What is the price of rum per kilogram/pound in Australia today?
The retail price range for Australia rum is between US$ 19.45 and US$ 34.03 per kilogram or between US$ 8.82 and US$ 15.43 per pound(lb). Click here to see today's exact prices of rum in Australia
The retail price range in Australian Dollar for rum is between AUD 29.25 and AUD 51.19 per kilogram or between AUD 13.27 and AUD 23.22 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia rum is between US$ 13.61 and US$ 23.82 per kilogram or between US$ 6.17 and US$ 10.80 per pound(lb).
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Australia Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from Canada has seen a steady decline over the last five years. In 2017, the price was at its lowest point of US$1.65 per kg, before increasing to US$2.1 per kg in 2018. In 2019, the price rose to US$2.86 per kg, before reaching US$3.3 per kg in 2020. The price then dropped slightly to US$3.28 per kg in 2021, before increasing to US$4.16 per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Rum from Canada will be US$4.45 in 2023 and US$4.74 in 2024.
Australia Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into Australia over the last five years has been quite varied. In 2017, the price was 17.34 US dollars per kg, followed by a significant drop to 10.58 US dollars per kg in 2018. This was followed by a slight increase to 19.32 US dollars per kg in 2019, before dropping again to 12.07 US dollars per kg in 2020. The price then increased to 14.81 US dollars per kg in 2021, before dropping to 12.13 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Rum into Australia in 2023 will be around 11.00 US dollars per kg, and in 2024 will be around 13.00 US dollars per kg.Export values for Australia rum
The total values in export for rum in Australia were US$ 4,449, US$ 5,219, US$ 4,357 and US$ 6,435 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of rum in other countries across Oceania: Fiji rum, French Polynesia rum, Guam rum, Micronesia rum, New Caledonia rum, Papua New Guinea rum, Samoa rum, Solomon Islands rum, Tonga rum & Vanuatu rum.
Australia rum - Production, Exports, Imports, Seasons and HS Codes
The quantity of rum exported by Australia in 2020 was 269 metric tons. In 2019 Australia shipped 333 tonnes of rum. In 2019 alone, the interest in Australia rum (processed category) has reduced, changing by -19.175 % compared to the year 2018. Between 2017 and 2019, rum's exports increased by 10.63 percent earning the exporter US$6.44m for the year 2019. Australia's rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Australia rum export values
In 2019, Australia exported rum costing 6.44m USD, a surge of 47.81% from 2018's total rum export of 4.357m USD. The annual change in value of Australia rum between 2017 to 2018 was -16.517 pc.
The annual variation in the quantity of Australia's rum exports between 2017 and 2019 was 10.63 pc in comparison to a variation of -19.175% in the period between 2018 and 2019.
Australia's share of the world's total rum's exports in 2019 was 33.1 percent. Australia is ranked position 1 in world exports of rum.
Export markets for Australia rum ( in '000$ )
Import/Export Trends
Australia is a net exporter of rum. The annual growth of Australia rum in value between 2015 to 2019 was -1%, per year, while annual growth in quantity through the same period was -7%, per annum.
Australia imported 1,557 tonnes of rum in 2019.