Report Scandinavia - Rum - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Scandinavia - Rum - Market Analysis, Forecast, Size, Trends and Insights
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Scandinavia: Rum Market 2022

Rum Market Size in Scandinavia

The Scandinavia rum market rose significantly to $X in 2021, picking up by 13% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Rum Production in Scandinavia

In value terms, rum production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 40%. The level of production peaked at $X in 2020, and then dropped in the following year.

Rum Exports

Exports in Scandinavia

In 2021, shipments abroad of rum increased by 44% to X litres for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 51%. Over the period under review, the exports hit record highs at X litres in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, rum exports soared to $X in 2021. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 53% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Denmark (X litres) was the main exporter of rum, mixing up 80% of total exports. Sweden (X litres) ranks second in terms of the total exports with an 11% share, followed by Finland (5.1%). Norway (X litres) took a little share of total exports.

Exports from Denmark increased at an average annual rate of +16.6% from 2012 to 2021. At the same time, Norway (+17.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +17.2% from 2012-2021. By contrast, Sweden (-2.4%) and Finland (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark and Norway increased by +31 and +1.9 percentage points, respectively.

In value terms, Denmark ($X) remains the largest rum supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was held by Sweden ($X), with a 12% share of total exports. It was followed by Norway, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark amounted to +21.3%. In the other countries, the average annual rates were as follows: Sweden (+0.3% per year) and Norway (+20.7% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per litre, almost unchanged from the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2018 when the export price increased by 41%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per litre), while Finland ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.1%), while the other leaders experienced more modest paces of growth.

Rum Imports

Imports in Scandinavia

In 2021, overseas purchases of rum increased by 17% to X litres for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X litres in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, rum imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

In 2021, Denmark (X litres) was the main importer of rum, making up 44% of total imports. Sweden (X litres) took a 27% share (based on physical terms) of total imports, which put it in second place, followed by Finland (16%) and Norway (12%).

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rum importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), together accounting for 88% of total imports.

Sweden, with a CAGR of +9.8%, recorded the highest growth rate of the value of imports, among 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 Scandinavia stood at $X per litre in 2021, with an increase of 6.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 when the import price increased by 13% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per litre), while Finland ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for rum in Scandinavia?
+
The countries with the highest volumes of consumption in 2021 were Sweden, Denmark and Finland, together comprising 84% of total consumption.
What are the largest producers of rum in Scandinavia?
+
The country with the largest volume of rum production was Finland, comprising approx. 100% of total volume.
What are the leading exporters of rum in Scandinavia?
+
In value terms, Denmark remains the largest rum supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was held by Sweden, with a 12% share of total exports. It was followed by Norway, with a 3.9% share.
What are the leading importers of rum in Scandinavia?
+
In value terms, Denmark, Sweden and Finland appeared to be the countries with the highest levels of imports in 2021, with a combined 88% share of total imports.
What is the average export price for rum in Scandinavia?
+
The export price in Scandinavia stood at $11 per litre in 2021, remaining relatively unchanged against the previous year.
What is the average import price for rum in Scandinavia?
+
The import price in Scandinavia stood at $9.2 per litre in 2021, growing by 6.2% against the previous year.

This report provides an in-depth analysis of the rum market in Scandinavia. 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
• Production in Scandinavia, split by region and country
• Trade (exports and imports) in Scandinavia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Denmark
• Finland
• Iceland
• Norway
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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