SADC: Candles And Tapers Market 2024

Candles And Tapers Market Size in SADC

The SADC candles and tapers market rose to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Candles And Tapers Production in SADC

In value terms, candles and tapers production rose to $X in 2022 estimated in export price. The total production indicated a temperate 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 increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Candles And Tapers Exports

Exports in SADC

Candles and tapers exports surged to X tons in 2022, picking up by X% against 2021 figures. In general, exports, however, recorded a deep contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, candles and tapers exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) represented the largest exporter of candles and tapers, generating X% of total exports. Zambia (X tons) held the second position in the ranking, distantly followed by Lesotho (X tons). All these countries together held near X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Lesotho (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Zambia experienced a relatively flat trend pattern. Lesotho (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest candles and tapers supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Lesotho (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the export price figures.

Candles And Tapers Imports

Imports in SADC

In 2022, after two years of decline, there was growth in supplies from abroad of candles and tapers, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, candles and tapers imports rose slightly to $X in 2022. In general, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Angola (X tons) and South Africa (X tons) represented the largest importers of candles and tapers in 2022, recording approx. X% and X% of total imports, respectively. Botswana (X tons) took the next position in the ranking, followed by Madagascar (X tons). All these countries together took approx. X% share of total imports. Democratic Republic of the Congo (X tons), Swaziland (X tons) and Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest candles and tapers importing markets in SADC were South Africa ($X), Angola ($X) and Botswana ($X), together comprising X% of total imports.

South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped modestly in the following year.

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 Namibia ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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