Bangladesh - Rum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRum Price in Bangladesh - 2022
Contents:
- Rum Price in Bangladesh (CIF) - 2022
- Rum Price in Bangladesh (FOB) - 2022
- Rum Imports in Bangladesh
- Rum Exports in Bangladesh
Rum Price in Bangladesh (CIF) - 2022
The average rum import price stood at $7.1 per litre in 2022, dropping by -10.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 79%. Over the period under review, average import prices hit record highs at $7.9 per litre in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($41 per litre), while the price for Myanmar ($1.8 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+152.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Rum Price in Bangladesh (FOB) - 2022
The average rum export price stood at $4.5 per litre in 2022, remaining constant against the previous year. Overall, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $7.9 per litre in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for El Salvador.
From 2013 to 2022, the rate of growth in terms of prices for Austria amounted to +8.3% per year.
Rum Imports in Bangladesh
After two years of decline, purchases abroad of rum increased by 145% to 8.6K litres in 2022. In general, imports, however, recorded a deep reduction. Over the period under review, imports hit record highs at 15K litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, rum imports skyrocketed to $61K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $94K in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Rum in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 9.5 | 21.3 | 5.2 | 13.9 | 13.5% |
| Myanmar | 8.3 | 17.0 | 5.6 | 8.1 | -0.8% |
| Singapore | 26.3 | 37.8 | 8.8 | 7.3 | -34.8% |
| Poland | 0.8 | 1.8 | 2.1 | 4.4 | 76.5% |
| Belgium | 2.4 | N/A | N/A | 2.4 | 0.0% |
| France | 0.5 | 1.3 | 0.5 | 1.3 | 37.5% |
| Sri Lanka | 1.6 | N/A | N/A | N/A | 0% |
| Others | 12.9 | 14.6 | 5.7 | 23.5 | 22.1% |
| Total | 62.4 | 93.9 | 27.9 | 60.9 | -0.8% |
Top Suppliers of Rum to Bangladesh in 2022:
- Myanmar (4.4K litres)
- United Arab Emirates (1.5K litres)
- Singapore (0.5K litres)
- Poland (0.3K litres)
- France (0.2K litres)
- Belgium (0.1K litres)
Rum Exports in Bangladesh
In 2022, rum exports from Bangladesh shrank rapidly to 554 litres, dropping by -41.8% against the previous year. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 514%. As a result, the exports attained the peak of 952 litres, and then contracted notably in the following year.
In value terms, rum exports fell notably to $2.5K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 565% against the previous year. As a result, the exports reached the peak of $4.4K, and then declined markedly in the following year.
| Export of Rum in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| El Salvador | N/A | N/A | 2.5 | 0% | |
| Austria | 0.7 | 4.4 | N/A | 528.6% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.7 | 4.4 | 2.5 | 89.0% | |
Top Export Markets for Rum from Bangladesh in 2022:
- El Salvador (554.0 litres)
This report provides an in-depth analysis of the rum market in Bangladesh. 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:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- 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.
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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
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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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
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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
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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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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