Eastern Europe: Rum Market 2024

Rum Market Size in Eastern Europe

The East European rum market contracted to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Rum Production in Eastern Europe

In value terms, rum production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Rum Exports

Exports in Eastern Europe

In 2022, rum exports in Eastern Europe surged to X litres, increasing by X% compared with 2021 figures. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, rum exports rose significantly to $X in 2022. In general, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X litres) and Latvia (X litres) were the major exporters of rum in 2022, recording approx. X% and X% of total exports, respectively. The Czech Republic (X litres) took the next position in the ranking, followed by Lithuania (X litres) and Slovakia (X litres). All these countries together held near X% share of total exports. Estonia (X litres) and Romania (X litres) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Slovakia, Lithuania, Estonia and Romania lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Eastern Europe amounted to $X per litre, dropping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per litre. From 2014 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 the Czech Republic ($X per litre), while Poland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Rum Imports

Imports in Eastern Europe

In 2022, the amount of rum imported in Eastern Europe shrank to X litres, dropping by X% compared with the year before. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X litres in 2021, and then dropped in the following year.

In value terms, rum imports dropped modestly to $X in 2022. Overall, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Russia (X litres), the Czech Republic (X litres), Poland (X litres) and Latvia (X litres) represented roughly X% of total imports in 2022. Romania (X litres) held the next position in the ranking, followed by Slovakia (X litres) and Ukraine (X litres). All these countries together held approx. X% share of total imports. Hungary (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Russia ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Latvia, Slovakia, Romania, Ukraine and Hungary lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per litre in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per litre. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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