Egypt: Candles And Tapers Market 2025

Candles And Tapers Market Size in Egypt

In 2021, after four years of growth, there was significant decline in the Egyptian candles and tapers market, when its value decreased by -7% to $X. Overall, consumption, however, continues to indicate a buoyant expansion. Candles and tapers consumption peaked at $X in 2020, and then reduced in the following year.

Candles And Tapers Production in Egypt

In value terms, candles and tapers production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 31%. Candles and tapers production peaked at $X in 2020, and then shrank in the following year.

Candles And Tapers Exports

Exports from Egypt

In 2021, shipments abroad of candles and tapers increased by 55% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 1,557% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, candles and tapers exports soared to $X in 2021. In general, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 1,834% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for candles and tapers exports from Egypt, with a 48% share of total exports. Moreover, candles and tapers exports to Syrian Arab Republic exceeded the volume sent to the second major destination, the United States (X tons), twofold. Australia (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Syrian Arab Republic totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.9% per year) and Australia (-3.4% per year).

In value terms, the largest markets for candles and tapers exported from Egypt were the United States ($X), Italy ($X) and Australia ($X), together accounting for 64% of total exports.

Among the main countries of destination, Italy, with a CAGR of +37.6%, saw the highest growth rate of 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, rising by 25% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 47%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Lebanon ($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 Italy (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Egypt

In 2021, after two years of decline, there was significant growth in overseas purchases of candles and tapers, when their volume increased by 49% to X tons. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 107% against the previous year. 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. Over the period under review, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest candles and tapers supplier to Egypt, accounting for a 37% share of total imports. Moreover, candles and tapers imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+45.1% per year) and China (-12.0% per year).

In value terms, the United States ($X) constituted the largest supplier of candles and tapers to Egypt, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.5% per year) and the United Arab Emirates (+76.4% per year).

Import Prices by Country

In 2021, the average candles and tapers import price amounted to $X per ton, growing by 18% against the previous year. In general, the import price saw a pronounced increase. The most prominent rate of growth was recorded in 2019 an increase of 63% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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