Northern America: Candles And Tapers Market 2022

Candles And Tapers Market Size in Northern America

The North American candles and tapers market was finally on the rise to reach $X in 2020, after four years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Candles And Tapers Production in Northern America

In value terms, candles and tapers production contracted to $X in 2020 estimated in export prices. The total production indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. The level of production peaked at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Production By Country in Northern America

The country with the largest volume of candles and tapers production was the United States (X tons), comprising approx. X% of total volume. Moreover, candles and tapers production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume in the United States was relatively modest.

Candles And Tapers Exports

Exports in Northern America

After four years of decline, overseas shipments of candles and tapers increased by X% to X tons in 2020. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. The volume of export peaked at X tons in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, candles and tapers exports skyrocketed to $X in 2020. Total exports indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2016 to 2020, the growth exports failed to regain the momentum.

Exports by Country

The biggest shipments were from Canada (X tons) and the United States (X tons), together recording X% of total export.

From 2007 to 2020, the biggest increases were in the United States.

In value terms, the largest candles and tapers supplying countries in Northern America were the United States ($X) and Canada ($X terms of the main exporting countries, the United States saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2020, the candles and tapers export price in Northern America amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States.

Candles And Tapers Imports

Imports in Northern America

In 2020, purchases abroad of candles and tapers increased by X% to X tons, rising for the fifth year in a row after two years of decline. Total imports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 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 $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importer of candles and tapers in Northern America, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2020. It was distantly followed by Canada (X tons), comprising a X% share of total imports.

The United States was also the fastest-growing in terms of the candles and tapers imports, with a CAGR of +X% from 2007 to 2020. Canada (-X%) illustrated a downward trend over the same period. The United States (+X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the United States ($X) constitutes the largest market for imported candles and tapers in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in the United States totaled +X%.

Import Prices by Country

The candles and tapers import price in Northern America stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform