SADC: Rum Market 2024

Rum Market Size in SADC

The SADC rum market soared to $X in 2022, picking up by X% against the previous year. In general, consumption recorded measured growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Rum Production in SADC

In value terms, rum production reached $X in 2022 estimated in export price. The total production indicated strong growth 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, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Rum Exports

Exports in SADC

In 2022, approx. X litres of rum were exported in SADC; with an increase of X% on 2021 figures. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X litres. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, rum exports expanded rapidly to $X in 2022. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Swaziland (X litres) and Mauritius (X litres) dominates exports structure, together committing X% of total exports. It was distantly followed by South Africa (X litres), comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Swaziland (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mauritius ($X), Swaziland ($X) and South Africa ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Swaziland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 SADC amounted to $X per litre, falling by X% against the previous year. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per litre), while Swaziland ($X per litre) was amongst the lowest.

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

Rum Imports

Imports in SADC

In 2022, purchases abroad of rum increased by X% to X litres, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, rum imports totaled $X in 2022. Overall, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the major importer of rum in SADC, with the volume of imports resulting at X litres, which was approx. X% of total imports in 2022. Angola (X litres) took the second position in the ranking, distantly followed by Tanzania (X litres) and Namibia (X litres). All these countries together held approx. X% share of total imports. The following importers - Botswana (X litres), Mauritius (X litres) and Zambia (X litres) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to rum imports into South Africa stood at X%. At the same time, Mauritius (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%), Namibia (X%), Zambia (X%) and Angola (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Tanzania (X p.p.), Botswana (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while Angola saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported rum in SADC, comprising X% of total imports. The second position in the ranking was held by Namibia ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

In South Africa, rum imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per litre in 2022, falling by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked at $X per litre in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per litre), while Tanzania ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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