Kenya: Candles And Tapers Market 2024

Candles And Tapers Market Size in Kenya

The Kenyan candles and tapers market dropped to $X in 2021, waning by -7.4% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +6.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.

Candles And Tapers Production in Kenya

In value terms, candles and tapers production fell to $X in 2021 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Candles And Tapers Exports

Exports from Kenya

In 2021, candles and tapers exports from Kenya dropped rapidly to X tons, reducing by -46.9% compared with the previous year's figure. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 259%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, candles and tapers exports declined significantly to $X in 2021. Over the period under review, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2013 with an increase of 299%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons), Uganda (X tons) and Tanzania (X tons) were the main destinations of candles and tapers exports from Kenya, together comprising 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Uganda (with a CAGR of +5.9%), while shipments for the other leaders experienced a decline.

In value terms, Sudan ($X) remains the key foreign market for candles and tapers exports from Kenya, comprising 43% of total exports. The second position in the ranking was held by Uganda ($X), with an 18% share of total exports. It was followed by Democratic Republic of the Congo, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Sudan totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-1.6% per year) and Democratic Republic of the Congo (-21.9% per year).

Export Prices by Country

In 2021, the average candles and tapers export price amounted to $X per ton, declining by -5.2% against the previous year. In general, the export price saw a pronounced reduction. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Sudan (+23.4%), while the prices for the other major destinations experienced mixed trend patterns.

Candles And Tapers Imports

Imports into Kenya

In 2021, approx. X tons of candles and tapers were imported into Kenya; which is down by -64.4% against the previous year's figure. In general, imports showed a precipitous setback. The growth pace was the most rapid in 2018 when imports increased by 1,508% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, candles and tapers imports declined notably to $X in 2021. Over the period under review, imports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2018 when imports increased by 1,043%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest candles and tapers supplier to Kenya, with a 78% share of total imports. Moreover, candles and tapers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-20.8% per year) and the United Arab Emirates (-34.2% per year).

In value terms, China ($X) constituted the largest supplier of candles and tapers to Kenya, comprising 80% of total imports. The second position in the ranking was taken by India ($X), with a 5% share of total imports. It was followed by South Africa, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-20.2% per year) and South Africa (-31.8% per year).

Import Prices by Country

The average candles and tapers import price stood at $X per ton in 2021, growing by 37% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, candles and tapers import price increased by +56.8% against 2019 indices. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 UK ($X per ton), while the price for the United Arab Emirates ($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 UK (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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