What is the price of rum per kilogram/pound in Cyprus today?
The retail price range for Cyprus rum is between US$ 5.87 and US$ 18.62 per kilogram or between US$ 2.66 and US$ 8.45 per pound(lb). Click here to see today's exact prices of rum in Cyprus
The retail price range in Euro for rum is between EUR 5.43 and EUR 17.21 per kilogram or between EUR 2.46 and EUR 7.80 per pound(lb) in Nicosia and Larnaca.
Wholesale prices
In 2024, the approximate wholesale price range for Cyprus rum is between US$ 4.11 and US$ 13.04 per kilogram or between US$ 1.86 and US$ 5.91 per pound(lb).
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Cyprus Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from Cyprus over the last five years has seen a significant fluctuation. In 2012, the price was 15.82 US dollars per kg, which dropped to 13.48 US dollars per kg in 2013. However, in 2014, the price rose to 27.00 US dollars per kg, before dropping to 5.40 US dollars per kg in 2015. The price then rose to 6.00 US dollars per kg in 2016, before increasing to 9.25 US dollars per kg in 2017. In 2018, the price rose to 10.50 US dollars per kg, before dropping to 7.35 US dollars per kg in 2019. The price then dropped further to 6.90 US dollars per kg in 2020, before increasing to 9.54 US dollars per kg in 2021. The latest data shows that the price of Rum from Cyprus is 8.93 US dollars per kg in 2022. Based on this trend, it is predicted that the price of Rum from Cyprus will be around 9.50 US dollars per kg in 2023 and 8.50 US dollars per kg in 2024.Cyprus Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into Cyprus over the last five years has been quite volatile. In 2016, the price was 6.00 US dollars per kg, followed by a sharp increase to 9.25 US dollars per kg in 2017. This was followed by a slight decrease to 10.50 US dollars per kg in 2018, before dropping to 7.35 US dollars per kg in 2019. The price then decreased further to 6.90 US dollars per kg in 2020, before rising to 9.54 US dollars per kg in 2021. The most recent data shows that the price has dropped to 8.93 US dollars per kg in 2022. Based on the current trend, it is likely that the import price per kilogram of Rum into Cyprus will remain relatively stable in the next two years. We predict that the price will remain at around 8.93 US dollars per kg in 2023 and 2024.Export values for Cyprus rum
The total values in export for rum in Cyprus were US$ 12, US$ 37, US$ 21 and US$ 169 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Cyprus: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of rum in other countries across Middle East: Bahrain rum, Cyprus rum, Iraq rum, Israel rum, Jordan rum, Kuwait rum, Lebanon rum, Palestine rum, Oman rum & Qatar rum.
Cyprus rum - Production, Exports, Imports, Seasons and HS Codes
The quantity of rum sold by Cyprus in 2020 was 6 metric tonnes. In 2019 Cyprus shipped 23 tonnes of rum. Across 2019 alone, the demand for Cyprus rum (processed category) has climbed, recording a change of 1050 pc compared to the year 2018. Between 2017 and 2019, rum's exports went up by 475% earning the nation US$0.17m for the year 2019. Cyprus' rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Cyprus rum export values
In 2019, Cyprus exported rum costing 0.17m USD, an increase of 709.52% from 2018's total rum export of 0.021m USD. The yearly change in value of Cyprus rum between 2017 to 2018 was -43.243 percent.
The yearly variation in the quantity of Cyprus' rum exports between 2017 and 2019 was 475 pc when compared to a variation of 1050% in the growth rate between 2018 and 2019.
Export markets for Cyprus rum ( in '000$ )
Cyprus brought in 290 tonnes of rum in 2019.