Southern Asia: Candles And Tapers Market Overview 2020

Candles And Tapers Market Size in Southern Asia

In 2019, the South Asian candles and tapers market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2018, and then contracted in the following year.

Candles And Tapers Production in Southern Asia

In value terms, candles and tapers production declined slightly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2018, and then dropped modestly in the following year.

Production By Country in Southern Asia

The country with the largest volume of candles and tapers production was India (X tonnes), comprising approx. X% of total volume. Moreover, candles and tapers production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume in India amounted to +X%. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Nepal (+X% per year).

Candles And Tapers Exports

Exports in Southern Asia

In 2019, exports of candles and tapers in Southern Asia rose remarkably to X tonnes, increasing by X% compared with the previous year's figure. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, candles and tapers exports expanded sharply to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. The level of export peaked in 2019 and is expected to retain growth in the near future.

Exports by Country

India (X tonnes) represented roughly X% of total exports of candles and tapers in 2019.

India was also the fastest-growing in terms of the candles and tapers exports, with a CAGR of +X% from 2007 to 2019. From 2007 to 2019, the share of India increased by +X% percentage points, while 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 2019, the average annual rate of growth in terms 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 2019, stabilizing at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2014; however, from 2015 to 2019, 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 2019, the rate of growth in terms of prices for India amounted to +X% per year.

Candles And Tapers Imports

Imports in Southern Asia

In 2019, the amount of candles and tapers imported in Southern Asia surged to X tonnes, with an increase of X% compared with 2018 figures. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, candles and tapers imports stood at $X in 2019. In general, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

India dominates candles and tapers imports structure, amounting to X tonnes, which was near X% of total imports in 2019. Pakistan (X tonnes) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%) and Bangladesh (X%). Maldives (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to candles and tapers imports into India stood at +X%. At the same time, Bangladesh (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2019. By contrast, Pakistan (-X%) and Maldives (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Bangladesh (+X p.p.) and Sri Lanka (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Pakistan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, candles and tapers imports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

The candles and tapers import price in Southern Asia stood at $X per tonne in 2019, waning by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. Over the period under review, import prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Bangladesh ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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

Frequently Asked Questions (FAQ) :

What are the largest markets for candles and tapers in Southern Asia?

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The country with the largest volume of candles and tapers consumption was India (552K tonnes), comprising approx. 66% of total volume. Moreover, candles and tapers consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh (219K tonnes), threefold. Nepal (37K tonnes) ranked third in terms of total consumption with a 4.4% share.

What are the largest producers of candles and tapers in Southern Asia?

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The country with the largest volume of candles and tapers production was India (575K tonnes), accounting for 67% of total volume. Moreover, candles and tapers production in India exceeded the figures recorded by the second-largest producer, Bangladesh (219K tonnes), threefold.

What are the leading suppliers of candles and tapers in Southern Asia?

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In value terms, India ($66M) remains the largest candles and tapers supplier in Southern Asia.

What are the leading importers of candles and tapers in Southern Asia?

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In value terms, India ($5.1M) constitutes the largest market for imported candles and tapers in Southern Asia, comprising 59% of total imports. The second position in the ranking was occupied by Bangladesh ($1.1M), with a 12% share of total imports. It was followed by Pakistan, with a 12% share.

What is the average export price for candles and tapers in Southern Asia?

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In 2019, the candles and tapers export price in Southern Asia amounted to $2,531 per tonne, stabilizing at the previous year.

What is the average import price for candles and tapers in Southern Asia?

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In 2019, the candles and tapers import price in Southern Asia amounted to $2,091 per tonne, falling by -5% against the previous year.