Morocco - Rum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRum Price in Morocco - 2022
Contents:
- Rum Price in Morocco (CIF) - 2022
- Rum Price in Morocco (FOB) - 2022
- Rum Imports in Morocco
- Rum Exports in Morocco
Rum Price in Morocco (CIF) - 2022
In December 2022, the average rum import price amounted to $2.7 per litre, shrinking by -76.6% against the previous month. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in November 2022 an increase of 255% m-o-m. The import price peaked at $12.2 per litre in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($7.1 per litre), while the price for Spain ($2.1 per litre) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Rum Price in Morocco (FOB) - 2022
Morocco has no trade partners to describe.
Rum Imports in Morocco
In 2022, overseas purchases of rum increased by 741% to 230K litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, rum imports surged to $969K in 2022. In general, imports continue to indicate perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rum in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 142 | 85.3 | 4.7 | 308 | 29.4% |
| United States | 322 | 220 | 68.1 | 264 | -6.4% |
| Cuba | 156 | 51.2 | 23.8 | 116 | -9.4% |
| France | 86.3 | 90.7 | 70.4 | 107 | 7.4% |
| Brazil | 12.7 | 12.1 | N/A | 24.5 | 24.5% |
| Dominican Republic | 4.1 | 2.5 | 5.9 | 20.3 | 70.4% |
| Jamaica | 11.3 | N/A | N/A | 13.0 | 4.8% |
| Barbados | 16.8 | N/A | N/A | 7.5 | -23.6% |
| Canada | 39.2 | N/A | 35.9 | N/A | -4.3% |
| Others | 114 | 17.0 | 15.7 | 109 | -1.5% |
| Total | 904 | 479 | 225 | 969 | 2.3% |
Top Suppliers of Rum to Morocco in 2022:
- Spain (143.2K litres)
- United States (25.5K litres)
- Cuba (20.9K litres)
- France (20.1K litres)
- Dominican Republic (6.5K litres)
- Brazil (5.7K litres)
- Jamaica (2.0K litres)
- Barbados (1.1K litres)
Rum Exports in Morocco
In 2022, approx. 1.1K litres of rum were exported from Morocco; growing by 451% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a dramatic decrease. The exports peaked at 7.3K litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, rum exports surged to $7.4K in 2022. In general, exports, however, continue to indicate a dramatic slump. Over the period under review, the exports reached the peak figure at $15K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Rum in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 9.6 | N/A | N/A | N/A | 0% |
| Others | 5.3 | 1.0 | 1.2 | 7.4 | 11.8% |
| Total | 14.9 | 1.0 | 1.2 | 7.4 | -20.8% |
Top Export Markets for Rum from Morocco in 2022:
This report provides an in-depth analysis of the rum market in Morocco. 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:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- 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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