Brazil: Candles And Tapers Market 2024

Candles And Tapers Market Size in Brazil

In 2021, the Brazilian candles and tapers market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Candles And Tapers Production in Brazil

In value terms, candles and tapers production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 32% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Candles And Tapers Exports

Exports from Brazil

In 2021, approx. X tons of candles and tapers were exported from Brazil; falling by -3.9% against the previous year's figure. Overall, exports continue to indicate a mild decline. The pace of growth was the most pronounced in 2020 when exports increased by 16%. The exports peaked 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 soared to $X in 2021. In general, exports showed a perceptible setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for candles and tapers exports from Brazil, accounting for a 99% share of total exports. It was followed by Bolivia (X tons), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay was relatively modest.

In value terms, Paraguay ($X) remains the key foreign market for candles and tapers exports from Brazil, comprising 98% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay stood at -1.4%.

Export Prices by Country

The average candles and tapers export price stood at $X per ton in 2021, jumping by 36% against the previous year. Overall, the export price, however, saw a noticeable slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Paraguay amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-1.2%).

Candles And Tapers Imports

Imports into Brazil

In 2021, supplies from abroad of candles and tapers increased by 118% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, candles and tapers imports surged to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of candles and tapers to Brazil, accounting for a 87% share of total imports. Moreover, candles and tapers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.5% per year) and Hong Kong SAR (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of candles and tapers to Brazil, comprising 71% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Hong Kong SAR, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.1% per year) and Hong Kong SAR (+10.3% per year).

Import Prices by Country

The average candles and tapers import price stood at $X per ton in 2021, with an increase of 9.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 Canada ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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