CIS: Rum Market 2024

Rum Market Size in CIS

In 2022, the CIS rum market decreased by X% to $X, falling for the third consecutive year after four years of growth. Overall, consumption continues to indicate a slight shrinkage. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Rum Production in CIS

In value terms, rum production declined to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Rum Exports

Exports in CIS

In 2022, exports of rum in the CIS skyrocketed to X litres, with an increase of X% on the previous year. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rum exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Armenia dominates exports structure, accounting for X litres, which was approx. X% of total exports in 2022. It was distantly followed by Belarus (X litres), generating a X% share of total exports. Moldova (X litres) and Kazakhstan (X litres) followed a long way behind the leaders.

Armenia was also the fastest-growing in terms of the rum exports, with a CAGR of X.8% from 2012 to 2022. At the same time, Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. By contrast, Moldova (X%) illustrated a downward trend over the same period. Armenia (X p.p.), Moldova (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest rum supplying countries in the CIS were Armenia ($X), Belarus ($X) and Moldova ($X), together accounting for X% of total exports.

Armenia, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per litre in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per litre), while Armenia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced a decline in the export price figures.

Rum Imports

Imports in CIS

In 2022, supplies from abroad of rum decreased by X% to X litres, falling for the second year in a row after five years of growth. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X litres in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, rum imports contracted significantly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, amounting to X litres, which was near X% of total imports in 2022. Belarus (X litres) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%).

Russia experienced a relatively flat trend pattern with regard to volume of imports of rum. At the same time, Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Belarus (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported rum in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per litre in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per litre. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per litre), while Kazakhstan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :