World - Rum - Market Analysis, Forecast, Size, Trends And Insights
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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.
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Rum - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | United Kingdom |
| 3 | Italy |
| 4 | India |
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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per litre | ||||
| India | 1.6 | 1.7 | 1.6 | -0.9% |
| Guatemala | 2 | 2.1 | 2.1 | 2.3% |
| Nicaragua | 4.8 | 4.5 | 2.7 | -25.1% |
| Dominican Republic | 4.5 | 3.9 | 2.8 | -21.6% |
| Jamaica | 3.1 | 3.4 | 2.9 | -4.1% |
| Cuba | 3.6 | 3.3 | 3.2 | -5.4% |
| Spain | 5.1 | 4 | 3.9 | -12.2% |
| Netherlands | 4.3 | 4.6 | 4.5 | 1.5% |
| United States | 3.9 | 4.1 | 4.6 | 9.0% |
| France | 4.8 | 5.6 | 5.1 | 3.4% |
| Italy | 5.9 | 5.8 | 5.6 | -1.8% |
| Belgium | 4.9 | 5.4 | 6.2 | 12.3% |
| Venezuela | 7.1 | 7.9 | 6.7 | -2.9% |
| Average | 4.4 | 4.2 | 4.2 | -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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per litre | ||||
| Belgium | 6 | 5.5 | 6.1 | 1.1% |
| United States | 4.4 | 5.9 | 5.4 | 11.5% |
| Netherlands | 3.2 | 3.7 | 5 | 24.1% |
| Germany | 6.2 | 5.2 | 4.5 | -15.3% |
| France | 4.3 | 3.5 | 4.3 | -0.5% |
| Czech Republic | 5.3 | 4.1 | 4.2 | -10.7% |
| Spain | 4.1 | 4.2 | 4.2 | 0.9% |
| United Kingdom | 4.5 | 3.2 | 3.5 | -12.3% |
| Russia | 3.8 | 3.7 | 3.2 | -8.4% |
| Italy | 3.2 | 2.8 | 2.9 | -3.8% |
| Canada | 2.8 | 2.4 | 2.2 | -10.0% |
| Colombia | 3.5 | 2.9 | 1.4 | -36.2% |
| Average | 4.3 | 4 | 3.8 | -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.
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Rum - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Italy | 0.07 | 0.07 | 0.3 | 93.8% |
| United States | 0.1 | 0.2 | 0.1 | 1.0% |
| Germany | 0.3 | 0.2 | 0.1 | -26.1% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 12.0% |
| Spain | 0.2 | 0.2 | 0.1 | -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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Italy | 0.1 | 0.2 | 0.2 | 18.3% |
| United States | 0.2 | 0.1 | 0.1 | -2.7% |
| Netherlands | 0.08 | 0.09 | 0.1 | 15.5% |
| France | 0.07 | 0.09 | 0.09 | 12.9% |
| Spain | 0.08 | 0.09 | 0.09 | 7.1% |
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
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:
- USA
- 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
+ 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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. 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
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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