Romania: Candles And Tapers Market 2024

Candles And Tapers Market Size in Romania

In 2021, the Romanian candles and tapers market increased by 30% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption enjoyed a prominent increase. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the immediate term.

Candles And Tapers Production in Romania

In value terms, candles and tapers production rose to $X in 2021 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when the production volume increased by 194%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Candles And Tapers Exports

Exports from Romania

For the third year in a row, Romania recorded growth in shipments abroad of candles and tapers, which increased by 1,239% to X tons in 2021. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers exports surged to $X in 2021. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for candles and tapers exports from Romania, accounting for a 86% share of total exports. Moreover, candles and tapers exports to Belgium exceeded the volume sent to the second major destination, Bulgaria (X tons), more than tenfold. Moldova (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled +2,313.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-2.4% per year) and Moldova (+18.3% per year).

In value terms, Belgium ($X) emerged as the key foreign market for candles and tapers exports from Romania, comprising 85% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.5% share of total exports. It was followed by Bulgaria, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +3,131.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+120.4% per year) and Bulgaria (-8.3% per year).

Export Prices by Country

In 2021, the average candles and tapers export price amounted to $X per ton, picking up by 91% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 114%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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 Arab Emirates ($X per ton), while the average price for exports to Moldova ($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 Belgium (+34.1%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Romania

For the tenth year in a row, Romania recorded growth in overseas purchases of candles and tapers, which increased by 21% to X tons in 2021. Overall, imports recorded strong growth. The growth pace was the most rapid in 2018 when imports increased by 39% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, candles and tapers imports soared to $X in 2021. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest candles and tapers supplier to Romania, with a 74% share of total imports. Moreover, candles and tapers imports from Poland exceeded the figures recorded by the second-largest supplier, Hungary (X tons), eightfold. The third position in this ranking was held by Italy (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+43.1% per year) and Italy (+7.6% per year).

In value terms, Poland ($X) constituted the largest supplier of candles and tapers to Romania, comprising 70% of total imports. The second position in the ranking was taken by Hungary ($X), with an 8.8% share of total imports. It was followed by Italy, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+40.0% per year) and Italy (+5.6% per year).

Import Prices by Country

The average candles and tapers import price stood at $X per ton in 2021, surging by 20% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Hungary ($X per ton) and Poland ($X per ton), while the price for Germany ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :