Italy: Candles And Tapers Market 2024

Candles And Tapers Market Size in Italy

In 2021, the Italian candles and tapers market decreased by -38.2% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Candles And Tapers Production in Italy

In value terms, candles and tapers production fell significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 76%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Candles And Tapers Exports

Exports from Italy

In 2021, after three years of decline, there was significant growth in overseas shipments of candles and tapers, when their volume increased by 38% to X tons. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, candles and tapers exports soared to $X in 2021. Overall, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons), France (X tons) and Portugal (X tons) were the main destinations of candles and tapers exports from Italy, together comprising 47% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +13.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for candles and tapers exports from Italy, comprising 25% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.1% share of total exports. It was followed by Greece, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.1% per year) and Greece (-1.6% per year).

Export Prices by Country

In 2021, the average candles and tapers export price amounted to $X per ton, surging by 31% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Greece ($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 France (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Italy

In 2021, overseas purchases of candles and tapers were finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, 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 soared to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, 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

France (X tons), Poland (X tons) and China (X tons) were the main suppliers of candles and tapers imports to Italy, together accounting for 53% of total imports. Germany, Spain, the Netherlands, the Czech Republic, Belgium, the UK and Austria lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +176.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), China ($X) and France ($X) appeared to be the largest candles and tapers suppliers to Italy, together accounting for 50% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +166.6%, recorded 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

In 2021, the average candles and tapers import price amounted to $X per ton, rising by 6.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady 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 the Czech Republic ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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