Price Increases of Handblown Wine Glasses

There has been significant inflationary pressure on handblown wine glasses. Cost pressures include everything from freight, logistics and energy costs. Also, there have been supply issues, meaning producers are being more aggressive with pricing. Since pre-pandemic, Gabriel Gold is up 23%, and is now priced at a whopping $88. Zalto's 15% price hike in comparison seems minor. Amazingly, Jancis's glasses are still the same at $56, perhaps they simply haven't adjusted yet (note on May 7, we found that Jancis also raised their prices 14%). The median price increase over the 2 year period is 17% - 7% in 2021 and 9% in in 2022.

At Glasvin, we've tried to keep prices flat despite inflationary pressures. Our direct-to-consumer business model allows us greater flexibility in pricing. We have also improved our cost structure so we can remain profitable. That is not to say a price increase is not on the horizon, but no decisions have been made

2020 2021 2022 2021 2022 combined
Glasvin $35 $35 $35 0% Buy
Gabriel $71 $78 $88 10% 12% 23% Buy
Grassl $55 $60 $63 9% 5% 15% Buy
Jancis $56 $56 $64 14% 14% Buy
Josephinen $68 $74 9% 9% Buy
Mark Thomas $58 $58 $66 15% 15% Buy
Nude $65 $72 $83 11% 15% 28% Buy
Sophienwald $50 $60 $60 20% 0% 20% Buy
Zalto $59 $63 $68 7% 8% 15% Buy
Min $50 $56 $56 12% 0% 12%
Median $58 $62 $67 7% 9% 17%
Mean $71 $78 $88 10% 12% 23%