What is the price of rum per kilogram/pound in Philippines today?
The retail price range for Philippines rum is between US$ 16.05 and US$ 31.85 per kilogram or between US$ 7.28 and US$ 14.45 per pound(lb). Click here to see today's exact prices of rum in Philippines
The retail price range in Philippine peso for rum is between PHP 892.94 and PHP 1,772.65 per kilogram or between PHP 404.96 and PHP 803.93 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines rum is between US$ 11.23 and US$ 22.30 per kilogram or between US$ 5.09 and US$ 10.11 per pound(lb).
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Philippines Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from Philippines has seen a steady increase over the last five years. In 2017, the price was 1.88 US $ per kg, which increased to 2.26 US $ per kg in 2018. In 2019, the price dropped slightly to 2.11 US $ per kg, but rose again to 2.46 US $ per kg in 2020. The latest data shows that the price has further increased to 2.80 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Rum from Philippines will be around 3.14 US $ per kg in 2023 and 3.48 US $ per kg in 2024.Philippines Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into Philippines has seen a steady increase over the past five years. In 2017, the price was $1.88, and in 2021, it was $2.80. This represents an increase of 49.5% over the five-year period. The highest price was recorded in 2020, when it was $2.46. This was followed by 2021, when it was $2.80. The lowest price was recorded in 2011, when it was $1.09. The average price over the five-year period was $2.12. Based on this trend, it is likely that the price of Rum in Philippines will continue to increase in the coming years. We can predict that the price in 2023 will be around $3.14 and in 2024 it will be around $3.48.Export values for Philippines rum
The total values in export for rum in the Philippines were US$ 1,817, US$ 1,661, US$ 2,275 and US$ 4,107 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Philippines: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
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Philippines rum - Production, Exports, Imports, Seasons and HS Codes
The quantity of rum shipped by the Philippines in 2020 was 2,114 metric tons. In 2019 The Philippines sold 1,943 tonnes of rum. In 2019 alone, the interest in the Philippines rum (processed category) has improved, recording a change of 92.949 % compared to the year 2018. Between 2017 and 2019, rum's exports went up by 120.05 pc earning the exporter US$4.11m for the year 2019. the Philippiness' rum exports are classified as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Philippines rum export values
In 2019, the Philippines shipped rum costing 4.11m USD, a surge of 80.66% from 2018's total rum export of 2.275m USD. The yearly change in value of the Philippines rum between 2017 to 2018 was 36.966 per cent.
The annual variation in the quantity of the Philippiness' rum exports between 2017 and 2019 was 120.05% when compared to a variation of 92.949% in the growth rate between 2018 and 2019.
the Philippiness' stake of the world's total rum's exports in 2019 was less than 1%. The country holds number 18 in world exports of rum.
Export markets for Philippines rum ( in '000$ )
Import/Export Trends
the Philippines is a net exporter of rum. The annual growth of the Philippines rum in value between 2015 to 2019 was -78%, per year, while annual growth in quantity for the same period was -82%, per annum.
the Philippines imported 613 tonnes of rum in 2019.