Australia: Candles And Tapers Market 2024

Candles And Tapers Market Size in Australia

The Australian candles and tapers market totaled $X in 2021, growing by 13% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +75.7% against 2013 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Candles And Tapers Production in Australia

In value terms, candles and tapers production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. 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 pace of growth was the most pronounced in 2018 with an increase of 34%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Candles And Tapers Exports

Exports from Australia

In 2021, shipments abroad of candles and tapers increased by 8.9% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +9.9% 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 +44.4% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, candles and tapers exports skyrocketed to $X in 2021. In general, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X tons) was the main destination for candles and tapers exports from Australia, accounting for a 56% share of total exports. Moreover, candles and tapers exports to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+19.5% per year) and the UK (+24.2% per year).

In value terms, New Zealand ($X) remains the key foreign market for candles and tapers exports from Australia, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports. It was followed by the UK, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.7% per year) and the UK (+19.3% per year).

Export Prices by Country

The average candles and tapers export price stood at $X per ton in 2021, growing by 77% against the previous year. In general, 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.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+1.8%), while the prices for the other major destinations experienced a decline.

Candles And Tapers Imports

Imports into Australia

In 2021, purchases abroad of candles and tapers increased by 78% to X tons, rising for the second consecutive year after four years of decline. Overall, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers imports surged to $X in 2021. In general, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest candles and tapers supplier to Australia, accounting for a 74% share of total imports. Moreover, candles and tapers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. The third position in this ranking was held by Vietnam (X tons), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.7% per year) and Vietnam (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of candles and tapers to Australia, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.1% share of total imports. It was followed by Vietnam, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.5% per year) and Vietnam (+4.2% per year).

Import Prices by Country

In 2021, the average candles and tapers import price amounted to $X per ton, surging by 9.5% against the previous year. Over the period under review, the import price posted notable growth. The most prominent rate of growth was recorded in 2017 an increase of 9.5%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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