The European rum market in 2023 saw France leading with 419.42 million euros, followed by Spain and Germany, each notably smaller in size at 148.94 and 133.3 million euros, respectively. Most countries, including Spain and Germany, experienced declines, whereas Sweden and Hungary showed growth with Sweden increasing by 5.13% year-on-year. The overall market portrays mixed trends with a blend of minor growth and declining sales in significant markets such as France and Spain.
Looking forward, watch for potential growth in smaller markets like Sweden and Slovakia, which may gain momentum. Additionally, ongoing economic adjustments may influence major markets like France to stabilize or innovate, impacting the overall dynamics of the European rum industry.
Top countries in Rum Market Size Value by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 419,420,000 | 2023 | -0.84% | -0.46% | View data |
| 2 | 2 Spain | 148,940,000 | 2023 | -7.82% | -6.68% | View data |
| 3 | 3 Germany | 133,300,000 | 2023 | -5.09% | -3.76% | View data |
| 4 | 4 Netherlands | 42,986,000 | 2023 | +0.24% | -0.18% | View data |
| 5 | 5 Greece | 24,800,000 | 2023 | +2.12% | +2.17% | View data |
| 6 | 6 Sweden | 21,795,000 | 2023 | +4.56% | +5.13% | View data |
| 7 | 7 Slovakia | 19,477,000 | 2023 | +6.43% | +2.93% | View data |
| 8 | 8 Finland | 9,625,000 | 2023 | +1.36% | +0.73% | View data |
| 9 | 9 Croatia | 6,019,500 | 2023 | +5.67% | -0.88% | View data |
| 10 | 10 Hungary | 5,962,700 | 2023 | +3.32% | +2.14% | View data |
