Report Update: May 1, 2024

South Africa - Candles And Tapers - Market Analysis, Forecast, Size, Trends And Insights

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Candles and Tapers Price in South Africa - 2023

Candles and Tapers Price in South Africa (CIF) - 2022

In 2022, the average candles and tapers import price amounted to $4,077 per ton, with an increase of 56% against the previous year. Over the period under review, the import price recorded a prominent expansion. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was the United States ($9,794 per ton), while the price for Lesotho ($2,043 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Candles and Tapers Price in South Africa (FOB) - 2023

In July 2023, the average candles and tapers export price amounted to $3,129 per ton, which is down by -55.3% against the previous month. In general, the export price, however, posted perceptible growth. The most prominent rate of growth was recorded in June 2023 an increase of 167% against the previous month. As a result, the export price reached the peak level of $6,999 per ton, and then contracted sharply in the following month.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Swaziland ($6,580 per ton), while the average price for exports to Namibia ($2,098 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Candles and Tapers Imports in South Africa

In 2022, approx. 1.2K tons of candles and tapers were imported into South Africa; waning by -63.7% compared with the previous year's figure. In general, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 7.1% against the previous year.

In value terms, candles and tapers imports declined dramatically to $4.8M in 2022. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of $8.5M, and then fell significantly in the following year.

Import of Candles and Tapers in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lesotho	720	824	1,058	1,527	28.5%
Czech Republic	351	436	1,069	1,435	59.9%
India	196	102	109	837	62.2%
Vietnam	117	155	169	296	36.3%
United States	175	193	283	226	8.9%
China	4,677	3,718	4,979	9.2	-87.5%
Others	980	674	873	502	-20.0%
Total	7,216	6,102	8,541	4,833	-12.5%

Top Suppliers of Candles and Tapers to South Africa in 2022:

Lesotho (747.4 tons)
Czech Republic (168.7 tons)
India (139.1 tons)
Vietnam (63.7 tons)
United States (23.1 tons)
China (4.4 tons)

Candles and Tapers Exports in South Africa

In 2022, exports of candles and tapers from South Africa surged to 5.6K tons, rising by 41% on the year before. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers exports skyrocketed to $12M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Candles and Tapers in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Zimbabwe	1.8	1.9	2.0	3.4	23.6%
Botswana	1.7	2.7	1.8	2.1	7.3%
Namibia	1.6	0.7	1.2	1.9	5.9%
Swaziland	1.5	1.3	1.4	1.8	6.3%
Lesotho	0.4	0.5	0.5	0.7	20.5%
Malawi	N/A	N/A	N/A	0.5	0%
Democratic Republic of the Congo	0.5	0.5	0.3	0.3	-15.7%
Angola	1.0	0.2	0.2	N/A	-55.3%
Others	1.0	1.2	1.0	1.2	6.3%
Total	9.6	9.1	8.3	11.9	7.4%

Top Export Markets for Candles and Tapers from South Africa in 2022:

Zimbabwe (2324.1 tons)
Namibia (941.8 tons)
Botswana (798.2 tons)
Swaziland (610.9 tons)
Lesotho (298.7 tons)
Malawi (277.9 tons)
Democratic Republic of the Congo (125.6 tons)
Angola (8.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the candles and tapers market in South Africa. 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:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023