China: Candles And Tapers Market 2025

Candles And Tapers Market Size in China

The Chinese candles and tapers market reduced to $X in 2021, falling by -5.7% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +53.2% against 2012 indices. Candles and tapers consumption peaked at $X in 2020, and then declined in the following year.

Candles And Tapers Production in China

In value terms, candles and tapers production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank modestly in the following year.

Candles And Tapers Exports

Exports from China

Candles and tapers exports from China skyrocketed to X tons in 2021, increasing by 18% against 2020 figures. In general, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of candles and tapers exports from China, with a combined 29% share of total exports. These countries were followed by Germany, Poland, France, Australia, Italy, Nigeria, Canada, Israel, South Korea and Taiwan (Chinese), which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +27.8%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Germany ($X) constituted the largest markets for candles and tapers exported from China worldwide, with a combined 32% share of total exports. The Netherlands, Australia, France, Poland, Italy, Canada, South Korea, Israel, Nigeria and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Poland, with a CAGR of +17.2%, saw 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

The average candles and tapers export price stood at $X per ton in 2021, growing by 19% against the previous year. Overall, the export price saw 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.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nigeria ($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 United States (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into China

In 2021, purchases abroad of candles and tapers increased by 19% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 73% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, candles and tapers imports skyrocketed to $X in 2021. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), the United States (X tons) and France (X tons) were the main suppliers of candles and tapers imports to China, with a combined 65% share of total imports. The UK, Spain, Vietnam, Thailand and Hong Kong SAR lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +78.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of candles and tapers to China, comprising 44% of total imports. The second position in the ranking was taken by the UK ($X), with a 19% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +47.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+66.0% per year) and the United States (+27.8% per year).

Import Prices by Country

In 2021, the average candles and tapers import price amounted to $X per ton, with an increase of 56% against the previous year. Overall, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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