Report Update: Apr 1, 2024

Ukraine - Candles And Tapers - Market Analysis, Forecast, Size, Trends And Insights

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Candles and Tapers Price in Ukraine - 2023

Candles and Tapers Price in Ukraine (CIF) - 2023

The average candles and tapers import price stood at $2,985 per ton in July 2023, increasing by 6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in October 2022 an increase of 17% m-o-m. Over the period under review, average import prices reached the maximum at $3,537 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($8,020 per ton), while the price for Poland ($2,827 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Candles and Tapers Price in Ukraine (FOB) - 2023

The average candles and tapers export price stood at $3,181 per ton in July 2023, with an increase of 3.6% against the previous month. Overall, the export price, however, showed a mild downturn. The pace of growth was the most pronounced in August 2022 when the average export price increased by 12% month-to-month. As a result, the export price attained the peak level of $4,089 per ton. From September 2022 to July 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($12,988 per ton), while the average price for exports to the United States ($895 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 Germany (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Candles and Tapers Imports in Ukraine

In 2022, imports of candles and tapers into Ukraine surged to 6.4K tons, rising by 33% compared with the previous year. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2019 indices. 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 $20M in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Candles and Tapers in Ukraine (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	5.1	5.9	8.4	13.9	39.7%
China	1.1	1.5	2.2	3.7	49.8%
Russia	0.5	0.2	0.4	0.6	6.3%
Others	0.6	0.6	1.0	1.6	38.7%
Total	7.3	8.2	12.0	19.9	39.7%

Top Suppliers of Candles and Tapers to Ukraine in 2022:

Poland (5.0K tons)
China (0.8K tons)
Russia (0.4K tons)

Candles and Tapers Exports in Ukraine

In 2022, approx. 2K tons of candles and tapers were exported from Ukraine; declining by -22.6% on 2021 figures. Over the period under review, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 2.5K tons, and then fell significantly in the following year.

In value terms, candles and tapers exports rose notably to $7.1M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Candles and Tapers in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,644	1,943	2,549	2,755	18.8%
Switzerland	1,072	859	1,504	1,626	14.9%
Netherlands	891	864	1,200	1,298	13.4%
Denmark	221	381	474	512	32.3%
Belgium	368	270	255	312	-5.4%
Poland	144	141	156	168	5.3%
Others	264	242	414	438	18.4%
Total	4,605	4,699	6,551	7,109	15.6%

Top Export Markets for Candles and Tapers from Ukraine in 2022:

Germany (722.3 tons)
Switzerland (464.5 tons)
Netherlands (383.0 tons)
Denmark (186.3 tons)
Belgium (79.6 tons)
Poland (31.6 tons)

Source: IndexBox Market Intelligence Platform

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

Ukraine

Data coverage:

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