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Southern Asia - Candles And Tapers - Market Analysis, Forecast, Size, Trends And Insights
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Southern Asia: Candles And Tapers Market Overview 2020

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

Product coverage:
• Prodcom 32995400 - Candles, tapers and the like (including night lights fitted with a float) (excluding anti-asthmatic candles, wax matches or vestas, sulphur-treated bands, wicks and candles)

This report provides an in-depth analysis of the candles and tapers market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Afghanistan
• Bangladesh
• Bhutan
• Maldives
• Nepal
• Sri Lanka

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Southern Asia, split by region and country
• Trade (exports and imports) in Southern Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Bangladesh
• Bhutan
• India
• Maldives
• Nepal
• Pakistan
• Sri Lanka
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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