Report Update Nov 1, 2024

Puerto Rico - Candles and Tapers - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Candles And Tapers Market 2024

Candles And Tapers Market Size in Puerto Rico

The Puerto Rican candles and tapers market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Candles And Tapers Production in Puerto Rico

In value terms, candles and tapers production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 25%. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Candles And Tapers Exports

Exports from Puerto Rico

In 2021, exports of candles and tapers from Puerto Rico totaled less than X kg, flattening at the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, candles and tapers exports amounted to less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

Poland (X tons) and China (X tons) represented roughly 48% of total exports in 2021. It was distantly followed by Vietnam (X tons), the Netherlands (X tons) and Germany (X tons), together comprising an 18% share of total exports. The United States (X tons), Belgium (X tons), Mexico (X tons), Canada (X tons), the Czech Republic (X tons), India (X tons), Hungary (X tons) and Italy (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +27.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest candles and tapers supplying countries from Puerto Rico were China ($X), Poland ($X) and Vietnam ($X), with a combined 46% share of total exports. These countries were followed by the United States, the Netherlands, Germany, Canada, the Czech Republic, Belgium, India, Italy, Mexico and Hungary, which together accounted for a further 35%.

Among the main exporting countries, the Czech Republic, with a CAGR of +36.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the other leaders experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Puerto Rico

Candles and tapers imports into Puerto Rico totaled less than X kg in 2021, standing approx. at 2020 figures. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, candles and tapers imports amounted to less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons), the UK (X tons) and the Netherlands (X tons) were the main importers of candles and tapers, together committing 52% of total imports. Belgium (X tons), Canada (X tons), France (X tons), Austria (X tons), Sweden (X tons), Italy (X tons), Poland (X tons), the Czech Republic (X tons) and Romania (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported candles and tapers into Puerto Rico, comprising 24% of global imports. The second position in the ranking was held by Germany ($X), with a 12% share of global imports. It was followed by the UK, with a 10% share.

In the United States, candles and tapers imports increased at an average annual rate of +10.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and the UK (+9.1% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. Overall, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Romania ($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 Czech Republic (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candles and tapers in the world?

The country with the largest volume of candles and tapers consumption was China, comprising approx. 27% of total volume. Moreover, candles and tapers consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 9.8% share.

What are the largest producers of candles and tapers in the world?

China remains the largest candles and tapers producing country worldwide, comprising approx. 31% of total volume. Moreover, candles and tapers production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Poland, with a 6.7% share.

What are the leading suppliers of candles and tapers to Puerto Rico?

In value terms, the largest candles and tapers importing markets into Puerto Rico were the United States, Germany and the UK, with a combined 44% share of total imports. These countries were followed by the Netherlands, France, Canada, Belgium, Austria, Sweden, the Czech Republic, Poland, Italy and Romania, which together accounted for a further 29%.

What are the leading importers of candles and tapers from Puerto Rico?

In value terms, China, Poland and Vietnam were the countries with the highest levels of exports in 2020, with a combined 47% share of total exports. These countries were followed by the Netherlands, the United States, Canada, Germany, the Czech Republic, Belgium and Mexico, which together accounted for a further 32%.

What is the average export price for candles and tapers in Puerto Rico?

In 2020, the candles and tapers export price in Puerto Rico amounted to $less than 0.1 per ton, standing approx. at the previous year.

What is the average import price for candles and tapers in Puerto Rico?

The candles and tapers import price in Puerto Rico stood at $less than 0.1 per ton in 2020, remaining stable against the previous year.

This report provides an in-depth analysis of the candles and tapers market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32995400 - Candles, tapers and the like (including night lights fitted with a float) (excluding anti-asthmatic candles, wax matches or vestas, sulphur-treated bands, wicks and candles)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023