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France - Rum - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Feb 3, 2023
France's Rum Price Declines Slightly to $6.5 per Litre, Fluctuating Wildly over 2022
France Rum Export Price in October 2022
In October 2022, the rum price stood at $6.5 per litre (FOB, France), stabilizing at the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 22% month-to-month. As a result, the export price attained the peak level of $9.4 per litre. From June 2022 to October 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($12.5 per litre), while the average price for exports to Spain ($1.6 per litre) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
France Rum Exports
For the third month in a row, France recorded growth in shipments abroad of rum, which increased by 24% to 2.4M litres in October 2022. In general, total exports indicated notable growth from January 2022 to October 2022: its volume increased at an average monthly rate of +4.8% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, exports increased by +112.3% against May 2022 indices. The most prominent rate of growth was recorded in June 2022 when exports increased by 40% m-o-m. Over the period under review, the exports attained the maximum in October 2022.
In value terms, rum exports surged to $15M (IndexBox estimates) in October 2022. The total export value increased at an average monthly rate of +5.2% from January 2022 to October 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
France Rum Exports by Country
Spain (578K litres), Germany (312K litres) and the United States (197K litres) were the main destinations of rum exports from France, together accounting for 46% of total exports. Italy, Belgium, Latvia, the Netherlands, Japan, the Czech Republic, Burkina Faso, the UK and Australia lagged somewhat behind, together comprising a further 27%.
From January 2022 to October 2022, the biggest increases were in Latvia (with a CAGR of +33.7%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the United States ($2.5M), Germany ($1.8M) and Spain ($951K) constituted the largest markets for rum exported from France worldwide, with a combined 34% share of total exports. Italy, the Czech Republic, Belgium, Latvia, the Netherlands, the UK, Japan, Australia and Burkina Faso lagged somewhat behind, together comprising a further 28%.
Latvia, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Rum Market Overview
France is one of the world's leading producers and consumers of rum, with a market that is both large and diverse. The country has a long history of rum production, dating back to the colonial era, and today there are dozens of different brands and styles of rum available.
France's climate is ideal for growing sugarcane, which is one of the main ingredients in rum. The warm weather and ample rain provide perfect conditions for sugarcane to thrive, making France an important producer of rum. Some of the major players operating in the rum market in France include Pernod Ricard SA, Bacardi Limited, Diageo plc, and Rémy Cointreau SA.
The growing preference for premium and quality products, particularly among the younger generation, is one of the major factors driving the growth of the rum market in France. Moreover, the rising tourism industry is also providing a boost to the sales of rum in the country.
However, the high excise duty and VAT rates on alcoholic beverages are restraining the growth of the rum market in France. In addition, health concerns associated with alcohol consumption are also hampering the growth of this market.
This report provides an in-depth analysis of the rum market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)
Country coverage:
• France
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in France
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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