MENA: Rum Market 2024

Rum Market Size in MENA

The MENA's rum market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Rum Production in MENA

In value terms, rum production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Rum Exports

Exports in MENA

In 2022, overseas shipments of rum increased by X% to X litres for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 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 skyrocketed to $X in 2022. Overall, exports recorded a resilient increase. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X litres, which was near X% of total exports in 2022. It was distantly followed by Bahrain (X litres), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to rum exports from the United Arab Emirates stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of Bahrain (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest rum supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per litre, surging by X% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per litre in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per litre), while the United Arab Emirates totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Rum Imports

Imports in MENA

In 2022, rum imports in MENA surged to X litres, with an increase of X% on the year before. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rum imports totaled $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Israel (X litres) represented the largest importer of rum, mixing up X% of total imports. It was distantly followed by the United Arab Emirates (X litres), Turkey (X litres) and Oman (X litres), together making up a X% share of total imports. Bahrain (X litres) and Qatar (X litres) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the rum imports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%), Oman (X%), Bahrain (X%), Qatar (X%) and the United Arab Emirates (X%) displayed positive paces of growth. While the share of Israel (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.), Bahrain (X p.p.), Oman (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported rum in MENA, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

In the United Arab Emirates, rum imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in MENA stood at $X per litre in 2022, declining by X% against the previous year. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per litre), while Israel ($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 United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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