United Kingdom - Candles And Tapers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCandle and Taper Price in UK Surges 13% to New Record of $4,441 per Ton
United Kingdom Candle and Taper Import Price in July 2022
In July 2022, the candles and tapers price stood at $4,441 per ton (CIF, United Kingdom), picking up by 13% against the previous month. Over the period under review, import price indicated a resilient increase from January 2022 to July 2022: its price increased at an average monthly rate of +11.5% over the last six months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, candles and tapers import price increased by +27.6% against May 2022 indices. The pace of growth was the most pronounced in February 2022 when the average import price increased by 71% against the previous month. The import price peaked in July 2022.
There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was the United States ($6,364 per ton), while the price for Poland ($2,905 per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by China (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
United Kingdom Candle and Taper Imports
In July 2022, approximately 5.6K tons of candles and tapers were imported into the UK; waning by -6.9% against June 2022 figures. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in March 2022 when imports increased by 23% against the previous month. Over the period under review, imports attained the peak figure at 15K tons in January 2022; however, from February 2022 to July 2022, imports remained at a lower figure.
In value terms, candles and tapers imports amounted to $25M (IndexBox estimates) in July 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in March 2022 with an increase of 12% against the previous month. As a result, imports attained the peak of $37M. From April 2022 to July 2022, the growth of imports failed to regain momentum.
United Kingdom Candle and Taper Imports by Country
China (1.4K tons), Poland (862 tons) and Vietnam (855 tons) were the main suppliers of candles and tapers imports to the UK, together comprising 57% of total imports. The Czech Republic, Belgium, the United States and India lagged somewhat behind, together comprising a further 32%.
From January 2022 to July 2022, the biggest increases were in the United States (with a CAGR of +2.6%), while purchases for the other leaders experienced a decline.
In value terms, the largest candles and tapers suppliers to the UK were China ($6.9M), Vietnam ($4.3M) and Poland ($2.5M), together comprising 55% of total imports. The Czech Republic, the United States, Belgium and India lagged somewhat behind, together comprising a further 29%.
In terms of the main suppliers, India, with a CAGR of -0.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Factors Affecting Candle and Taper Prices
Candles and tapers are one of the most popular items used in the United Kingdom. Candles and tapers prices in the UK have been on the rise in recent years, with various factors contributing to this trend. The cost of raw materials has increased, as has the cost of energy and transportation.
There are also many other factors that can affect the price of these items. The most common factor is the type of wax that is used. The cheaper candles are made with paraffin wax, while the more expensive ones are made with beeswax or soy wax. Other factors that can affect the price include the size and shape of the candle, as well as the scent. Scented candles tend to be more expensive than unscented ones.
This report provides an in-depth analysis of the candles and tapers market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32995400 - Candles, tapers and the like (including night lights fitted with a float) (excluding anti-asthmatic candles, wax matches or vestas, sulphur-treated bands, wicks and candles)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
