Belarus: Candles And Tapers Market 2024

Candles And Tapers Market Size in Belarus

The Belarusian candles and tapers market shrank rapidly to $X in 2021, waning by -15.2% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Candles And Tapers Production in Belarus

In value terms, candles and tapers production dropped remarkably to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Candles And Tapers Exports

Exports from Belarus

In 2021, overseas shipments of candles and tapers increased by 66% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 4,639%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, candles and tapers exports skyrocketed to $X in 2021. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,601%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons), the United States (X tons) and Russia (X tons) were the main destinations of candles and tapers exports from Belarus, with a combined 90% share of total exports. These countries were followed by the UK and Germany, which together accounted for a further 9.4%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +798.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candles and tapers exported from Belarus were Lithuania ($X), the United States ($X) and Russia ($X), with a combined 90% share of total exports. These countries were followed by the UK and Germany, which together accounted for a further 9.6%.

Among the main countries of destination, Germany, with a CAGR of +457.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average candles and tapers export price amounted to $X per ton, jumping by 36% against the previous year. In general, the export price continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 87% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($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 Lithuania (+22.6%), while the prices for the other major destinations experienced mixed trend patterns.

Candles And Tapers Imports

Imports into Belarus

In 2021, imports of candles and tapers into Belarus expanded notably to X tons, increasing by 13% on the previous year's figure. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 36%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, candles and tapers imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of candles and tapers to Belarus, accounting for a 52% share of total imports. Moreover, candles and tapers imports from Poland exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+22.5% per year) and China (+6.1% per year).

In value terms, the largest candles and tapers suppliers to Belarus were Poland ($X), Russia ($X) and China ($X), together comprising 91% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +18.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average candles and tapers import price amounted to $X per ton, jumping by 24% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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