France - Rum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRum Price in France - 2023
Contents:
- Rum Price in France (FOB) - 2023
- Rum Price in France (CIF) - 2022
- Rum Exports in France
- Rum Imports in France
Rum Price in France (FOB) - 2023
The average rum export price stood at $6.4 per litre in June 2023, with a decrease of -2.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 19% m-o-m. The export price peaked at $7.1 per litre in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Italy ($15.8 per litre), while the average price for exports to Burkina Faso ($2.2 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Rum Price in France (CIF) - 2022
The average rum import price stood at $6.3 per litre in 2022, waning by -9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 13% against the previous year. As a result, import price reached the peak level of $7 per litre, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cuba ($15 per litre), while the price for Brazil ($2.1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Rum Exports in France
In 2022, rum exports from France soared to 21M litres, growing by 21% against the year before. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, rum exports totaled $130M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Rum in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.2 | 11.5 | 16.0 | 15.9 | 20.0% |
| Germany | 11.5 | 10.6 | 15.3 | 15.4 | 10.2% |
| Italy | 7.1 | 4.9 | 7.6 | 9.6 | 10.6% |
| Belgium | 5.3 | 5.3 | 7.4 | 6.4 | 6.5% |
| Czech Republic | 3.8 | 4.1 | 4.1 | 6.3 | 18.4% |
| United Kingdom | 7.0 | 6.8 | 6.7 | 6.1 | -4.5% |
| Sweden | 5.4 | 5.7 | 7.3 | 6.1 | 4.1% |
| Spain | 3.8 | 2.9 | 5.0 | 6.1 | 17.1% |
| Netherlands | 4.3 | 4.3 | 5.6 | 4.7 | 3.0% |
| Latvia | 1.2 | 1.7 | 3.0 | 4.4 | 54.2% |
| Burkina Faso | 0.7 | 1.6 | 2.2 | 1.6 | 31.7% |
| Japan | 1.0 | 1.0 | 1.4 | 1.5 | 14.5% |
| Ghana | 0.4 | 0.6 | 0.9 | 1.0 | 35.7% |
| Others | 27.9 | 30.1 | 39.1 | 44.8 | 17.1% |
| Total | 88.6 | 91.1 | 122 | 130 | 13.6% |
Top Export Markets for Rum from France in 2022:
- Germany (3.0M litres)
- Spain (2.4M litres)
- United States (1.5M litres)
- United Kingdom (1.4M litres)
- Italy (1.2M litres)
- Belgium (1.0M litres)
- Burkina Faso (0.7M litres)
- Czech Republic (0.6M litres)
- Sweden (0.6M litres)
- Latvia (0.6M litres)
- Netherlands (0.5M litres)
- Ghana (0.4M litres)
- Japan (0.3M litres)
Rum Imports in France
Rum imports into France was estimated at 15M litres in 2022, growing by 12% compared with the year before. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, rum imports totaled $97M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Rum in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.3 | 12.0 | 16.8 | 16.6 | 56.9% |
| Italy | 12.2 | 13.0 | 13.5 | 11.6 | -1.7% |
| Venezuela | 8.7 | 7.8 | 10.4 | 11.6 | 10.1% |
| Barbados | 7.9 | 7.6 | 9.5 | 8.3 | 1.7% |
| Cuba | 5.2 | 3.0 | 3.3 | 4.7 | -3.3% |
| Spain | 1.2 | 2.0 | 3.4 | 4.3 | 53.0% |
| United States | 1.3 | 0.3 | 1.4 | 2.8 | 29.1% |
| Dominican Republic | 2.8 | 2.8 | 4.0 | 2.8 | 0.0% |
| United Kingdom | 2.4 | 3.2 | 3.6 | 2.2 | -2.9% |
| Belgium | 0.9 | 1.3 | 2.2 | 2.1 | 32.6% |
| Brazil | 1.2 | 1.3 | 0.9 | 2.0 | 18.6% |
| Philippines | 6.5 | 1.5 | 2.1 | 1.6 | -37.3% |
| Panama | 1.1 | 1.0 | 1.0 | 1.4 | 8.4% |
| Others | 17.0 | 14.8 | 23.7 | 24.6 | 13.1% |
| Total | 72.8 | 71.6 | 95.7 | 96.6 | 9.9% |
Top Suppliers of Rum to France in 2022:
- Netherlands (3.7M litres)
- Barbados (2.0M litres)
- Italy (1.8M litres)
- Spain (1.0M litres)
- Brazil (0.9M litres)
- Venezuela (0.9M litres)
- United States (0.5M litres)
- Philippines (0.5M litres)
- Dominican Republic (0.5M litres)
- United Kingdom (0.4M litres)
- Cuba (0.3M litres)
- Belgium (0.3M litres)
- Panama (0.3M litres)
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:
- 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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