Ecuador - Rum - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRum Price in Ecuador - 2022
Contents:
- Rum Price in Ecuador (CIF) - 2022
- Rum Price in Ecuador (FOB) - 2022
- Rum Imports in Ecuador
- Rum Exports in Ecuador
Rum Price in Ecuador (CIF) - 2022
In January 2022, the average rum import price amounted to $4.1 per litre, with an increase of 96% against the previous month. Overall, import price indicated moderate growth from January 2021 to January 2022: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, rum import price increased by +96.0% against December 2021 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Guatemala ($21.2 per litre), while the price for Mexico ($2.6 per litre) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Rum Price in Ecuador (FOB) - 2022
In 2022, the average rum export price amounted to $3.1 per litre, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs at $3.2 per litre in 2021, and then declined modestly in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($4 per litre), while the average price for exports to the United States amounted to $3 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Rum Imports in Ecuador
In 2022, the amount of rum imported into Ecuador dropped remarkably to 668K litres, with a decrease of -23.4% compared with the previous year's figure. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 88% against the previous year. Imports peaked at 914K litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, rum imports contracted significantly to $1.2M in 2022. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Imports peaked at $2.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Rum in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Panama | 616 | 169 | 405 | 326 | -19.1% |
Colombia | 542 | 319 | 285 | 271 | -20.6% |
Venezuela | 91.3 | 112 | 261 | 210 | 32.0% |
Mexico | 429 | 95.9 | 145 | 143 | -30.7% |
Nicaragua | 199 | 81.2 | 141 | 114 | -16.9% |
Cuba | 150 | 69.2 | 90.8 | 72.1 | -21.7% |
Peru | 123 | 45.1 | 70.6 | 56.8 | -22.7% |
Others | 95.4 | 76.6 | 100 | 39.4 | -25.5% |
Total | 2,245 | 968 | 1,498 | 1,233 | -18.1% |
Top Suppliers of Rum to Ecuador in 2022:
- Panama (231.9K litres)
- Colombia (152.5K litres)
- Mexico (89.1K litres)
- Peru (70.3K litres)
- Venezuela (53.6K litres)
- Nicaragua (34.9K litres)
- Cuba (24.2K litres)
Rum Exports in Ecuador
In 2022, shipments abroad of rum decreased by -7% to 218K litres for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 147% against the previous year. The exports peaked at 235K litres in 2021, and then contracted in the following year.
In value terms, rum exports declined to $679K in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 155%. Over the period under review, the exports reached the maximum at $740K in 2021, and then declined in the following year.
Export of Rum in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 216 | 442 | 632 | 584 | 39.3% |
Netherlands | 20.3 | 155 | 102 | 94.5 | 67.0% |
Chile | N/A | 19.9 | N/A | N/A | 0% |
Others | 6.5 | N/A | 6.2 | N/A | -2.3% |
Total | 242 | 618 | 740 | 679 | 41.0% |
Top Export Markets for Rum from Ecuador in 2022:
- United States (194.6K litres)
- Netherlands (23.7K litres)
This report provides an in-depth analysis of the rum market in Ecuador. 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:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the rum market in Ecuador.
This report provides an in-depth analysis of the spirits and liqueurs market in Ecuador.
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in Ecuador.
This report provides an in-depth analysis of the grape wine spirits market in Ecuador.
This report provides an in-depth analysis of the whisky market in Ecuador.
This report provides an in-depth analysis of the gin and geneva market in Ecuador.
This report provides an in-depth analysis of the global rum market.
This report provides an in-depth analysis of the global spirits and liqueurs market.
This report provides an in-depth analysis of the global market for spirits, liqueurs and other spirituous beverages.
This report provides an in-depth analysis of the global grape wine spirits market.
Explore the top import markets for rum worldwide and discover the cultural preferences, consumer trends, and cocktail cultures that contribute to the popularity of rum in these countries.
Explore the top import markets for spirits and liqueurs based on their import values. Find out key statistics and market insights on the world's leading countries for importing spirits and liqueurs.
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
Explore the top import markets for spirits, liqueurs, and other alcoholic beverages, including key statistics and import values. Discover the demand and trends in countries such as the United States, Germany, United Kingdom, and more. Gain valuable insights for producers and exporters in the global market.
Explore the world's best import markets for grape wine spirits with key statistics and insights. Learn about the top countries and their import values. Discover opportunities for wine producers and exporters.
This article explores the world's best import markets for whisky, including the United States, France, Singapore, the Netherlands, Germany, Taiwan, China, Japan, Australia, and Spain. It highlights their growing demand for whisky, the popularity of different styles and brands, and the emergence of whisky culture in these countries. The IndexBox market intelligence platform provides valuable data and insights for businesses operating in the whisky market.
Explore the top import markets for rum worldwide and discover the cultural preferences, consumer trends, and cocktail cultures that contribute to the popularity of rum in these countries.
Explore the top import markets for spirits and liqueurs based on their import values. Find out key statistics and market insights on the world's leading countries for importing spirits and liqueurs.
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...