Europe: Candles And Tapers Market 2024

Candles And Tapers Market Size in Europe

In 2021, the Europe candles and tapers market increased by 13% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Candles And Tapers Production in Europe

In value terms, candles and tapers production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to see steady growth in years to come.

Candles And Tapers Exports

Exports in Europe

Candles and tapers exports stood at X tons in 2021, picking up by 13% compared with the year before. The total export volume increased at an average annual rate of +4.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached 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 resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.3% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Poland (X tons) represented the major exporter of candles and tapers, constituting 46% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 10% share, followed by Germany (8.6%) and Belgium (6.4%). The Czech Republic (X tons), Hungary (X tons), Italy (X tons), the UK (X tons), Sweden (X tons), Latvia (X tons), Denmark (X tons), Slovenia (X tons) and Estonia (X tons) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, the Czech Republic (+27.3%), Slovenia (+18.6%), Hungary (+7.8%), Belgium (+5.4%), the UK (+4.3%), 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 Europe, 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. Poland (+7.9 p.p.) and the Czech Republic (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while Germany and the Netherlands saw its share reduced by -1.7% and -10.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest candles and tapers supplier in Europe, comprising 33% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Germany, with an 8.5% share.

In Poland, candles and tapers exports expanded at an average annual rate of +6.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-2.7% per year) and Germany (+1.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, 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 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 exporting countries. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Estonia ($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 Europe

In 2021, approx. X tons of candles and tapers were imported in Europe; with an increase of 23% on 2020. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern 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. The total import value increased at an average annual rate of +5.0% over the period 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.

Imports by Country

Germany (X tons) and the UK (X tons) represented the major importers of candles and tapers in 2021, amounting to near 21% and 16% of total imports, respectively. It was distantly followed by the Netherlands (X tons), Belgium (X tons) and France (X tons), together achieving a 20% share of total imports. Austria (X tons), Sweden (X tons), Italy (X tons), Poland (X tons), the Czech Republic (X tons), Romania (X tons), Hungary (X tons) and Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +16.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candles and tapers importing markets in Europe were Germany ($X), the UK ($X) and the Netherlands ($X), with a combined 47% share of total imports. These countries were followed by France, Belgium, Austria, Italy, the Czech Republic, Sweden, Poland, Norway, Romania and Hungary, which together accounted for a further 35%.

Romania, with a CAGR of +17.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, with an increase of 8.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached 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