Germany - Rum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGermany's Rum Price Increases Markedly to $5.5 per Litre
Germany Rum Import Price in March 2023
In March 2023, the rum price stood at $5.5 per litre (CIF, Germany), growing by 6.2% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 an increase of 28% m-o-m. The import price peaked at $6.1 per litre in March 2022; however, from April 2022 to March 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Guatemala ($39.8 per litre), while the price for Brazil ($1.6 per litre) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Jamaica (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Rum in Germany (USD per litre) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Guatemala | 30.1 | 64.4 | 29.2 | 27.8 | 57.5 | 30.1 | 30.1 | 21.8 | 27.2 | 28.6 | 44.2 | 33.8 | 39.8 |
| Venezuela | 13.9 | 8.4 | 12.8 | 15.1 | 7.4 | 11.5 | 13.0 | 15.0 | 15.1 | 10.3 | 14.7 | 13.4 | 13.4 |
| Netherlands | 4.7 | 2.5 | 2.2 | 3.5 | 3.9 | 3.5 | 4.1 | 1.9 | 2.9 | 3.5 | 4.6 | 4.5 | 5.3 |
| Dominican Republic | 7.3 | 5.1 | 8.7 | 3.7 | 7.0 | 2.5 | 7.0 | 4.9 | 6.0 | 34.2 | 14.5 | 8.6 | 5.2 |
| Jamaica | 3.7 | 3.9 | 5.2 | 3.4 | 4.1 | 3.4 | 2.8 | 2.7 | 5.1 | 2.9 | 2.3 | 3.6 | 5.0 |
| Italy | 5.7 | 4.8 | 4.9 | 5.1 | 4.6 | 4.2 | 4.4 | 5.0 | 5.0 | 5.9 | 4.0 | 4.6 | 4.6 |
| Spain | 5.3 | 4.7 | 4.6 | 4.7 | 8.5 | 4.3 | 4.5 | 3.8 | 4.5 | 4.7 | 3.5 | 4.1 | 4.4 |
| France | 4.0 | 2.6 | 4.3 | 3.8 | 4.9 | 4.7 | 6.6 | 4.3 | 2.5 | 4.4 | 4.5 | 4.5 | 4.3 |
| United Kingdom | 3.6 | 11.6 | 16.4 | 3.4 | 3.5 | 2.6 | 3.8 | 6.6 | 2.8 | 4.6 | 3.3 | 4.2 | 3.6 |
| Poland | 1.5 | 1.7 | 1.7 | 1.7 | 1.6 | 50.5 | 1.5 | 1.6 | N/A | 1.6 | 2.0 | 1.8 | 1.9 |
| Brazil | 9.8 | 7.3 | 1.8 | 1.3 | 1.2 | 1.4 | 1.9 | 1.6 | 1.7 | 1.8 | 30.2 | 1.6 | 1.6 |
| Average | 6.1 | 4.5 | 5.8 | 4.3 | 4.3 | 4.7 | 5.0 | 4.2 | 5.0 | 5.0 | 5.1 | 5.2 | 5.5 |
Germany Rum Imports
After three months of decline, overseas purchases of rum increased by 27% to 2.9M litres in March 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when imports increased by 74% month-to-month. Over the period under review, imports hit record highs at 4.2M litres in November 2022; however, from December 2022 to March 2023, imports stood at a somewhat lower figure.
In value terms, rum imports surged to $16M (IndexBox estimates) in March 2023. Over the period under review, imports, however, showed a slight setback. The growth pace was the most rapid in August 2022 when imports increased by 93% m-o-m. Over the period under review, imports attained the maximum at 21M litres in November 2022; however, from December 2022 to March 2023, imports stood at a somewhat lower figure.
Germany Rum Imports by Country
Spain (704K litres), the Netherlands (661K litres) and Italy (497K litres) were the main suppliers of rum imports to Germany, with a combined 63% share of total imports. France, Brazil, Poland, Jamaica, the UK, Venezuela, the Dominican Republic and Guatemala lagged somewhat behind, together accounting for a further 34%.
From March 2022 to March 2023, the biggest increases were in Brazil (with a CAGR of +138.6%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($3.5M), Spain ($3.1M) and Guatemala ($2.3M) constituted the largest rum suppliers to Germany, together accounting for 55% of total imports. These countries were followed by Italy, France, Venezuela, Jamaica, the UK, Brazil, the Dominican Republic and Poland, which together accounted for a further 38%.
Brazil, with a CAGR of +104.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the rum market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
