# Venezuela Rum and other spirits obtained by distilling fermented sugar-cane products price positioning (HS 220840)

Canonical: https://www.yugalinks.com/trade/price-exporter/ven/220840
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Venezuela has a median reported export price of $13.0K/t across 98 markets. Across the reported period, the highest observed price is $4.9M/t in Ecuador; the lowest is $851.4/t in Dominican Republic.

## Summary

- Price spread: 37,481.5%
- Total trade value: $378.7M
- Average quantity: 156 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Italy | 2023 | $4.1K/t | -53.8% | +7.2% | +16.7% | $69.3M | 5 | Below |
| Spain | 2023 | $11.1K/t | -2.9% | +11.2% | +20.7% | $37.7M | 5 | Mid |
| Czechia | 2023 | $16.0K/t | -12.1% | +21.8% | +18.6% | $30.8M | 5 | Mid |
| Germany | 2023 | $14.6K/t | +32.8% | +50.8% | +38.6% | $57.8M | 5 | Above |
| USA, Puerto Rico and US Virgin Islands | 2023 | $11.3K/t | +16.3% | -16.1% | -34.7% | $51.4M | 5 | Mid |
| Dominican Republic | 2023 | $2.6K/t | -66.3% | +17.5% | -70.2% | $18.6M | 5 | Below |
| Slovakia | 2023 | $10.8K/t | -52.7% | -6.4% | -51.4% | $12.4M | 5 | Below |
| Netherlands | 2023 | $3.1K/t | -63.8% | +21% | -67.1% | $7.1M | 5 | Below |
| France | 2023 | $8.6K/t | -10.7% | -34.1% | -21.4% | $37.7M | 5 | Mid |
| Austria | 2023 | $19.0K/t | -2.7% | +21.6% | +100% | $6.4M | 5 | Mid |
| United Kingdom | 2023 | $14.6K/t | +61.9% | +57.7% | +31.4% | $4.2M | 5 | Above |
| Russia | 2019 | $13.9K/t | +102.8% | -2.4% | -2.4% | $1.6M | 2 | Above |
| Romania | 2023 | $16.9K/t | +18.9% | +110% | -8.4% | $1.0M | 3 | Mid |
| Portugal | 2023 | $21.1K/t | +129.8% | -47.1% | +0.4% | $791.9K | 4 | Above |
| Canada | 2023 | $7.5K/t | +0% | +1% | +9.6% | $3.5M | 4 | Mid |
| Ecuador | 2023 | $4.9M/t | +6,380.8% | +57,222.8% | +60,576.4% | $937.5K | 4 | Above |

## Price history

- Italy: 2017 $3.5K/t, 2019 $4.1K/t, 2020 $4.4K/t, 2022 $3.9K/t, 2023 $4.1K/t
- Spain: 2017 $9.2K/t, 2019 $10.7K/t, 2020 $12.0K/t, 2022 $10.0K/t, 2023 $11.1K/t
- Czechia: 2017 $13.4K/t, 2019 $13.7K/t, 2020 $13.4K/t, 2022 $13.1K/t, 2023 $16.0K/t
- Germany: 2017 $10.5K/t, 2019 $11.6K/t, 2020 $12.6K/t, 2022 $9.7K/t, 2023 $14.6K/t
- USA, Puerto Rico and US Virgin Islands: 2017 $17.2K/t, 2019 $13.9K/t, 2020 $12.7K/t, 2022 $13.4K/t, 2023 $11.3K/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $7.3K/t | Not reported | $55.9M | 51 |
| 2019 | $8.1K/t | +11.3% | $74.2M | 72 |
| 2020 | $6.9K/t | -14.7% | $65.5M | 68 |
| 2022 | $6.6K/t | -5.2% | $106.8M | 75 |
| 2023 | $6.7K/t | +2.7% | $76.3M | 79 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 98 importer markets; 345 reported market-year observations.

## FAQ

### What does Venezuela price positioning show for HS 220840?

It compares Venezuela's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Rum and other spirits obtained by distilling fermented sugar-cane products market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "VEN",
  "hs_code": "220840",
  "summary": {
    "num_markets": 98,
    "highest_price_importer_iso3": "ECU",
    "highest_price_usd_per_ton": 4857357.142857143,
    "lowest_price_importer_iso3": "DOM",
    "lowest_price_usd_per_ton": 851.4311912154449,
    "median_price_across_markets": 12957.0810564663,
    "price_spread_pct": 37481.47974456224,
    "avg_quantity_metric_tons": 156.2313884057971,
    "total_trade_value_usd": 378748814
  },
  "marketRows": [
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  "trendRows": [
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      "values": [
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