Croatia: Candles And Tapers Market 2024

Candles And Tapers Market Size in Croatia

The Croatian candles and tapers market surged to $X in 2021, jumping by 44% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Candles And Tapers Production in Croatia

In value terms, candles and tapers production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Candles and tapers production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Candles And Tapers Exports

Exports from Croatia

After three years of decline, shipments abroad of candles and tapers increased by 26% to X tons in 2021. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 237%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, candles and tapers exports soared to $X in 2021. Over the period under review, exports posted a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by 151% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Hungary (X tons) and Sweden (X tons) were the main destinations of candles and tapers exports from Croatia, together accounting for 73% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +181.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for candles and tapers exports from Croatia, comprising 32% of total exports. The second position in the ranking was held by Hungary ($X), with a 15% share of total exports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+27.3% per year) and Sweden (+173.2% per year).

Export Prices by Country

The average candles and tapers export price stood at $X per ton in 2021, growing by 9.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 Greece (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Croatia

In 2021, imports of candles and tapers into Croatia surged to X tons, jumping by 21% on the year before. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 65% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, candles and tapers imports skyrocketed to $X in 2021. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 47% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of candles and tapers imports to Croatia, with a combined 63% share of total imports. These countries were followed by Slovenia, Bosnia and Herzegovina, Slovakia, the Czech Republic, Italy and China, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Slovenia ($X) appeared to be the largest candles and tapers suppliers to Croatia, with a combined 59% share of total imports. Hungary, Bosnia and Herzegovina, China, the Czech Republic, Italy and Slovakia lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, the Czech Republic, with a CAGR of +37.2%, saw 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

The average candles and tapers import price stood at $X per ton in 2021, with an increase of 15% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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