Report Update Apr 1, 2024

Hong Kong SAR, China - Candles and Tapers - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Candles And Tapers Market 2024

Candles And Tapers Market Size in Hong Kong SAR, China

In 2022, the Hong Kong candles and tapers market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Candles And Tapers Production in Hong Kong SAR, China

In value terms, candles and tapers production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The growth pace was the most rapid in 2015 when the production volume increased by X%. Candles and tapers production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Candles And Tapers Exports

Exports from Hong Kong SAR, China

In 2022, candles and tapers exports from Hong Kong SAR contracted significantly to X tons, declining by X% against the previous year. Overall, exports recorded a precipitous contraction. The smallest decline of X% was in 2017. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, candles and tapers exports dropped sharply to $X in 2022. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Congo (X tons), China (X tons) and the United States (X tons) were the main destinations of candles and tapers exports from Hong Kong SAR, with a combined X% share of total exports. Australia, Macao SAR, the UK, Canada, France and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for candles and tapers exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Congo (X% per year).

Export Prices by Country

In 2022, the average candles and tapers export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Congo ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Candles And Tapers Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of candles and tapers increased by X% to X tons, rising for the second year in a row after eight years of decline. Over the period under review, imports saw a prominent increase. 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 $X in 2022. Overall, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main candles and tapers supplier to Hong Kong SAR, accounting for a X% share of total imports. It was followed by Macao SAR (X kg), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of candles and tapers to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Macao SAR ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

The average candles and tapers import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, showed a measured increase. The pace of growth appeared the most rapid in 2016 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Macao SAR ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candles and tapers in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, with a combined 45% share of global consumption. Russia, Indonesia, Brazil, Germany, Bangladesh, Mexico, the Philippines and France lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of candles and tapers in the world?

The countries with the highest volumes of production in 2022 were China, the United States and India, with a combined 46% share of global production. Poland, Russia, Brazil, Indonesia, Mexico, Vietnam, Bangladesh, the Philippines and Canada lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of candles and tapers to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of candles and tapers to Hong Kong SAR, comprising 90% of total imports. The second position in the ranking was taken by Macao SAR, with less than 0.1% share of total imports.

What are the leading importers of candles and tapers from Hong Kong SAR, China?

In value terms, China remains the key foreign market for candles and tapers exports from Hong Kong SAR, comprising 73% of total exports. The second position in the ranking was held by the United States, with an 8.6% share of total exports. It was followed by Congo, with a 4.4% share.

What is the average export price for candles and tapers in Hong Kong SAR, China?

In 2022, the average candles and tapers export price amounted to $13,612 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for candles and tapers in Hong Kong SAR, China?

The average candles and tapers import price stood at $3,738 per ton in 2022, reducing by -55.1% against the previous year.

This report provides an in-depth analysis of the candles and tapers market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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