Southern Asia - Candles And Tapers - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Southern Asia: Candles And Tapers Market Overview 2020

Candles And Tapers Market Size in Southern Asia

The revenue of the candles and tapers market in Southern Asia amounted to $X in 2018, lowering by -X% against the previous year. In general, candles and tapers consumption, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The level of candles and tapers consumption peaked at $X in 2017, and then declined slightly in the following year.

Candles And Tapers Production in Southern Asia

In value terms, candles and tapers production stood at $X in 2018 estimated in export prices. In general, candles and tapers production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. The level of candles and tapers production peaked at $X in 2017, and then declined slightly in the following year.

Production By Country in Southern Asia

India (X tonnes) remains the largest candles and tapers producing country in Southern Asia, comprising approx. X% of total production. Moreover, candles and tapers production in India exceeded the figures recorded by the region's second-largest producer, Bangladesh (X tonnes), threefold. The third position in this ranking was occupied by Afghanistan (X tonnes), with a X% share.

In India, candles and tapers production expanded at an average annual rate of +X% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (+X% per year) and Afghanistan (+X% per year).

Candles And Tapers Exports

Exports in Southern Asia

The exports totaled X tonnes in 2018, shrinking by -X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, candles and tapers exports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, candles and tapers exports totaled $X in 2018. The total export value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, candles and tapers exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, India (X tonnes) represented the main exporters of candles and tapers in Southern Asia, committing X% of total export.

India was also the fastest-growing in terms of the candles and tapers exports, with a CAGR of +X% from 2007 to 2018. While the share of India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest candles and tapers supplier in Southern Asia.

From 2007 to 2018, the average annual growth rate of value in India totaled +X%.

Export Prices by Country

The candles and tapers export price in Southern Asia stood at $X per tonne in 2018, jumping by X% against the previous year. In general, the candles and tapers export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, the export prices for candles and tapers attained their peak figure at $X per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2018, the rate of growth in terms of prices for India amounted to +X% per year.

Candles And Tapers Imports

Imports in Southern Asia

In 2018, approx. X tonnes of candles and tapers were imported in Southern Asia; waning by -X% against the previous year. Overall, candles and tapers imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, candles and tapers imports reached their maximum at X tonnes in 2017, and then declined slightly in the following year.

In value terms, candles and tapers imports stood at $X in 2018. Overall, candles and tapers imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The level of imports peaked at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

India dominates candles and tapers imports structure, accounting for X tonnes, which was approx. X% of total imports in 2018. Pakistan (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Bangladesh (X%). Maldives (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to candles and tapers imports into India stood at +X%. At the same time, Bangladesh (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer in Southern Asia, with a CAGR of +X% from 2007-2018. By contrast, Maldives (-X%) and Pakistan (-X%) illustrated a downward trend over the same period. India (+X p.p.) and Bangladesh (+X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported candles and tapers in Southern Asia, comprising X% of total candles and tapers imports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

In India, candles and tapers imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Maldives (-X% per year).

Import Prices by Country

In 2018, the candles and tapers import price in Southern Asia amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the candles and tapers import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. Over the period under review, the import prices for candles and tapers reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Bangladesh ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform