Kuwait - Candles And Tapers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCandles and Tapers Price in Kuwait - 2021
Contents:
- Candles and Tapers Price in Kuwait (CIF) - 2021
- Candles and Tapers Price in Kuwait (FOB) - 2022
- Candles and Tapers Imports in Kuwait
- Candles and Tapers Exports in Kuwait
Candles and Tapers Price in Kuwait (CIF) - 2021
In December 2021, the average candles and tapers import price amounted to $6,136 per ton, jumping by 42% against the previous month. Overall, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in March 2021 an increase of 69% month-to-month. As a result, import price attained the peak level of $12,901 per ton. From April 2021 to December 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Canada ($11,424 per ton), while the price for Poland ($1,766 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Candles and Tapers Price in Kuwait (FOB) - 2022
The average candles and tapers export price stood at $25,804 per ton in 2022, surging by 45% against the previous year. Overall, the export price saw prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($97,500 per ton), while the average price for exports to Angola ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+52.2%), while the prices for the other major destinations experienced more modest paces of growth.
Candles and Tapers Imports in Kuwait
In 2022, after three years of growth, there was significant decline in purchases abroad of candles and tapers, when their volume decreased by -7.5% to 3K tons. The total import volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 21%.
In value terms, candles and tapers imports reduced to $11M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 39%.
Import of Candles and Tapers in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 0.4 | 1.1 | 2.2 | 3.1 | 97.9% |
United States | 1.5 | 3.4 | 5.0 | 2.8 | 23.1% |
China | 0.7 | 0.8 | 1.9 | 1.9 | 39.5% |
Turkey | N/A | N/A | 0.1 | 0.5 | 400.0% |
Poland | 0.5 | 0.6 | 1.5 | 0.5 | 0.0% |
Vietnam | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
United Arab Emirates | 3.2 | 2.3 | N/A | 0.1 | -68.5% |
Sweden | N/A | N/A | 0.1 | 0.1 | 0.0% |
Others | 0.5 | 1.3 | 2.2 | 2.1 | 61.3% |
Total | 7.0 | 9.7 | 13.1 | 11.4 | 17.7% |
Top Suppliers of Candles and Tapers to Kuwait in 2022:
- United States (808.8 tons)
- China (712.8 tons)
- Canada (671.6 tons)
- Poland (326.9 tons)
- Turkey (89.9 tons)
- Sweden (63.1 tons)
- Vietnam (62.5 tons)
- United Arab Emirates (3.1 tons)
Candles and Tapers Exports in Kuwait
In 2022, after three years of growth, there was significant decline in shipments abroad of candles and tapers, when their volume decreased by -59.2% to 179 kg. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 207% against the previous year. As a result, the exports attained the peak of 439 kg, and then dropped significantly in the following year.
In value terms, candles and tapers exports dropped rapidly to $4.6K in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 454% against the previous year. As a result, the exports reached the peak of $7.8K, and then reduced dramatically in the following year.
Export of Candles and Tapers in Kuwait (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 491 | 157 | 6,439 | 4,052 | 102.1% |
Bahrain | 67.0 | 392 | 417 | 220 | 48.6% |
Saudi Arabia | 182 | 663 | 537 | 195 | 2.3% |
Qatar | 140 | 65.0 | 159 | 90.0 | -13.7% |
Oman | 30.0 | 32.0 | 70.0 | 37.0 | 7.2% |
Lebanon | 17.0 | 31.0 | 30.0 | 14.0 | -6.3% |
France | 18.0 | 54.0 | 137 | 1.0 | -61.8% |
Others | 9.0 | 19.0 | 32.0 | 10.0 | 3.6% |
Total | 954 | 1,413 | 7,821 | 4,619 | 69.2% |
Top Export Markets for Candles and Tapers from Kuwait in 2022:
- United Arab Emirates (130.0 kg)
- Bahrain (15.0 kg)
- Qatar (15.0 kg)
- Lebanon (8.0 kg)
- Oman (3.0 kg)
- Saudi Arabia (2.0 kg)
- France (1.0 kg)
This report provides an in-depth analysis of the candles and tapers market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32995400 - Candles, tapers and the like (including night lights fitted with a float) (excluding anti-asthmatic candles, wax matches or vestas, sulphur-treated bands, wicks and candles)
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the candles and tapers market in Kuwait.
This report provides an in-depth analysis of the global candles and tapers market.
This report provides an in-depth analysis of the candles and tapers market in Kuwait.
This report provides an in-depth analysis of the global candles and tapers market.
Explore the world's best import markets for candles and tapers with key statistics and data from the IndexBox market intelligence platform. Discover the top countries driving the import value of candles and tapers.
Explore the world's best import markets for candles and tapers with key statistics and data from the IndexBox market intelligence platform. Discover the top countries driving the import value of candles and tapers.