Belgium: Candles And Tapers Market 2024

Candles And Tapers Market Size in Belgium

For the fourth year in a row, the Belgian candles and tapers market recorded growth in sales value, which increased by 14% to $X in 2021. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 +68.6% against 2017 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Candles And Tapers Production in Belgium

In value terms, candles and tapers production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Candles And Tapers Exports

Exports from Belgium

In 2021, approx. X tons of candles and tapers were exported from Belgium; with an increase of 3.3% against the previous year. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 50% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, candles and tapers exports surged to $X in 2021. Over the period under review, total exports indicated a resilient 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, exports increased by +84.1% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), the UK (X tons) and France (X tons) were the main destinations of candles and tapers exports from Belgium, together accounting for 77% of total exports. These countries were followed by Germany, the Czech Republic, Poland and Spain, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +22.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and France ($X) constituted the largest markets for candles and tapers exported from Belgium worldwide, together accounting for 67% of total exports. These countries were followed by Germany, the Czech Republic, Poland and Spain, which together accounted for a further 18%.

The Czech Republic, with a CAGR of +35.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, rising by 21% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the UK ($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 the Czech Republic (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Belgium

In 2021, purchases abroad of candles and tapers was finally on the rise to reach X tons after two years of decline. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers imports skyrocketed to $X in 2021. Over the period under review, total imports 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, imports increased by +30.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 59% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of candles and tapers to Belgium, accounting for a 53% share of total imports. Moreover, candles and tapers imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.8% per year) and China (+11.5% per year).

In value terms, the largest candles and tapers suppliers to Belgium were Poland ($X), the Netherlands ($X) and China ($X), with a combined 72% share of total imports. Romania, Germany, France and the UK lagged somewhat behind, together comprising a further 24%.

Romania, with a CAGR of +671.7%, saw the highest growth rate of the value of imports, among the main suppliers 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, waning by -15.7% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2020 an increase of 13%. The import price peaked at $X per ton in 2013; however, from 2014 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 the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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