Middle East: Candles And Tapers Market 2024

Candles And Tapers Market Size in the Middle East

After three years of growth, the Middle Eastern candles and tapers market decreased by X% to $X in 2022. In general, consumption, however, saw a prominent increase. Over the period under review, the market attained the peak level at $X in 2021, and then fell modestly in the following year.

Candles And Tapers Production in the Middle East

In value terms, candles and tapers production totaled $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Candles And Tapers Exports

Exports in the Middle East

Candles and tapers exports surged to X tons in 2022, picking up by X% compared with the previous year. In general, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, candles and tapers exports soared to $X in 2022. Overall, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the largest exporter of candles and tapers, generating X% of total exports. It was distantly followed by Israel (X tons) and Turkey (X tons), together generating a X% share of total exports. Iran (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to candles and tapers exports from the United Arab Emirates stood at X%. At the same time, Iran (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates and Iran increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest candles and tapers supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports. It was followed by Israel, with a X% share.

In the United Arab Emirates, candles and tapers exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($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 Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Candles And Tapers Imports

Imports in the Middle East

Candles and tapers imports rose modestly to X tons in 2022, with an increase of X% against 2021 figures. Total imports indicated strong growth from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, candles and tapers imports skyrocketed to $X in 2022. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons), Saudi Arabia (X tons) and Israel (X tons) represented the key importer of candles and tapers in the Middle East, comprising X% of total import. Kuwait (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%) and Turkey (X%). Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Kuwait, Iraq, Turkey and Oman lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Iraq ($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 Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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