Czech Republic: Candles And Tapers Market 2024

Candles And Tapers Market Size in the Czech Republic

The Czech candles and tapers market reduced markedly to $X in 2021, waning by -28.3% against the previous year. In general, consumption continues to indicate a noticeable downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Candles And Tapers Production in the Czech Republic

In value terms, candles and tapers production fell to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 543%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Candles And Tapers Exports

Exports from the Czech Republic

In 2021, the amount of candles and tapers exported from the Czech Republic expanded rapidly to X tons, with an increase of 14% on 2020. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 115%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, candles and tapers exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 141%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for candles and tapers exports from the Czech Republic, with a 57% share of total exports. Moreover, candles and tapers exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +172.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+89.8% per year) and Germany (+17.7% per year).

In value terms, the largest markets for candles and tapers exported from the Czech Republic were the UK ($X), Italy ($X) and Germany ($X), together accounting for 72% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +154.6%, 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

In 2021, the average candles and tapers export price amounted to $X per ton, surging by 16% against the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of 43%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the United States ($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 Germany (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into the Czech Republic

After two years of decline, purchases abroad of candles and tapers increased by 18% to X tons in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 36% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, candles and tapers imports soared to $X in 2021. In general, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of candles and tapers to the Czech Republic, with a 57% share of total imports. Moreover, candles and tapers imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Slovakia (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.9% per year) and Slovakia (+18.1% per year).

In value terms, Poland ($X) constituted the largest supplier of candles and tapers to the Czech Republic, comprising 43% of total imports. The second position in the ranking was taken by the UK ($X), with an 11% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+61.2% per year) and Germany (+7.9% per year).

Import Prices by Country

The average candles and tapers import price stood at $X per ton in 2021, with an increase of 23% against the previous year. Overall, the import price posted tangible growth. The growth pace was the most rapid in 2017 an increase of 37%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain 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 Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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