Key Market Indicators
Italian demand for rum is expected to reach nearly $300 million by 2026. This is up from $236 million in 2021, representing an average annual growth rate of 3.9%. Since 1999, Italian demand has increased by almost 30%. In 2021, Germany topped the rankings with $236 million, followed by Italy, the United States, and Spain. Italian exports of rum are forecast to reach $197 million by 2026. This is up from $152 million in 2021, with an average annual growth rate of 4.3%. Since 1999, Italian exports have grown by over 40%. In 2021, the United States was the top exporter at $152 million, followed by Italy, the United States, and France.
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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
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