What is the price of rum per kilogram/pound in Barbados today?
The retail price range for Barbados rum is between US$ 27.37 and US$ 97.48 per kilogram or between US$ 12.41 and US$ 44.21 per pound(lb). Click here to see today's exact prices of rum in Barbados
The retail price range in Barbados Dollar for rum is between BBD 54.74 and BBD 194.95 per kilogram or between BBD 24.83 and BBD 88.41 per pound(lb) in Bridgetown and Holetown.
Wholesale prices
In 2024, the approximate wholesale price range for Barbados rum is between US$ 19.16 and US$ 68.23 per kilogram or between US$ 8.69 and US$ 30.95 per pound(lb).
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Barbados Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from Barbados over the last five years has seen a steady increase. In 2017, the price was 2.92 US$ per kg, and by 2021, it had risen to 3.97 US$ per kg. The highest price was in 2021, at 3.97 US$ per kg, while the lowest was in 2018, at 2.85 US$ per kg. The price in 2020 was 3.24 US$ per kg, and in 2022 it was 3.88 US$ per kg. Based on this trend, it is predicted that the price of Rum from Barbados in 2023 will be around 4.11 US$ per kg, and in 2024 it will be around 4.25 US$ per kg.Barbados Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into Barbados over the last five years has been quite volatile. In 2017, the price was at its lowest point of $2.92, before increasing to $3.28 in 2015. In 2020, the price rose to its highest point of $3.24, before dropping to $2.78 in 2019. The current price is $3.88, which is the highest price in the last five years. Looking ahead, we can expect the price of Rum to remain relatively stable in the next two years, with an estimated price of $3.93 in 2023 and $3.98 in 2024.Export values for Barbados rum
The total values in export for rum in Barbados were US$ 38,901, US$ 42,324, US$ 40,753 and US$ 38,624 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Barbados: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of rum in other countries across Caribbean: Aruba rum, Bahamas rum, Barbados rum, Cuba rum, Dominican Republic rum, Grenada rum, Guadeloupe rum, Haiti rum, Jamaica rum & Martinique rum.
Barbados rum - Production, Exports, Imports, Seasons and HS Codes
The amount of rum sold by Barbados in 2020 was 11,708 metric tonnes. In 2019 Barbados shipped 13,858 tonnes of rum. For the year 2019 alone, the market for Barbados rum (processed category) has decreased, with a change of -3.05 pc compared to the year 2018. Between 2017 and 2019, rum's exports decreased by -4.32 percent earning the country US$38.62m for the year 2019. Barbados' rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Barbados rum export values
In 2019, Barbados sold rum worth 38.62m USD, a decrease of -5.23% from 2018's total rum export of 40.753m USD. The annual change in value of Barbados rum between 2017 to 2018 was -3.712%.
The annual/yearly variation in the volume of Barbados' rum exports between 2017 and 2019 was -4.32 percent compared to a variation of -3.05% in the period between 2018 and 2019.
Export markets for Barbados rum ( in '000$ )
Barbados bought 638 tonnes of rum in 2019.