Russian Federation: Candles And Tapers Market 2024

Candles And Tapers Market Size in the Russian Federation

The Russian candles and tapers market shrank to $X in 2021, falling by -5.9% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 +8.0% against 2019 indices. Candles and tapers consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Candles And Tapers Production in the Russian Federation

In value terms, candles and tapers production reduced to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +8.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Candles And Tapers Exports

Exports from the Russian Federation

In 2021, overseas shipments of candles and tapers increased by 29% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 84% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, candles and tapers exports surged to $X in 2021. Overall, exports posted resilient growth. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons), Ukraine (X tons) and Belarus (X tons) were the main destinations of candles and tapers exports from Russia, with a combined 77% share of total exports. These countries were followed by the Netherlands, Lithuania, Latvia, Estonia, Uzbekistan and Sweden, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +165.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candles and tapers exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), with a combined 71% share of total exports. These countries were followed by the Netherlands, Lithuania, Latvia, Estonia, Uzbekistan and Sweden, which together accounted for a further 20%.

The Netherlands, with a CAGR of +174.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average candles and tapers export price stood at $X per ton in 2021, picking up by 35% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, candles and tapers export price increased by +78.0% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Ukraine ($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 Lithuania (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into the Russian Federation

In 2021, overseas purchases of candles and tapers were finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers imports soared to $X in 2021. In general, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of candles and tapers imports to Russia, together comprising 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +7.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest candles and tapers suppliers to Russia were China ($X), Poland ($X) and Vietnam ($X), together comprising 80% of total imports.

Vietnam, with a CAGR of +9.4%, saw the highest growth rate of 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, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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