What is the price of rum per kilogram/pound in Jamaica today?
The retail price range for Jamaica rum is between US$ 18.36 and US$ 36.71 per kilogram or between US$ 8.33 and US$ 16.65 per pound(lb). Click here to see today's exact prices of rum in Jamaica
The retail price range in Jamaican Dollar for rum is between JMD 2,859.42 and JMD 5,717.33 per kilogram or between JMD 1,296.79 and JMD 2,592.89 per pound(lb) in Kingston and Montego Bay.
Wholesale prices
In 2024, the approximate wholesale price range for Jamaica rum is between US$ 12.85 and US$ 25.69 per kilogram or between US$ 5.83 and US$ 11.65 per pound(lb).
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Jamaica Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from Jamaica over the last five years has been relatively stable. In 2017, the price was 2.97 US$ per kg, followed by a slight increase to 3.29 US$ per kg in 2018. In 2019, the price rose to 3.59 US$ per kg, before dropping to 3.03 US$ per kg in 2020. The price then increased again to 3.08 US$ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Rum from Jamaica in 2023 will be around 3.25 US$ per kg, and in 2024 will be around 3.43 US$ per kg.Jamaica Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into Jamaica over the last five years has been relatively stable. In 2017, the price was 2.97 US dollars per kg, followed by a slight increase to 3.29 US dollars per kg in 2018. This was followed by a further increase to 3.59 US dollars per kg in 2019. However, the price dropped to 3.03 US dollars per kg in 2020 and then increased slightly to 3.08 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Rum into Jamaica in 2023 will be around 3.18 US dollars per kg and in 2024 will be around 3.28 US dollars per kg.Export values for Jamaica rum
The total values in export for rum in Jamaica were US$ 39,804, US$ 41,236, US$ 45,671 and US$ 55,976 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Jamaica: 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.
Jamaica rum - Production, Exports, Imports, Seasons and HS Codes
In 2019 Jamaica shipped 15,594 tonnes of rum. Through 2019 alone, the interest in Jamaica rum (processed category) has improved, recording a change of 12.446 % compared to the year 2018. Between 2017 and 2019, rum's exports increased by 12.19 pc bringing the country US$55.98m for the year 2019. Jamaica's rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Jamaica rum export values
In 2019, Jamaica exported rum worth 55.98m USD, an improvement of 22.57% from 2018's total rum export of 45.671m USD. The yearly growth in value of Jamaica rum between 2017 to 2018 was 10.755 pc.
The annual change in the amount of Jamaica's rum exports between 2017 and 2019 was 12.19 per cent compared to a variation of 12.446% in the period between 2018 and 2019.
Export markets for Jamaica rum ( in '000$ )
Jamaica purchased 218 tonnes of rum in 2019.