| Product Code: ETC8579256 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Nicaragua craft rum import market in 2024 continued to see significant concentration, with Guatemala, Mexico, Barbados, Cuba, and the United States dominating the export landscape. Despite a challenging CAGR of -4.6% from 2020 to 2024, the market experienced a sharp decline in growth rate of -57.41% from 2023 to 2024. This indicates a shifting landscape that may require strategic adjustments for importers and producers in the coming years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nicaragua Craft Rum Market Overview |
3.1 Nicaragua Country Macro Economic Indicators |
3.2 Nicaragua Craft Rum Market Revenues & Volume, 2021 & 2031F |
3.3 Nicaragua Craft Rum Market - Industry Life Cycle |
3.4 Nicaragua Craft Rum Market - Porter's Five Forces |
3.5 Nicaragua Craft Rum Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nicaragua Craft Rum Market Revenues & Volume Share, By Volume, 2021 & 2031F |
3.7 Nicaragua Craft Rum Market Revenues & Volume Share, By Pricing, 2021 & 2031F |
3.8 Nicaragua Craft Rum Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.9 Nicaragua Craft Rum Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nicaragua Craft Rum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer interest in premium and craft spirits |
4.2.2 Growing popularity of artisanal and locally-produced products |
4.2.3 Rising trend of experiential drinking and cocktail culture |
4.3 Market Restraints |
4.3.1 Limited awareness and visibility of Nicaragua craft rum brands in international markets |
4.3.2 Challenges in distribution and access to key export markets |
4.3.3 Competition from established rum-producing countries |
5 Nicaragua Craft Rum Market Trends |
6 Nicaragua Craft Rum Market, By Types |
6.1 Nicaragua Craft Rum Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nicaragua Craft Rum Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nicaragua Craft Rum Market Revenues & Volume, By Light Rum, 2021- 2031F |
6.1.4 Nicaragua Craft Rum Market Revenues & Volume, By Gold Rum, 2021- 2031F |
6.1.5 Nicaragua Craft Rum Market Revenues & Volume, By Dark/Black Rum, 2021- 2031F |
6.1.6 Nicaragua Craft Rum Market Revenues & Volume, By Rhum Agricole, 2021- 2031F |
6.1.7 Nicaragua Craft Rum Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Nicaragua Craft Rum Market, By Volume |
6.2.1 Overview and Analysis |
6.2.2 Nicaragua Craft Rum Market Revenues & Volume, By Under 350ml, 2021- 2031F |
6.2.3 Nicaragua Craft Rum Market Revenues & Volume, By 351ml - 750ml, 2021- 2031F |
6.2.4 Nicaragua Craft Rum Market Revenues & Volume, By Above 750ml, 2021- 2031F |
6.3 Nicaragua Craft Rum Market, By Pricing |
6.3.1 Overview and Analysis |
6.3.2 Nicaragua Craft Rum Market Revenues & Volume, By Mass, 2021- 2031F |
6.3.3 Nicaragua Craft Rum Market Revenues & Volume, By Premium, 2021- 2031F |
6.4 Nicaragua Craft Rum Market, By End-user |
6.4.1 Overview and Analysis |
6.4.2 Nicaragua Craft Rum Market Revenues & Volume, By Individual, 2021- 2031F |
6.4.3 Nicaragua Craft Rum Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5 Nicaragua Craft Rum Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Nicaragua Craft Rum Market Revenues & Volume, By Online, 2021- 2031F |
6.5.3 Nicaragua Craft Rum Market Revenues & Volume, By Offline, 2021- 2031F |
7 Nicaragua Craft Rum Market Import-Export Trade Statistics |
7.1 Nicaragua Craft Rum Market Export to Major Countries |
7.2 Nicaragua Craft Rum Market Imports from Major Countries |
8 Nicaragua Craft Rum Market Key Performance Indicators |
8.1 Number of international awards won by Nicaragua craft rum brands |
8.2 Growth in online presence and engagement on social media platforms |
8.3 Increase in tourism to Nicaragua for rum-related experiences and distillery visits |
9 Nicaragua Craft Rum Market - Opportunity Assessment |
9.1 Nicaragua Craft Rum Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nicaragua Craft Rum Market Opportunity Assessment, By Volume, 2021 & 2031F |
9.3 Nicaragua Craft Rum Market Opportunity Assessment, By Pricing, 2021 & 2031F |
9.4 Nicaragua Craft Rum Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.5 Nicaragua Craft Rum Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nicaragua Craft Rum Market - Competitive Landscape |
10.1 Nicaragua Craft Rum Market Revenue Share, By Companies, 2024 |
10.2 Nicaragua Craft Rum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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