Spain - Rum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRum Price in Spain - 2023
Contents:
- Rum Price in Spain (CIF) - 2023
- Rum Price in Spain (FOB) - 2023
- Rum Imports in Spain
- Rum Exports in Spain
Rum Price in Spain (CIF) - 2023
In June 2023, the average rum import price amounted to $3.8 per litre, falling by -4.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 17% m-o-m. The import price peaked at $4.2 per litre in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Venezuela ($11.2 per litre), while the price for Cuba ($2.3 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Rum Price in Spain (FOB) - 2023
In June 2023, the average rum export price amounted to $6.5 per litre, growing by 11% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 23% m-o-m. Over the period under review, the average export prices reached the maximum at $6.6 per litre in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Cyprus ($22.7 per litre), while the average price for exports to Cuba ($1.7 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Rum Imports in Spain
In 2022, the amount of rum imported into Spain skyrocketed to 49M litres, with an increase of 21% against the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, rum imports amounted to $175M in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Rum in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 50.9 | 34.5 | 41.8 | 60.9 | 6.2% |
| Cuba | 32.8 | 35.3 | 35.6 | 36.8 | 3.9% |
| Netherlands | 27.8 | 13.0 | 21.3 | 21.1 | -8.8% |
| Italy | 9.0 | 5.4 | 16.3 | 15.1 | 18.8% |
| Venezuela | 8.5 | 3.5 | 5.2 | 11.7 | 11.2% |
| France | 3.8 | 2.6 | 13.7 | 6.8 | 21.4% |
| Germany | 8.1 | 4.1 | 3.1 | 4.1 | -20.3% |
| Others | 20.9 | 10.9 | 15.7 | 18.7 | -3.6% |
| Total | 162 | 109 | 153 | 175 | 2.6% |
Top Suppliers of Rum to Spain in 2022:
- Cuba (17.7M litres)
- Dominican Republic (17.2M litres)
- Netherlands (3.4M litres)
- France (3.0M litres)
- Italy (2.8M litres)
- Venezuela (1.2M litres)
- Germany (0.9M litres)
Rum Exports in Spain
In 2022, rum exports from Spain soared to 24M litres, rising by 31% on the previous year's figure. The total export volume increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, rum exports skyrocketed to $134M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Rum in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 33.3 | 34.8 | 35.3 | 38.6 | 5.0% |
| Cyprus | N/A | 0.1 | 0.2 | 12.5 | 1018.0% |
| Italy | 5.9 | 4.9 | 7.1 | 9.2 | 16.0% |
| United Kingdom | 3.2 | 5.9 | 8.0 | 8.1 | 36.3% |
| France | 6.8 | 6.3 | 7.3 | 6.3 | -2.5% |
| Belgium | 2.9 | 3.2 | 4.0 | 6.2 | 28.8% |
| Czech Republic | 3.2 | 5.2 | 6.9 | 5.1 | 16.8% |
| Netherlands | 4.8 | 3.0 | 3.6 | 5.0 | 1.4% |
| Latvia | 2.7 | 3.3 | 4.7 | 4.0 | 14.0% |
| Poland | 1.7 | 2.0 | 1.9 | 3.1 | 22.2% |
| Greece | 2.0 | 1.3 | 2.5 | 2.7 | 10.5% |
| Austria | 1.5 | 2.0 | 2.0 | 2.6 | 20.1% |
| Portugal | 2.4 | 1.7 | 1.6 | 1.8 | -9.1% |
| Others | 22.9 | 16.4 | 22.0 | 28.4 | 7.4% |
| Total | 93.3 | 90.1 | 107 | 134 | 12.8% |
Top Export Markets for Rum from Spain in 2022:
- Germany (7.8M litres)
- United Kingdom (1.8M litres)
- Italy (1.5M litres)
- Belgium (1.3M litres)
- France (1.2M litres)
- Cyprus (1.2M litres)
- Czech Republic (1.0M litres)
- Greece (0.8M litres)
- Latvia (0.8M litres)
- Netherlands (0.7M litres)
- Poland (0.7M litres)
- Portugal (0.5M litres)
- Austria (0.5M litres)
This report provides an in-depth analysis of the rum market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
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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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