite pastime.

How the Market is Adapting

In response to the price hike, the market is adapting in several ways. Some cigar enthusiasts are seeking alternatives to Cohiba Behikes, while others are opting to purchase the luxurious cigars in smaller quantities. Meanwhile, retailers are finding ways to adjust their pricing strategies to accommodate the changes.

A Brief History of Cohiba Behikes

Before we continue, let’s take a step back and explore the history of these prestigious cigars.

The Birth of a Legend

The origins of the Cohiba brand date back to the 1960s, when the Cuban government sought to create a premier cigar that could be gifted to visiting diplomats and dignitaries. The result was the birth of Cohiba, a brand that would eventually become synonymous with luxury and prestige.

The Behike Line

The Cohiba Behike line was introduced in 2010, as a limited edition to celebrate the brand’s 45th anniversary. Named after the tribal leader of the indigenous Taíno people, these cigars quickly gained a reputation for being the pinnacle of the cigar world.