Kenya: Candles And Tapers Market 2024

Candles And Tapers Market Size in Kenya

The Kenyan candles and tapers market totaled $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Candles And Tapers Production in Kenya

In value terms, candles and tapers production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Candles And Tapers Exports

Exports from Kenya

In 2022, the amount of candles and tapers exported from Kenya soared to X tons, with an increase of X% against the year before. In general, exports, however, recorded a abrupt decrease. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, candles and tapers exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X tons), Tanzania (X tons) and Uganda (X tons) were the main destinations of candles and tapers exports from Kenya, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Mauritania ($X) and Uganda ($X) appeared to be the largest markets for candles and tapers exported from Kenya worldwide, together accounting for X% of total exports.

Mauritania, with a CAGR of X%, recorded the highest growth rate of 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

The average candles and tapers export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Candles And Tapers Imports

Imports into Kenya

In 2022, supplies from abroad of candles and tapers decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a sharp contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, candles and tapers imports plummeted to $X in 2022. Over the period under review, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of candles and tapers to Kenya, accounting for a X% share of total imports. Moreover, candles and tapers imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. India (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: Italy (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of candles and tapers to Kenya, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the UK, 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: India (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average candles and tapers import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a measured 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 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 South Africa ($X per ton), while the price for the United Arab Emirates ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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