Sweden: Candles And Tapers Market 2024

Candles And Tapers Market Size in Sweden

The Swedish candles and tapers market skyrocketed to $X in 2021, surging by 18% against the previous year. The market value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Candles And Tapers Production in Sweden

In value terms, candles and tapers production reduced to $X in 2021 estimated in export price. Overall, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Candles And Tapers Exports

Exports from Sweden

For the third consecutive year, Sweden recorded decline in overseas shipments of candles and tapers, which decreased by -7.7% to X tons in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 28% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, candles and tapers exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Denmark (X tons), Norway (X tons) and Finland (X tons) were the main destinations of candles and tapers exports from Sweden, with a combined 71% share of total exports. These countries were followed by the Netherlands, Germany and Poland, which together accounted for a further 20%.

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 +26.6%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and the Netherlands ($X) appeared to be the largest markets for candles and tapers exported from Sweden worldwide, with a combined 66% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +31.2%, recorded the highest growth rate of 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 average candles and tapers export price stood at $X per ton in 2021, rising by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. 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 the Netherlands ($X per ton), while the average price for exports to Denmark ($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 the Netherlands (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Sweden

In 2021, overseas purchases of candles and tapers were finally on the rise to reach X tons after two years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 35% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, candles and tapers imports surged to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest candles and tapers supplier to Sweden, accounting for a 41% share of total imports. Moreover, candles and tapers imports from Poland exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Estonia (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Estonia (+0.2% per year).

In value terms, Poland ($X), China ($X) and Estonia ($X) constituted the largest candles and tapers suppliers to Sweden, together comprising 60% of total imports. These countries were followed by Latvia, the Netherlands, Denmark and Germany, which together accounted for a further 28%.

In terms of the main suppliers, Latvia, with a CAGR of +16.0%, recorded the highest growth rate of the value of imports, 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, surging by 17% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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