United Arab Emirates: Candles And Tapers Market 2024

Candles And Tapers Market Size in the United Arab Emirates

The candles and tapers market in the United Arab Emirates skyrocketed to $X in 2021, rising by 65% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Candles And Tapers Exports

Exports from the United Arab Emirates

In 2021, the amount of candles and tapers exported from the United Arab Emirates soared to X tons, growing by 81% on the previous year's figure. Overall, exports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 118% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, candles and tapers exports skyrocketed to $X in 2021. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2017 with an increase of 223%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Oman (X tons) was the main destination for candles and tapers exports from the United Arab Emirates, with a 73% share of total exports. Moreover, candles and tapers exports to Oman exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+353.8% per year) and France (+84.0% per year).

In value terms, Oman ($X) remains the key foreign market for candles and tapers exports from the United Arab Emirates, comprising 82% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.6% share of total exports. It was followed by Maldives, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+542.1% per year) and Maldives (-1.8% per year).

Export Prices by Country

In 2021, the average candles and tapers export price amounted to $X per ton, declining by -4.6% against the previous year. Overall, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 99%. As a result, the export price reached the peak level of $X per ton, and then dropped slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($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 Angola (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into the United Arab Emirates

Candles and tapers imports into the United Arab Emirates surged to X tons in 2021, increasing by 40% against the previous year's figure. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers imports skyrocketed to $X in 2021. Overall, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Poland (X tons) were the main suppliers of candles and tapers imports to the United Arab Emirates, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +30.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candles and tapers suppliers to the United Arab Emirates were the United States ($X), China ($X) and Poland ($X), together accounting for 60% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +26.2%, 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, picking up by 26% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.2% 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 import price increased by +35.2% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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