CIS: Candles And Tapers Market 2024

Candles And Tapers Market Size in CIS

The CIS candles and tapers market reduced to $X in 2021, declining by -5.9% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 +8.7% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Candles And Tapers Production in CIS

In value terms, candles and tapers production reduced to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Candles And Tapers Exports

Exports in CIS

In 2021, after three years of decline, there was significant growth in overseas shipments of candles and tapers, when their volume increased by 40% to X tons. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 204% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, candles and tapers exports surged to $X in 2021. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 141% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Russia (X tons) was the major exporter of candles and tapers, making up 65% of total exports. It was distantly followed by Belarus (X tons), creating a 32% share of total exports. Uzbekistan (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to candles and tapers exports from Russia stood at +5.6%. At the same time, Belarus (+57.2%) and Uzbekistan (+55.0%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +57.2% from 2012-2021. While the share of Belarus (+31 p.p.) and Uzbekistan (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-33.1 p.p.) displayed negative dynamics.

In value terms, the largest candles and tapers supplying countries in the CIS were Russia ($X), Belarus ($X) and Uzbekistan ($X), with a combined 100% share of total exports.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +65.8%, 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 export price in the CIS stood at $X per ton in 2021, growing by 33% against the previous year. In general, the export price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2019 an increase of 110%. Over the period under review, the export 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 suppliers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.9%), while the other leaders experienced more modest paces of growth.

Candles And Tapers Imports

Imports in CIS

In 2021, after two years of decline, there was significant growth in purchases abroad of candles and tapers, when their volume increased by 39% to X tons. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +47.6% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was approx. 71% of total imports in 2021. Belarus (X tons) took the second position in the ranking, followed by Kazakhstan (X tons). All these countries together took near 18% share of total imports. The following importers - Azerbaijan (X tons), Moldova (X tons) and Uzbekistan (X tons) - each resulted at an 8.9% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of candles and tapers. At the same time, Uzbekistan (+38.7%), Azerbaijan (+17.6%), Belarus (+11.8%), Moldova (+9.4%) and Kazakhstan (+3.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +38.7% from 2012-2021. From 2012 to 2021, the share of Belarus, Uzbekistan and Azerbaijan increased by +5.1, +2.7 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported candles and tapers in the CIS, comprising 73% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Belarus, with an 8% share.

In Russia, candles and tapers imports expanded at an average annual rate of +2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+11.5% per year) and Belarus (+9.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, growing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+33.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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