What is the price of rum per kilogram/pound in China today?
The retail price range for China rum is between US$ 9.08 and US$ 17.68 per kilogram or between US$ 4.12 and US$ 8.02 per pound(lb). Click here to see today's exact prices of rum in China
The retail price range in Yuan Renminbi for rum is between CNY 63.66 and CNY 123.97 per kilogram or between CNY 28.87 and CNY 56.22 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China rum is between US$ 6.35 and US$ 12.38 per kilogram or between US$ 2.88 and US$ 5.61 per pound(lb).
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China Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from China over the last five years has seen a significant increase. In 2016, the price was 10.75 US dollars per kg, and by 2021, it had risen to 5.64 US dollars per kg. The highest price was recorded in 2015, when it was 9.12 US dollars per kg. The lowest price was in 2019, when it was 4.43 US dollars per kg. The current price is 4.95 US dollars per kg. Based on the data, it is predicted that the export price per kilogram of Rum from China in 2023 will be 5.61 US dollars per kg, and in 2024, it will be 5.64 US dollars per kg.China Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into China over the last five years has seen a significant increase. In 2016, the price was 10.75 US dollars per kg, and by 2021, it had risen to 5.64 US dollars per kg. This represents an increase of almost 50% in the last five years. The highest price was recorded in 2015, when it was 9.12 US dollars per kg. The lowest price was recorded in 2019, when it was 4.43 US dollars per kg. The current price is 4.95 US dollars per kg. Looking ahead, it is likely that the import price per kilogram of Rum into China will continue to increase. We predict that the price in 2023 will be 6.25 US dollars per kg, and in 2024, it will be 6.50 US dollars per kg.Export values for China rum
The total values in export for rum in China were US$ 43, US$ 81, US$ 339 and US$ 239 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of rum in other countries across Asia: Kazakhstan rum, Kyrgyzstan rum, Tajikistan rum, Turkmenistan rum, Uzbekistan rum, China rum, Hong Kong rum, Macao rum, North Korea rum & Mongolia rum.
China rum - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 54 tonnes of rum. In 2019 alone, the demand for China rum (processed category) has improved, recording a change of 63.636 % compared to the year 2018. Between 2017 and 2019, rum's exports went up by 800% earning China US$0.24m for the year 2019. China's rum exports are classified as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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China rum export values
In 2019, China shipped rum with a value of 0.24m USD, a contraction of -29.20% from 2018's total rum export of 0.339m USD. The yearly reduction in value of China rum between 2017 to 2018 was 318.519 pc.
The annual/yearly variation in the volume of China's rum exports between 2017 and 2019 was 800 percent compared to a variation of 63.636% in the period between 2018 and 2019.
China's stake of the world's total rum's exports in 2019 was 24.2 pc. The country holds position 3 in world exports of rum.
Export markets for China rum ( in '000$ )
Import/Export Trends
China is a net importer of rum. The annual growth of China rum in value between 2015 to 2019 was 6%, per year, while annual growth in quantity through the same period was 7%, per annum.
China brought in 3,186 tonnes of rum in 2019.