Colombia: Candles And Tapers Market 2024

Candles And Tapers Market Size in Colombia

The Colombian candles and tapers market rose to $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a resilient increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Candles And Tapers Production in Colombia

In value terms, candles and tapers production amounted to $X in 2022 estimated in export price. Overall, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Candles And Tapers Exports

Exports from Colombia

Candles and tapers exports from Colombia soared to X tons in 2022, increasing by X% compared with 2021. Over the period under review, exports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, candles and tapers exports skyrocketed to $X in 2022. In general, exports enjoyed temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Aruba (X tons) was the main destination for candles and tapers exports from Colombia, with a X% share of total exports. Moreover, candles and tapers exports to Aruba exceeded the volume sent to the second major destination, Panama (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Aruba totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the United States (X% per year).

In value terms, Aruba ($X), Panama ($X) and Costa Rica ($X) were the largest markets for candles and tapers exported from Colombia worldwide, with a combined X% share of total exports. Peru, the United States, Guatemala, Ecuador and Venezuela lagged somewhat behind, together comprising a further X%.

Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average candles and tapers export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candles and tapers export price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Guatemala ($X 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 Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Colombia

In 2022, purchases abroad of candles and tapers increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, candles and tapers imports soared to $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest candles and tapers supplier to Colombia, accounting for a X% share of total imports. Moreover, candles and tapers imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), tenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of candles and tapers to Colombia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average candles and tapers import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candles and tapers import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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