Rum Market

Rum market: enjoy newly released statistics featured by an Ai-driven business intelligence tool. Statistics cover trade, exports, market prices, companies, production, imports, market size, and consumption. Here is a breakdown by country, including the U.K., Russia, EU, China, Latin America, the U.S., the Middle East, and Africa. Market insights and forecast to 2030 are also provided in the dashboards.


Need Rum Market data? GET FREE ACCESS

Rum - World's Largest Markets

RatingCountry
1United States
2United Kingdom
3Italy
4India

In value terms, the United States led the market, alone. The second position in the ranking was occupied by the UK. It was followed by Italy.

From 2018 to 2020, the average annual growth rate of value in the United States was relatively modest. The remaining consuming countries recorded the following average annual rates of market growth: the UK (+19.2% per year) and Italy (+140.8% per year).

Rum Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per litre
India1.61.71.6-0.9%
Guatemala22.12.12.3%
Nicaragua4.84.52.7-25.1%
Dominican Republic4.53.92.8-21.6%
Jamaica3.13.42.9-4.1%
Cuba3.63.33.2-5.4%
Spain5.143.9-12.2%
Netherlands4.34.64.51.5%
United States3.94.14.69.0%
France4.85.65.13.4%
Italy5.95.85.6-1.8%
Belgium4.95.46.212.3%
Venezuela7.17.96.7-2.9%
Average4.44.24.2-1.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Venezuela ($6.7 per litre), while India ($1.6 per litre) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per litre
Belgium65.56.11.1%
United States4.45.95.411.5%
Netherlands3.23.7524.1%
Germany6.25.24.5-15.3%
France4.33.54.3-0.5%
Czech Republic5.34.14.2-10.7%
Spain4.14.24.20.9%
United Kingdom4.53.23.5-12.3%
Russia3.83.73.2-8.4%
Italy3.22.82.9-3.8%
Canada2.82.42.2-10.0%
Colombia3.52.91.4-36.2%
Average4.343.8-5.2%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Belgium ($6.1 per litre), while Colombia ($1.4 per litre) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Rum - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
Italy0.070.070.393.8%
United States0.10.20.11.0%
Germany0.30.20.1-26.1%
United Kingdom0.10.10.112.0%
Spain0.20.20.1-18.7%

In value terms, Italy ($271M), the United States ($147M) and Germany ($139M) appeared to be the countries with the highest levels of imports in 2020, with a combined 35% share of global imports. These countries were followed by the UK, Spain, the Netherlands, Canada, France, Belgium, Russia, the Czech Republic and Colombia, which together accounted for a further 41%.

Among the main importing countries, Colombia (+133.1% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Rum - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Italy0.10.20.218.3%
United States0.20.10.1-2.7%
Netherlands0.080.090.115.5%
France0.070.090.0912.9%
Spain0.080.090.097.1%

In value terms, the largest rum supplying countries worldwide were Italy ($206M), the United States ($143M) and the Netherlands ($105M), together accounting for 34% of global exports. These countries were followed by France, Spain, the Dominican Republic, Cuba, Venezuela, Jamaica, Belgium, Guatemala, Nicaragua and India, which together accounted for a further 43%.

India recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Rum - Market Forecast

Driven by increasing demand for rum worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Rum - Product Coverage

  • HS 220840 - Rum and tafia
Store
Blog
Event
World - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Latin America and the Caribbean - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rum market in Latin America and the Caribbean.

Middle East - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rum market in the Middle East.

Australia and Oceania - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rum market in Australia and Oceania.

Southern Asia - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rum market in Southern Asia.

South-Eastern Asia - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rum market in South-Eastern Asia.

Northern America - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rum market in Northern America.

Africa - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Central Asia - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rum market in Central Asia.

Eastern Asia - Rum - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rum market in Eastern Asia.

Category
Geography

Nothing found. Please try again.


Browse popular categories

Browse popular regions

Baltics
Eastern Europe