The World Market for Rum and Tafia: A 2018 Global Trade Perspective

 Published On: Apr, 2017 |    No of Pages: 181 |  Published By: Icon Group International, Inc | Format: PDF
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This series was created for international firms who rely on foreign markets for a substantial portion of their business or who might be threatened by international competition. The estimates given in this report were created using a methodology developed by and implemented under the direct supervision of Professor Philip M. Parker, the INSEAD Chair Professor of Management Science. The methodology relies on historical figures across countries. The figures should be seen as market estimates, as opposed to historical records, as these are projected for a specific year of trade.

This report was created for strategic planners, international executives and import/export managers who are concerned with the market for rum and tafia. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics that appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for rum and tafia for those countries serving the world market via exports or supplying from various countries via imports. I do so for a specific year based on a variety of key historical indicators and econometric models.

On the demand side, exporters and strategic planners approaching the world market face a number of questions. Which countries are supplying rum and tafia? What is the dollar value of these imports? How much do the imports of rum and tafia vary from one country to another? Do exporters serving the world market have similar market shares across the importing countries? Which countries supply the most exports of rum and tafia? Which countries are buying their exports? What is the value of these exports and which countries are the largest buyers?

In what follows, Chapter 2 begins by summarizing the regional markets for imported and exported rum and tafia. The total level of imports and exports on a worldwide basis, and those for each region, is based on a model which aggregates across over 150 key country markets and projects these to a specific year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of origin. Based on both demand and supply-side dynamics, market shares by country of origin are then calculated across each country market destination. These shares lead to a volume of import and export values for each country and are aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each market and the shares that countries are likely to receive in a specific year. From these figures, rankings are calculated to allow managers to prioritize markets. In this way, all the figures provided in this report are forecasts that can be combined with internal information for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports, Chapter 3 details the exports of rum and tafia, for each individual country. Chapter 4 does the same, but for imports of rum and tafia for all countries in the world. In all cases, the total dollar volume and percentage share values by major trading partner are provided. Combined, Chapters 3 and 4 present the complete picture for imports and exports of rum and tafia to and from all major countries in the world. Of the countries considered, if a country is not reported here it is therefore estimated to have only a negligible level of trade in rum and tafia (i.e. their market shares are close or equal to zero percent). "Rum and Tafia" as a category is defined in this report following the definition given by the United Nations Statistics Division Classification Registry using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defined "rum and tafia" is 11244.

1 METHODOLOGY
1.1 OUR APPROACH
2 THE WORLD MARKET
2.1 EXPORTS
2.2 IMPORTS
3 EXPORTS
3.1 AFRICA
3.1.1 EXECUTIVE SUMMARY
3.1.2CAMEROON
3.1.3CAPE VERDE
3.1.4KENYA
3.1.5MADAGASCAR
3.1.6MAURITIUS
3.1.7MOROCCO
3.1.8 SOUTH AFRICA
3.1.9SWAZILAND
3.1.10UGANDA
3.2 ASIA
3.2.1 EXECUTIVE SUMMARY
3.2.2BHUTAN
3.2.3HONG KONG
3.2.4 INDIA
3.2.5 JAPAN
3.2.6NEPAL
3.2.7 PHILIPPINES
3.2.8 SINGAPORE
3.2.9 SRI LANKA
3.2.10 THAILAND
3.2.11VIETNAM
3.3 EUROPE
3.3 .1 EXECUTIVE SUMMARY
3.3 .2 AUSTRIA
3.3 .3 BELGIUM
3.3 .4 BULGARIA
3.3 .5 CROATIA
3.3 .6 CYPRUS
3.3 .7 CZECH REPUBLIC
3.3 .8 DENMARK
3.3 .9 ESTONIA
3.3 .10 FINLAND
3.3 .11 FRANCE
3.3 .12 GERMANY
3.3 .13 GREECE
3.3 .14 HUNGARY
3.3 .15 IRELAND
3.3 .16 ITALY
3.3 .17 LATVIA
3.3 .18 LITHUANIA
3.3 .19 LUXEMBOURG
3.3 .2 0 MALTA
3.3 .2 1 NORWAY
3.3 .2 2 POLAND
3.3 .2 3 PORTUGAL
3.3 .2 4SLOVAKIA
3.3 .2 5SLOVENIA
3.3 .2 6SPAIN
3.3 .2 7SWEDEN
3.3 .2 8THE NETHERLANDS
3.4LATIN AMERICA
3.4.1 EXECUTIVE SUMMARY
3.4.2BELIZE
3.4.3BRAZIL
3.4.4COLOMBIA
3.4.5COSTA RICA
3.4.6ECUADOR
3.4.7GUATEMALA
3.4.8GUYANA
3.4.9MEXICO
3.4.10NICARAGUA
3.4.11PANAMA
3.4.12PARAGUAY
3.4.13PERU
3.4.14SURINAME
3.4.15VENEZUELA
3.5NORTH AMERICA & THE CARIBBEAN
3.5.1 EXECUTIVE SUMMARY
3.5.2ANGUILLA
3.5.3BARBADOS
3.5.4BERMUDA
3.5.5CANADA
3.5.6CUBA
3.5.7DOMINICAN REPUBLIC
3.5.8HAITI
3.5.9JAMAICA
3.5.1 0ST. LUCIA
3.5.1 1THE BAHAMAS
3.5.1 2THE UNITED STATES
3.6OCEANIA
3.6.1 EXECUTIVE SUMMARY
3.6.2AUSTRALIA
3.6.3FIJI
3.6.4NEW ZEALAND
3.6.5TONGA
3.7THE MIDDLE EAST
3.7.1 EXECUTIVE SUMMARY
3.7.2ISRAEL
4IMPORTS
4.1AFRICA
4.1.1 EXECUTIVE SUMMARY
4.1.2ALGERIA
4.1.3BENIN
4.1.4BOTSWANA
4.1.5BURKINA FASO
4.1.6CAMEROON
4.1.7CAPE VERDE
4.1.8CENTRAL AFRICAN REPUBLIC
4.1.9CONGO (FORMERLY ZAIRE)
4.1.10COTE D'IVOIRE
4.1.11ETHIOPIA
4.1.12MAURITIUS
4.1.13MOROCCO
4.1.14MOZAMBIQUE
4.1.15NAMIBIA
4.1.16NIGERIA
4.1.17RWANDA
4.1.18SENEGAL
4.1.19SIERRA LEONE
4.1.20 SOUTH AFRICA
4.1.21UGANDA
4.1.22ZIMBABWE
4.2 ASIA
4.2.1 EXECUTIVE SUMMARY
4.2.2 CHINA
4.2.3HONG KONG
4.2.4 INDIA
4.2.5 INDONESIA
4.2.6 JAPAN
4.2.7 MALAYSIA
4.2.8MALDIVES
4.2.9MONGOLIA
4.2.10PHILIPPINES
4.2.11SINGAPORE
4.2.12SOUTH KOREA
4.2.13SRI LANKA
4.2.14TAIWAN
4.2.15THAILAND
4.2.16VIETNAM
4.3EUROPE
4.3.1 EXECUTIVE SUMMARY
4.3.2ANDORRA
4.3.3 AUSTRIA
4.3.4BELARUS
4.3.5BELGIUM
4.3.6BOSNIA AND HERZEGOVINA
4.3.7BULGARIA
4.3.8CROATIA
4.3.9CYPRUS
4.3.10CZECH REPUBLIC
4.3.11DENMARK
4.3.12ESTONIA
4.3.13FINLAND
4.3.14FRANCE
4.3.15GEORGIA
4.3.16GERMANY
4.3.17GREECE
4.3.18HUNGARY
4.3.19ICELAND
4.3.20IRELAND
4.3.21ITALY
4.3.22KAZAKHSTAN
4.3.23LATVIA
4.3.24LITHUANIA
4.3.25LUXEMBOURG
4.3.26MACEDONIA
4.3.27MALTA
4.3.28MOLDOVA
4.3.29NORWAY
4.3.3 0POLAND
4.3.3 1PORTUGAL
4.3.3 2ROMANIA
4.3.3 3RUSSIA
4.3.3 4SLOVAKIA
4.3.3 5SLOVENIA
4.3.3 6SPAIN
4.3.3 7SWEDEN
4.3.3 8THE NETHERLANDS
4.3.3 9UKRAINE
4.4LATIN AMERICA
4.4.1 EXECUTIVE SUMMARY
4.4.2ARGENTINA
4.4.3BELIZE
4.4.4BOLIVIA
4.4.5BRAZIL
4.4.6CHILE
4.4.7COLOMBIA
4.4.8ECUADOR
4.4.9EL SALVADOR
4.4.10GUATEMALA
4.4.11GUYANA
4.4.12HONDURAS
4.4.13MEXICO
4.4.14NICARAGUA
4.4.15PANAMA
4.4.16PARAGUAY
4.4.17PERU
4.4.18SURINAME
4.4.19URUGUAY
4.5NORTH AMERICA & THE CARIBBEAN
4.5.1 EXECUTIVE SUMMARY
4.5.2ARUBA
4.5.3BARBADOS
4.5.4BERMUDA
4.5.5CANADA
4.5.6DOMINICAN REPUBLIC
4.5.7JAMAICA
4.5.8ST. LUCIA
4.5.9THE BAHAMAS
4.5.1 0THE UNITED STATES
4.6OCEANIA
4.6.1 EXECUTIVE SUMMARY
4.6.2AUSTRALIA
4.6.3FIJI
4.6.4NEW CALEDONIA
4.6.5NEW ZEALAND
4.6.6TONGA
4.7THE MIDDLE EAST
4.7.1 EXECUTIVE SUMMARY
4.7.2ARMENIA
4.7.3 BAHRAIN
4.7.4ISRAEL
4.7.5LEBANON
4.7.6OMAN
4.7.7QATAR
4.7.8TURKEY
5 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS
5.1 DISCLAIMERS & SAFE HARBOR
5.2 ICON GROUP INTERNATIONAL, INC. USER AGREEMENT PROVISIONS
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