Israel: Candles And Tapers Market 2024

Candles And Tapers Market Size in Israel

The Israeli candles and tapers market fell slightly to $X in 2021, reducing by -2.8% against the previous year. Overall, consumption showed a buoyant increase. Candles and tapers consumption peaked at $X in 2020, and then shrank slightly in the following year.

Candles And Tapers Production in Israel

In value terms, candles and tapers production declined to $X in 2021 estimated in export price. In general, production, however, enjoyed prominent growth. The growth pace was the most rapid in 2017 when the production volume increased by 37% against the previous year. Candles and tapers production peaked at $X in 2020, and then reduced in the following year.

Candles And Tapers Exports

Exports from Israel

In 2021, after seven years of decline, there was significant growth in shipments abroad of candles and tapers, when their volume increased by 39% to X tons. Overall, exports, however, recorded a abrupt slump. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, candles and tapers exports skyrocketed to $X in 2021. In general, exports, however, recorded a perceptible slump. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for candles and tapers exports from Israel, with a 81% share of total exports. Moreover, candles and tapers exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-11.3% per year) and France (-20.2% per year).

In value terms, the United States ($X) remains the key foreign market for candles and tapers exports from Israel, comprising 81% of total exports. The second position in the ranking was held by Canada ($X), with a 3.1% share of total exports. It was followed by France, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-8.1% per year) and France (-17.3% per year).

Export Prices by Country

In 2021, the average candles and tapers export price amounted to $X per ton, rising by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to the UK ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Israel

In 2021, approx. X tons of candles and tapers were imported into Israel; increasing by 34% against 2020. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 81%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, candles and tapers imports surged to $X in 2021. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 66%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of candles and tapers to Israel, with a 75% share of total imports. Moreover, candles and tapers imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+24.1% per year) and the United States (+19.7% per year).

In value terms, China ($X) constituted the largest supplier of candles and tapers to Israel, comprising 76% of total imports. The second position in the ranking was taken by Poland ($X), with a 5.3% share of total imports. It was followed by the United States, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+26.0% per year) and the United States (+21.7% per year).

Import Prices by Country

The average candles and tapers import price stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Cyprus ($X per ton) and Slovenia ($X per ton), while the price for China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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