Scandinavia: Candles And Tapers Market 2024

Candles And Tapers Market Size in Scandinavia

The Scandinavia candles and tapers market soared to $X in 2021, surging by 20% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Candles And Tapers Production in Scandinavia

In value terms, candles and tapers production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 11%. Over the period under review, production attained the peak level in 2021 and is likely to continue growth in the immediate term.

Candles And Tapers Exports

Exports in Scandinavia

In 2021, overseas shipments of candles and tapers increased by 3.5% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 11% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, candles and tapers exports skyrocketed to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.0% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) and Denmark (X tons) prevails in exports structure, together making up 96% of total exports. Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Denmark (with a CAGR of +2.9%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest candles and tapers supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), together accounting for 100% of total exports.

Denmark, with a CAGR of +4.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, jumping by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.9%), while the other leaders experienced more modest paces of growth.

Candles And Tapers Imports

Imports in Scandinavia

In 2021, after six years of decline, there was significant growth in overseas purchases of candles and tapers, when their volume increased by 9.2% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 12%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, candles and tapers imports soared to $X in 2021. Overall, imports, however, continue to indicate a mild slump. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) represented the main importer of candles and tapers, making up 40% of total imports. It was distantly followed by Norway (X tons), Denmark (X tons) and Finland (X tons), together committing a 59% share of total imports. Iceland (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +8.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Denmark ($X) were the countries with the highest levels of imports in 2021, with a combined 85% share of total imports. Finland and Iceland lagged somewhat behind, together accounting for a further 15%.

Iceland, with a CAGR of +8.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 15% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iceland ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform