Australia and Oceania: Candles And Tapers Market 2024

Candles And Tapers Market Size in Australia and Oceania

The candles and tapers market in Australia and Oceania expanded sharply to $X in 2021, picking up by 13% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.1% against 2013 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Candles And Tapers Production in Australia and Oceania

In value terms, candles and tapers production rose significantly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 34%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Candles And Tapers Exports

Exports in Australia and Oceania

In 2021, shipments abroad of candles and tapers increased by 11% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +10.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.8% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 42% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, candles and tapers exports soared to $X in 2021. Overall, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia was the largest exporting country with an export of around X tons, which reached 85% of total exports. It was distantly followed by New Zealand (X tons), achieving a 15% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to candles and tapers exports from Australia stood at +9.9%. At the same time, New Zealand (+15.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +15.2% from 2012-2021. While the share of New Zealand (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-3.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest candles and tapers supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 5.9% share of total exports.

In Australia, candles and tapers exports increased at an average annual rate of +10.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 72% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.7%).

Candles And Tapers Imports

Imports in Australia and Oceania

In 2021, overseas purchases of candles and tapers increased by 68% to X tons, rising for the second consecutive year after four years of decline. Overall, imports showed noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 258%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, candles and tapers imports surged to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 369%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Australia represented the key importer of candles and tapers in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 82% of total imports in 2021. It was distantly followed by New Zealand (X tons), making up a 15% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to candles and tapers imports into Australia stood at +5.2%. At the same time, New Zealand (+7.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.3% from 2012-2021. While the share of Australia (+3.2 p.p.) and New Zealand (+2.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported candles and tapers in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

In Australia, candles and tapers imports expanded at an average annual rate of +8.3% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, rising by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2020 when the import price increased by 31%. Over the period under review, import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.0%).

Source: IndexBox Platform

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