MERCOSUR: Rum Market 2024

Rum Market Size in MERCOSUR

The MERCOSUR rum market was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Rum Production in MERCOSUR

In value terms, rum production expanded significantly 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 indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Rum Exports

Exports in MERCOSUR

In 2022, shipments abroad of rum increased by X% to X litres, rising for the second consecutive year after two years of decline. Total exports indicated a tangible increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rum exports soared to $X in 2022. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Venezuela was the key exporting country with an export of around X litres, which accounted for X% of total exports. Guyana (X litres) ranks second in terms of the total exports with a X% share, followed by Brazil (X%) and Colombia (X%). Peru (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Peru (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) remains the largest rum supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Guyana ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Venezuela, rum exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Guyana (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per litre, reducing by X% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price 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, rum export price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per litre in 2021, and then shrank in the following year.

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 Venezuela ($X per litre), while Brazil ($X per litre) was amongst the lowest.

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

Rum Imports

Imports in MERCOSUR

In 2022, overseas purchases of rum increased by X% to X litres, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, rum imports soared to $X in 2022. In general, imports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X litres), Peru (X litres) and Colombia (X litres) represented the key importer of rum in MERCOSUR, making up X% of total import. Argentina (X litres) held the next position in the ranking, followed by Paraguay (X litres) and Ecuador (X litres). All these countries together took approx. X% share of total imports. Suriname (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Chile ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Argentina, Ecuador, Suriname and Paraguay lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Paraguay, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 MERCOSUR stood at $X per litre in 2022, falling by X% against the previous year. Over the period under review, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per litre in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per litre), while Paraguay ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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