Asia: Candles And Tapers Market 2025

Candles And Tapers Market Size in Asia

The Asian candles and tapers market fell to $X in 2021, declining by -5.3% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.3% against 2012 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Candles And Tapers Production in Asia

In value terms, candles and tapers production dropped slightly to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.1% against 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of 18%. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Candles And Tapers Exports

Exports in Asia

In 2021, approx. X tons of candles and tapers were exported in Asia; increasing by 19% on 2020 figures. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers exports soared to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.0% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of about X tons, which resulted at 68% of total exports. Vietnam (X tons) held the second position in the ranking, distantly followed by India (X tons). All these countries together held near 27% share of total exports. Thailand (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +4.4% from 2012 to 2021. At the same time, Vietnam (+7.2%) and Thailand (+2.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.2% from 2012-2021. By contrast, India (-1.3%) illustrated a downward trend over the same period. While the share of Vietnam (+5.4 p.p.) and China (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest candles and tapers supplier in Asia, comprising 61% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 26% share of total exports. It was followed by India, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +4.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+7.0% per year) and India (+7.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the other leaders experienced mixed trends in the export price figures.

Candles And Tapers Imports

Imports in Asia

In 2021, purchases abroad of candles and tapers decreased by -2.4% to X tons, falling for the second consecutive year after eight years of growth. Overall, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2017 when imports increased by 35% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, candles and tapers imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons), Saudi Arabia (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), Israel (X tons) and Japan (X tons) was the key importer of candles and tapers in Asia, committing 58% of total import. It was distantly followed by Malaysia (X tons), constituting a 4.9% share of total imports. The following importers - Singapore (X tons), India (X tons), Turkey (X tons), Iraq (X tons), Indonesia (X tons) and Kuwait (X tons) - each finished at an 18% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candles and tapers importing markets in Asia were the United Arab Emirates ($X), South Korea ($X) and Saudi Arabia ($X), together accounting for 35% of total imports. Japan, Israel, Singapore, Taiwan (Chinese), Kuwait, Malaysia, Turkey, Iraq, Indonesia and India lagged somewhat behind, together accounting for a further 41%.

Taiwan (Chinese), with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 39% against the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, candles and tapers import price increased by +84.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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