New Zealand: Candles And Tapers Market 2024

Candles And Tapers Market Size in New Zealand

The New Zealand candles and tapers market was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded 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 Exports

Exports from New Zealand

In 2021, shipments abroad of candles and tapers increased by 23% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 262% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, candles and tapers exports surged to $X in 2021. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 124% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for candles and tapers exports from New Zealand, with a 70% share of total exports. Moreover, candles and tapers exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+17.7% per year) and Taiwan (Chinese) (+163.6% per year).

In value terms, Australia ($X) remains the key foreign market for candles and tapers exports from New Zealand, comprising 70% of total exports. The second position in the ranking was held by Cook Islands ($X), with a 5% share of total exports. It was followed by Taiwan (Chinese), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+15.6% per year) and Taiwan (Chinese) (+151.2% per year).

Export Prices by Country

In 2021, the average candles and tapers export price amounted to $X per ton, surging by 32% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($X per ton) and Cook Islands ($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 Sweden (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into New Zealand

In 2021, supplies from abroad of candles and tapers was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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.

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 +7.0% over the last nine-year period. 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

China (X tons), Australia (X tons) and France (X tons) were the main suppliers of candles and tapers imports to New Zealand, together comprising 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +38.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and France ($X) constituted the largest candles and tapers suppliers to New Zealand, with a combined 86% share of total imports.

France, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, growing by 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 19% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and the United States ($X per ton), while the price for 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 attained by Canada (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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