What is the price of rum per kilogram/pound in Cape Verde today?
The retail price range for Cape Verde rum is between US$ 12.71 and US$ 29.33 per kilogram or between US$ 5.76 and US$ 13.30 per pound(lb). Click here to see today's exact prices of rum in Cape Verde
The retail price range in Cape Verdean Escudo for rum is between CVE 1,296.82 and CVE 2,992.65 per kilogram or between CVE 588.13 and CVE 1,357.21 per pound(lb) in Praia and Mindelo.
Wholesale prices
In 2024, the approximate wholesale price range for Cape Verde rum is between US$ 8.90 and US$ 20.53 per kilogram or between US$ 4.03 and US$ 9.31 per pound(lb).
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Cape Verde Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from Cape Verde over the last five years has been relatively stable. In 2016, the price was 5.06 US$ per kg, followed by 4.18 US$ per kg in 2017. In 2018, the price increased to 4.84 US$ per kg, before dropping to 4.15 US$ per kg in 2019. The most recent year, 2020, saw a significant increase to 6.25 US$ per kg. Based on this data, it is likely that the export price of Rum from Cape Verde will remain around the 6.25 US$ per kg mark in the next few years, with a possible slight increase to 6.50 US$ per kg in 2023 and 2024.Cape Verde Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into Cape Verde over the last five years has been relatively stable. In 2016, the price was $5.06, followed by a slight decrease to $4.18 in 2017. In 2018, the price increased to $4.84, before dropping to $4.15 in 2019. The most recent year, 2020, saw a significant increase to $6.25. Overall, the import price per kilogram of Rum into Cape Verde has increased by $2.36 over the last five years. Based on this trend, it is predicted that the import price per kilogram of Rum into Cape Verde will be $7.61 in 2023 and $9.17 in 2024.Export values for Cape Verde rum
The total values in export for rum in Cape Verde were US$ 481, US$ 380, US$ 411 and US$ 216 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Cape Verde: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of rum in other countries across Africa: Algeria rum, Angola rum, Botswana rum, Burundi rum, Cameroon rum, Cape Verde rum, Central African Republic rum, Comoros rum, DRC Congo rum & Benin rum.
Cape Verde rum - Production, Exports, Imports, Seasons and HS Codes
In 2019 Cape Verde exported 52 tonnes of rum. Across 2019 alone, the demand for Cape Verde rum (processed category) has decreased, with a change of -38.824 percent compared to the year 2018. Between 2017 and 2019, rum's exports went down by -42.86 percent earning the country US$0.22m for the year 2019. Cape Verde's rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Cape Verde rum export values
In 2019, Cape Verde shipped rum worth 0.22m USD, a contraction of -46.47% from 2018's total rum export of 0.411m USD. The annual reduction in value of Cape Verde rum between 2017 to 2018 was 8.158 percent.
The yearly variation in the volume of Cape Verde's rum exports between 2017 and 2019 was -42.86 per cent compared to a variation of -38.824% in the period between 2018 and 2019.
Export markets for Cape Verde rum ( in '000$ )
Cape Verde brought in 133 tonnes of rum in 2019.