Venezuela: Candles And Tapers Market 2025

Candles And Tapers Market Size in Venezuela

In 2021, the Venezuelan candles and tapers market increased by 61% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption, however, recorded a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Candles And Tapers Exports

Exports from Venezuela

In 2021, the amount of candles and tapers exported from Venezuela skyrocketed to X tons, increasing by 135% compared with the previous year. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 285%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, candles and tapers exports surged to $X in 2021. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 189% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for candles and tapers exports from Venezuela, with a 70% share of total exports. Moreover, candles and tapers exports to Colombia exceeded the volume sent to the second major destination, the United States (X tons), threefold. Peru (X kg) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at +175.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.5% per year) and Peru (+98.4% per year).

In value terms, Colombia ($X) remains the key foreign market for candles and tapers exports from Venezuela, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 22% share of total exports. It was followed by Panama, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia stood at +112.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.3% per year) and Panama (+149.9% per year).

Export Prices by Country

The average candles and tapers export price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Colombia ($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 Panama (+37.4%), while the prices for the other major destinations experienced a decline.

Candles And Tapers Imports

Imports into Venezuela

In 2021, supplies from abroad of candles and tapers increased by 115% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of 289%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, candles and tapers imports surged to $X in 2021. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 267%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of candles and tapers to Venezuela, with a 18% share of total imports. Moreover, candles and tapers imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. The third position in this ranking was taken by Suriname (X tons), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled +124.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+50.4% per year) and Suriname (+18.6% per year).

In value terms, Indonesia ($X), China ($X) and Panama ($X) were the largest candles and tapers suppliers to Venezuela, with a combined 27% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of +82.1%, recorded the highest rates of growth with regard to 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, falling by -36.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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