What is the price of rum per kilogram/pound in New Zealand today?
The retail price range for New Zealand rum is between US$ 28.59 and US$ 87.50 per kilogram or between US$ 12.97 and US$ 39.68 per pound(lb). Click here to see today's exact prices of rum in New Zealand
The retail price range in New Zealand Dollar for rum is between NZD 45.48 and NZD 139.20 per kilogram or between NZD 20.63 and NZD 63.13 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand rum is between US$ 20.01 and US$ 61.25 per kilogram or between US$ 9.08 and US$ 27.78 per pound(lb).
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New Zealand Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from New Zealand over the last five years has seen a steady decline. In 2015, the price was 3.90 US dollars per kg, which dropped to 3.48 US dollars per kg in 2016. In 2017, the price rose slightly to 3.70 US dollars per kg, before dropping again to 3.55 US dollars per kg in 2018. The price then dropped significantly to 2.42 US dollars per kg in 2019 and further to 2.07 US dollars per kg in 2020. 2021 saw a sharp increase to 7.25 US dollars per kg, followed by a decrease to 5.14 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Rum from New Zealand in 2023 will be around 4.01 US dollars per kg and in 2024 will be around 3.07 US dollars per kg.New Zealand Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into New Zealand over the last five years has been quite varied. In 2015, the price was $3.90, dropping to $3.48 in 2016. This was followed by a slight increase to $3.70 in 2017, before dropping again to $3.55 in 2018. The price then experienced a significant decrease to $2.42 in 2019, before dropping further to $2.07 in 2020. This year, 2021, has seen a dramatic increase to $7.25. Looking ahead, the price is expected to drop to $5.14 in 2022. Based on this data, it is predicted that the import price per kilogram of Rum into New Zealand will remain relatively stable in 2023, at around $5.14. In 2024, the price is expected to increase slightly, to around $5.50.Export values for New Zealand rum
The total values in export for rum in New Zealand were US$ 522, US$ 366, US$ 231 and US$ 215 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of rum in other countries across Oceania: Fiji rum, French Polynesia rum, Guam rum, Micronesia rum, New Caledonia rum, Papua New Guinea rum, Samoa rum, Solomon Islands rum, Tonga rum & Vanuatu rum.
New Zealand rum - Production, Exports, Imports, Seasons and HS Codes
The quantity of rum shipped by New Zealand in 2020 was 84 tons. In 2019 New Zealand exported 89 tonnes of rum. For 2019 alone, the demand for New Zealand rum (processed category) has escalated, flactuating by 36.923 percent compared to the year 2018. Between 2017 and 2019, rum's exports reduced by -10.1 pc netting New Zealand US$0.22m for the year 2019. New Zealand's rum exports are classified as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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New Zealand rum export values
In 2019, New Zealand sold rum worth 0.22m USD, a decrease of -4.76% from 2018's total rum export of 0.231m USD. The annual reduction in value of New Zealand rum between 2017 to 2018 was -36.885 per cent.
The annual change in the amount of New Zealand's rum exports between 2017 and 2019 was -10.1% in comparison to a variation of 36.923% in the period between 2018 and 2019.
New Zealand's stake of the world's total rum's exports in 2019 was 2 per cent. New Zealand holds number 5 in world exports of rum.
Export markets for New Zealand rum ( in '000$ )
Import/Export Trends
New Zealand is a net exporter of rum. The annual growth of New Zealand rum in value between 2015 to 2019 was 27%, per year, while annual growth in quantity through the same period was 36%, per annum.
New Zealand ordered 2,494 tonnes of rum in 2019.