Slovakia: Candles And Tapers Market 2025

Candles And Tapers Market Size in Slovakia

In 2021, the Slovak candles and tapers market increased by 7.8% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption showed a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Candles And Tapers Production in Slovakia

In value terms, candles and tapers production fell significantly to $X in 2021 estimated in export price. In general, production continues to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 when the production volume increased by 54%. Candles and tapers production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Candles And Tapers Exports

Exports from Slovakia

In 2021, shipments abroad of candles and tapers was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a slight increase. The pace of growth was the most pronounced in 2016 when exports increased by 119% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, candles and tapers exports surged to $X in 2021. Overall, exports posted a moderate increase. The most prominent rate of growth was recorded in 2016 when exports increased by 182% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Austria (X tons) were the main destinations of candles and tapers exports from Slovakia, with a combined 84% share of total exports. Poland, Italy, Croatia, Romania and Cyprus lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +313.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candles and tapers exported from Slovakia were the Czech Republic ($X), Hungary ($X) and Austria ($X), together accounting for 83% of total exports. Poland, Italy, Romania, Croatia and Cyprus lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Italy, with a CAGR of +345.7%, 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

In 2021, the average candles and tapers export price amounted to $X per ton, waning by -13.7% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. 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 +61.7% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 42% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Hungary ($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 Italy (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Slovakia

For the fourth consecutive year, Slovakia recorded growth in purchases abroad of candles and tapers, which increased by 13% to X tons in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, candles and tapers imports skyrocketed to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +106.0% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of 62%. Imports peaked in 2021 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 Slovakia, with a 59% share of total imports. Moreover, candles and tapers imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+18.5% per year) and Germany (+18.9% per year).

In value terms, Poland ($X) constituted the largest supplier of candles and tapers to Slovakia, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Poland stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.4% per year) and the Czech Republic (+18.9% per year).

Import Prices by Country

In 2021, the average candles and tapers import price amounted to $X per ton, picking up by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2016 an increase of 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Hungary ($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 Netherlands (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :