Portugal: Candles And Tapers Market 2025

Candles And Tapers Market Size in Portugal

The Portuguese candles and tapers market rose significantly to $X in 2021, picking up by 7.4% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.2% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Candles And Tapers Production in Portugal

In value terms, candles and tapers production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 38%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Candles And Tapers Exports

Exports from Portugal

After two years of decline, shipments abroad of candles and tapers increased by 23% to X tons in 2021. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 36%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, candles and tapers exports surged to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for candles and tapers exports from Portugal, with a 70% share of total exports. Moreover, candles and tapers exports to Germany exceeded the volume sent to the second major destination, Denmark (X tons), eightfold. The third position in this ranking was held by Spain (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+0.0% per year) and Spain (+3.9% per year).

In value terms, Germany ($X) remains the key foreign market for candles and tapers exports from Portugal, comprising 58% of total exports. The second position in the ranking was taken by Denmark ($X), with an 8.8% share of total exports. It was followed by Spain, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+2.1% per year) and Spain (+13.9% per year).

Export Prices by Country

In 2021, the average candles and tapers export price amounted to $X per ton, rising by 15% against the previous year. Overall, the export price showed a modest increase. 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 export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Portugal

In 2021, purchases abroad of candles and tapers was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, candles and tapers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; 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

Italy (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of candles and tapers imports to Portugal, together accounting for 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +12.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candles and tapers suppliers to Portugal were Spain ($X), Poland ($X) and Italy ($X), together comprising 66% of total imports.

Among the main suppliers, Italy, with a CAGR of +10.4%, saw the highest growth rate of 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, with an increase of 14% against the previous year. Overall, the import price showed 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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