Benelux: Rum Market 2024

Rum Market Size in Benelux

In 2023, the Benelux rum market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Rum Production in Benelux

In value terms, rum production dropped to $X in 2023 estimated in export price. In general, production posted a prominent increase. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then declined in the following year.

Rum Exports

Exports in Benelux

In 2023, rum exports in Benelux rose sharply to X litres, growing by X% compared with the year before. Total exports indicated slight growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, rum exports rose slightly to $X in 2023. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

In 2023, the Netherlands (X litres) was the main exporter of rum, creating X% of total exports. It was distantly followed by Belgium (X litres), mixing up a X% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of rum. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2023. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the Netherlands ($X) remains the largest rum supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, rum exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Benelux stood at $X per litre in 2023, with a decrease of X% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per litre in 2022, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per litre), while the Netherlands amounted to $X per litre.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Rum Imports

Imports in Benelux

In 2023, approx. X litres of rum were imported in Benelux; stabilizing at the previous year. Overall, imports saw a perceptible expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at X litres in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, rum imports fell to $X in 2023. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, the Netherlands (X litres) was the key importer of rum, committing X% of total imports. It was distantly followed by Belgium (X litres), achieving a X% share of total imports. Luxembourg (X litres) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to rum imports into the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2023. Luxembourg experienced a relatively flat trend pattern. From 2012 to 2023, the share of Belgium increased by X percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported rum in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands stood at X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per litre, dropping by X% against the previous year. Overall, the import price, however, enjoyed pronounced growth. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per litre in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Luxembourg ($X per litre), while the Netherlands ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform