Ireland - Rum - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRum Price in Ireland - 2023
Contents:
- Rum Price in Ireland (CIF) - 2023
- Rum Price in Ireland (FOB) - 2022
- Rum Imports in Ireland
- Rum Exports in Ireland
Rum Price in Ireland (CIF) - 2023
The average rum import price stood at $7.8 per litre in June 2023, waning by -9.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in March 2023 an increase of 22% against the previous month. Over the period under review, average import prices attained the peak figure at $8.5 per litre in May 2023, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($37.1 per litre), while the price for the Netherlands ($1.9 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Rum Price in Ireland (FOB) - 2022
The average rum export price stood at $8.7 per litre in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $8.8 per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($19 per litre), while the average price for exports to Germany ($4.2 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Rum Imports in Ireland
For the third year in a row, Ireland recorded decline in purchases abroad of rum, which decreased by 0% to 1.1M litres in 2022. In general, imports recorded a abrupt contraction. The smallest decline of -27.3% was in 2020. Imports peaked at 1.8M litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, rum imports amounted to $7.9M in 2022. Overall, imports recorded a relatively flat trend pattern. The smallest decline of -13.3% was in 2020. Over the period under review, imports hit record highs at $8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Rum in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahamas | 5.1 | 4.6 | N/A | 6.3 | 7.3% |
| United Kingdom | 1.0 | 0.7 | N/A | 0.5 | -20.6% |
| Grenada | N/A | N/A | N/A | 0.3 | 0% |
| Spain | 0.2 | 0.2 | N/A | 0.2 | 0.0% |
| Germany | 0.4 | 0.4 | N/A | 0.1 | -37.0% |
| Swaziland | N/A | N/A | N/A | N/A | 0% |
| France | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Netherlands | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Others | 0.9 | 0.6 | N/A | 0.4 | -23.7% |
| Total | 8.0 | 7.0 | N/A | 7.9 | -0.4% |
Top Suppliers of Rum to Ireland in 2022:
- Bahamas (777.0K litres)
- United Kingdom (97.9K litres)
- Spain (41.5K litres)
- Germany (37.6K litres)
- Grenada (20.9K litres)
- Swaziland (20.5K litres)
- France (5.6K litres)
- Netherlands (3.7K litres)
Rum Exports in Ireland
For the third year in a row, Ireland recorded decline in shipments abroad of rum, which decreased by 0% to 105K litres in 2022. In general, exports showed a dramatic decline. The smallest decline of -62.8% was in 2020. The exports peaked at 341K litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, rum exports stood at $912K in 2022. Overall, exports saw a dramatic setback. The smallest decline of -73% was in 2020. Over the period under review, the exports attained the peak figure at $2.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Rum in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 333 | 418 | N/A | 592 | 21.1% |
| United Kingdom | 1,686 | 64.4 | N/A | 144 | -56.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 70.8 | 0% |
| Japan | N/A | N/A | N/A | 19.5 | 0% |
| Germany | 97.4 | 41.2 | N/A | 5.1 | -62.6% |
| Others | 84.2 | 70.5 | N/A | 80.1 | -1.7% |
| Total | 2,201 | 594 | N/A | 912 | -25.4% |
Top Export Markets for Rum from Ireland in 2022:
- Netherlands (70.6K litres)
- United Kingdom (20.5K litres)
- Taiwan (Chinese) (3.7K litres)
- Japan (2.9K litres)
- Germany (1.2K litres)
This report provides an in-depth analysis of the rum market in Ireland. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. 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
-
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
-
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
502
This report provides an in-depth analysis of the rum market in Ireland.
744
This report provides an in-depth analysis of the spirits and liqueurs market in Ireland.
243
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in Ireland.
475
This report provides an in-depth analysis of the grape wine spirits market in Ireland.
543
This report provides an in-depth analysis of the whisky market in Ireland.
434
This report provides an in-depth analysis of the gin and geneva market in Ireland.
1200
This report provides an in-depth analysis of the global rum market.
2128
This report provides an in-depth analysis of the global spirits and liqueurs market.
323
This report provides an in-depth analysis of the global market for spirits, liqueurs and other spirituous beverages.
561
This report provides an in-depth analysis of the global grape wine spirits market.
454
Explore the top import markets for rum worldwide and discover the cultural preferences, consumer trends, and cocktail cultures that contribute to the popularity of rum in these countries.
243
Explore the top import markets for spirits and liqueurs based on their import values. Find out key statistics and market insights on the world's leading countries for importing spirits and liqueurs.
1291
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
791
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
159
Explore the top import markets for spirits, liqueurs, and other alcoholic beverages, including key statistics and import values. Discover the demand and trends in countries such as the United States, Germany, United Kingdom, and more. Gain valuable insights for producers and exporters in the global market.
138
Explore the world's best import markets for grape wine spirits with key statistics and insights. Learn about the top countries and their import values. Discover opportunities for wine producers and exporters.
239
This article explores the world's best import markets for whisky, including the United States, France, Singapore, the Netherlands, Germany, Taiwan, China, Japan, Australia, and Spain. It highlights their growing demand for whisky, the popularity of different styles and brands, and the emergence of whisky culture in these countries. The IndexBox market intelligence platform provides valuable data and insights for businesses operating in the whisky market.
454
Explore the top import markets for rum worldwide and discover the cultural preferences, consumer trends, and cocktail cultures that contribute to the popularity of rum in these countries.
243
Explore the top import markets for spirits and liqueurs based on their import values. Find out key statistics and market insights on the world's leading countries for importing spirits and liqueurs.
1291
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
