EU: Candles And Tapers Market 2024

Candles And Tapers Market Size in the EU

In 2021, the EU candles and tapers market increased by 17% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations 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 the EU

In value terms, candles and tapers production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 13% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to continue growth in the near future.

Candles And Tapers Exports

Exports in the EU

In 2021, approx. X tons of candles and tapers were exported in the European Union; picking up by 13% against 2020. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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 surged to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.9% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland represented the main exporting country with an export of around X tons, which resulted at 48% of total exports. The Netherlands (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Germany (8.9%) and Belgium (6.6%). The following exporters - the Czech Republic (X tons), Hungary (X tons), Italy (X tons), Sweden (X tons), Latvia (X tons), Denmark (X tons), Slovenia (X tons) and Estonia (X tons) - together made up 19% of total exports.

From 2012 to 2021, average annual rates of growth with regard to candles and tapers exports from Poland stood at +6.2%. At the same time, the Czech Republic (+27.3%), Slovenia (+18.6%), Hungary (+7.8%), Belgium (+5.4%), Latvia (+3.7%), Denmark (+2.9%), Germany (+1.9%) and Estonia (+1.8%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +27.3% from 2012-2021. Italy and Sweden experienced a relatively flat trend pattern. By contrast, the Netherlands (-3.8%) illustrated a downward trend over the same period. While the share of Poland (+8.3 p.p.) and the Czech Republic (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Germany (-1.8 p.p.) and the Netherlands (-10.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest candles and tapers supplier in the European Union, comprising 35% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Germany, with a 9.1% share.

In Poland, candles and tapers exports expanded at an average annual rate of +6.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (-2.7% per year) and Germany (+1.5% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Estonia ($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 Czech Republic (+7.6%), while the other leaders experienced more modest paces of growth.

Candles And Tapers Imports

Imports in the EU

In 2021, approx. X tons of candles and tapers were imported in the European Union; picking up by 20% against the previous year's figure. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers imports surged to $X in 2021. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany was the largest importer of candles and tapers in the European Union, with the volume of imports recording X tons, which was approx. 28% of total imports in 2021. It was distantly followed by the Netherlands (X tons), Belgium (X tons), France (X tons), Austria (X tons), Sweden (X tons) and Italy (X tons), together generating a 41% share of total imports. Poland (X tons), the Czech Republic (X tons), Romania (X tons), Hungary (X tons), Denmark (X tons) and Slovakia (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to candles and tapers imports into Germany stood at +3.1%. At the same time, Romania (+16.9%), Hungary (+14.3%), Poland (+11.1%), Belgium (+9.3%), the Czech Republic (+8.6%), Italy (+7.2%), Slovakia (+5.6%), France (+4.6%), the Netherlands (+2.9%) and Austria (+1.6%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of +16.9% from 2012-2021. Sweden experienced a relatively flat trend pattern. By contrast, Denmark (-2.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium, Romania, Hungary and Poland increased by +2.6, +2.4, +2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest candles and tapers importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 47% of total imports. Belgium, Austria, Italy, the Czech Republic, Sweden, Poland, Romania, Denmark, Hungary and Slovakia lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Romania, with a CAGR of +17.3%, saw the highest rates of growth with regard to 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 import price in the European Union stood at $X per ton in 2021, growing by 9.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. 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 France ($X per ton), while Hungary ($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 Czech Republic (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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