Key Market Indicators
Mexican rum exports dropped 16.4% in 2021 from the year before, totaling $3.4 million. This marks a 16.7% decrease since 1995. Chile was the top exporter at $3.4 million, followed by the United States, Italy, and France. Mexican rum imports are expected to drop 1.5% year-over-year on average to $11.8 million by 2026. This is a 3.5% decrease since 1995. Ukraine was the top importer at $12.9 million, followed by Italy, the United States, and Spain.
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Rum (Spirits) Industry: Analyzing Market Size, Growth and Future Forecasts Globally
Within the spirits industry, rum holds considerable weight due to its large volume, geographical spread, and consumer interest. The market size is significant, driven by substantial revenue generation and consumer demand globally. The current picture points towards steady growth, with markets in North America and Asia-Pacific regions notably contributing to...
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Rum Market: Comprehensive Analysis of Size, Growth and Forecast Trends Worldwide
The global rum market's growth is contingent upon various key economic and demographic factors. Notably, the rise in disposable income, a growing global population with a predilection for rum, and the expansion of distribution channels are driving rum's growth. Yet this market expansion is not happening uniformly across global regions,...
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Spirits Industry Spotlight: Innovative Trends Shaping the Global Rum Market
Increasing consumer preferences for premium and ultra-premium products are significantly driving the global rum market. These high-end rums, often aged and with complex flavors, appeal to the sophisticated taste palate of consumers looking for a unique drinking experience. Besides, the cocktail culture's revival, primarily in urban areas, has elevated the...
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