What is the price of rum per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong rum is between US$ 7.86 and US$ 28.00 per kilogram or between US$ 3.56 and US$ 12.70 per pound(lb). Click here to see today's exact prices of rum in Hong Kong
The retail price range in Hong Kong Dollar for rum is between HKD 61.43 and HKD 218.84 per kilogram or between HKD 27.86 and HKD 99.25 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong rum is between US$ 5.50 and US$ 19.60 per kilogram or between US$ 2.49 and US$ 8.89 per pound(lb).
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Hong Kong Rum Export Prices - Historical, Trends and Prediction
The export price of Rum from Hong Kong has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021, it further increased to $2.90. The most recent data shows that the export price per kilogram of Rum from Hong Kong in 2022 was $3.05. Overall, the export price of Rum from Hong Kong has increased by 24.5% over the past five years. It is difficult to predict the prices for 2023 and 2024, but it is likely that the export price will continue to increase.Hong Kong Rum Import Prices - Historical, Trends and Prediction
The import price of Rum into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.50, which increased to $2.90 in 2019. In 2020, the price rose to $3.20, and in 2021 it further increased to $3.50. The most recent data shows that the import price per kilogram of Rum into Hong Kong in 2022 was $3.80. Overall, the import price of Rum into Hong Kong has seen a steady increase over the past five years, with the price increasing by $1.30 from 2018 to 2022. This trend is likely to continue in the coming years, with the import price per kilogram of Rum into Hong Kong predicted to reach $4.10 in 2023 and $4.40 in 2024.Export values for Hong Kong rum
The total values in export for rum in Hong Kong were US$ 445, US$ 279, US$ 238 and US$ 302 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Hong Kong: 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.
Hong Kong rum - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong exported 39 tonnes of rum. Through 2019 alone, the market for Hong Kong rum (processed category) has increased, with a change of 30 per cent compared to the year 2018. Between 2017 and 2019, rum's exports went up by 14.71% earning the country US$0.30m for the year 2019. Hong Kong's rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Hong Kong rum export values
In 2019, Hong Kong supplied rum with a value of 0.30m USD, an increase of 26.05% from 2018's total rum export of 0.238m USD. The yearly change in value of Hong Kong rum between 2017 to 2018 was -14.695%.
The yearly change in the volume of Hong Kong's rum exports between 2017 and 2019 was 14.71% when compared to a variation of 30% in the growth rate between 2018 and 2019.
Hong Kong's portion of the world's total rum's exports in 2019 was less than 1%. Hong Kong is ranked number 6 in world exports of rum.
Export markets for Hong Kong rum ( in '000$ )
Import/Export Trends
Hong Kong is a net importer of rum. The annual growth of Hong Kong rum in value between 2015 to 2019 was -10%, per annum, while annual growth in quantity through the same period was -10%, per annum.
Hong Kong imported 249 tonnes of rum in 2019.