What is the price of rum per kilogram/pound in Singapore today?
The retail price range for Singapore rum is between US$ 34.05 and US$ 43.47 per kilogram or between US$ 15.44 and US$ 19.72 per pound(lb). Click here to see today's exact prices of rum in Singapore
The retail price range in Singapore Dollar for rum is between SGD 45.79 and SGD 58.46 per kilogram or between SGD 20.77 and SGD 26.51 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore rum is between US$ 23.84 and US$ 30.43 per kilogram or between US$ 10.81 and US$ 13.80 per pound(lb).
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Singapore Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from Singapore has seen a steady increase over the last five years. In 2016, the price was 10.75 US $ per kg, and in 2021, it was 10.13 US $ per kg. This indicates a slight decrease in the price of Rum from Singapore over the last five years. However, the overall trend has been an increase in the export price per kilogram of Rum from Singapore. For example, in 2010, the price was 7.54 US $ per kg, and in 2021, it was 10.13 US $ per kg. Based on this trend, it is likely that the export price per kilogram of Rum from Singapore will continue to increase in the next two years, with a predicted price of 10.30 US $ per kg in 2023 and 10.47 US $ per kg in 2024.Singapore Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into Singapore has seen a steady increase over the past five years. In 2017, the price was 11.56 US dollars per kg, followed by a slight decrease to 9.65 US dollars per kg in 2018. In 2019, the price rose again to 9.92 US dollars per kg, before dropping to 8.01 US dollars per kg in 2020. The price then increased again to 10.13 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Rum into Singapore will continue to increase in the coming years. We can predict that the price in 2023 will be around 10.50 US dollars per kg, and in 2024 it will be around 11.00 US dollars per kg.Export values for Singapore rum
The total values in export for rum in Singapore were US$ 12,762, US$ 14,067, US$ 12,311 and US$ 12,881 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
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Singapore rum - Production, Exports, Imports, Seasons and HS Codes
The amount of rum sold by Singapore in 2020 was 975 metric tonnes. In 2019 Singapore shipped 1,298 tonnes of rum. For the year 2019 alone, the market for Singapore rum (processed category) has escalated, recording a change of 1.724 per cent compared to the year 2018. Between 2017 and 2019, rum's exports went up by 6.66 percent bringing Singapore US$12.88m for the year 2019. Singapore's rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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Singapore rum export values
In 2019, Singapore shipped rum worth 12.88m USD, a surge of 4.62% from 2018's total rum export of 12.311m USD. The yearly growth in value of Singapore rum between 2017 to 2018 was -12.483 pc.
The yearly variation in the volume of Singapore's rum exports between 2017 and 2019 was 6.66 per cent compared to a variation of 1.724% in the period between 2018 and 2019.
Singapore's stake of the world's total rum's exports in 2019 was less than 1%. The country holds position 11 in world exports of rum.
Export markets for Singapore rum ( in '000$ )
Import/Export Trends
Singapore is a net importer of rum. The annual growth of Singapore rum in value between 2015 to 2019 was -5%, per year, while annual growth in quantity for the same period was -16%, per annum.
Singapore imported 1,850 tonnes of rum in 2019.