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World - Rum - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Rum - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Sep 26, 2023

Top Global Markets for Imported Rum

In recent years, rum has gained popularity as a versatile and vibrant spirit enjoyed by people around the world. With its origins dating back centuries, rum is now produced in numerous countries and enjoyed in various cocktails and mixed drinks. Its unique flavors and diverse range of styles have made it a sought-after product in many countries, leading to a significant increase in global trade.

According to the latest import data provided by IndexBox, several countries stand out as the world's best import markets for rum. These countries have displayed consistently high import values, reflecting their strong demand for this popular spirit.

1. Italy

Italy, a country known for its rich culinary heritage and love for fine beverages, takes the top spot as the world's largest importer of rum. In 2022, Italy imported rum with a total value of $305.798 million. This significant import value demonstrates Italy's enduring appreciation for rum and its ability to cater to the diverse tastes and preferences of its consumers.

Italian consumers have shown a growing interest in rum in recent years, with a particular focus on premium and artisanal products. The popularity of rum-based cocktails, such as the classic Mojito and Daiquiri, has also contributed to the increased demand for this spirit. Furthermore, the thriving Italian tourism industry attracts visitors from around the world, who are eager to explore and indulge in the country's vibrant culinary scene.

2. United States

The United States secures the second position in the list of top import markets for rum, with an import value of $184.332 million in 2022. As a country known for its love of spirits and cocktails, it's no surprise that rum holds a significant place in the beverage preferences of American consumers.

The popularity of rum in the United States can be attributed to its versatility and adaptability to a wide range of cocktails. From the iconic Piña Colada to the classic Mai Tai, rum plays a central role in many beloved American drinks. The vibrant nightlife culture and the growing interest in mixology have further contributed to the demand for rum, with consumers seeking high-quality and diverse options to create unique and exciting cocktails.

3. Germany

Germany ranks third among the world's best import markets for rum, with an import value of $177.265 million in 2022. Known for its beer culture, Germany has also embraced the world of spirits, including rum.

The German market stands out for its preference for high-quality and premium rum products. German consumers value craftsmanship and authenticity, seeking unique flavors and blends. The increasing popularity of craft cocktails and the rise of specialized bars and cocktail lounges have further fueled the demand for rum in the country.

4. Spain

Spain, famous for its lively nightlife and vibrant culture, is another prominent import market for rum. In 2022, Spain imported rum with a value of $175.259 million.

Rum has long been a favorite spirit in Spain, owing to its historical ties to the Caribbean and Latin America, where rum production originated. Spanish consumers have a strong affinity for rum and enjoy it in various forms, from sipping aged rums to mixing it in cocktails like the refreshing Mojito or Cuba Libre. The Spanish market also benefits from its popularity among international tourists and the role of rum in traditional Spanish festivities.

5. Netherlands

The Netherlands completes the list of the top import markets for rum, with an import value of $170.119 million in 2022. As a country with a rich history of maritime trade, the Netherlands has a strong connection to rum's origins as a seafaring spirit.

Rum continues to be a popular choice among Dutch consumers, particularly in trendy bars and establishments that focus on craftsmanship and unique spirits. The versatility of rum, allowing for a wide range of cocktails and mixed drinks, appeals to Dutch consumers who appreciate experimentation and creativity.

The strong demand for rum in these top import markets reflects the global appeal of this spirit. Factors such as cultural preferences, consumer trends, tourism, and evolving cocktail cultures contribute to the growth and popularity of rum in these countries.

According to the IndexBox market report, the global rum market is expected to continue its positive growth trajectory in the coming years. Emerging markets, such as China, India, and Brazil, are also showing increasing interest in rum, presenting new opportunities for exporters.

Whether enjoyed neat, on the rocks, or mixed in cocktails, rum has established its position as a beloved and sought-after spirit worldwide. The world's best import markets for rum continuously adapt to consumer preferences, offering a diverse range of brands, flavors, and styles to satisfy the growing demand for this timeless and versatile spirit.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global rum market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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