Tanzania: Candles And Tapers Market 2024

Candles And Tapers Market Size in Tanzania

The Tanzanian candles and tapers market stood at $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated perceptible growth 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Candles And Tapers Production in Tanzania

In value terms, candles and tapers production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight 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 most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Candles And Tapers Exports

Exports from Tanzania

In 2022, approx. X kg of candles and tapers were exported from Tanzania; which is down by X% compared with 2021 figures. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, candles and tapers exports shrank dramatically to $X in 2022. In general, exports saw a significant contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal (X kg) was the main destination for candles and tapers exports from Tanzania, with a X% share of total exports. Moreover, candles and tapers exports to Senegal exceeded the volume sent to the second major destination, China (X kg), twofold. The third position in this ranking was taken by Sweden (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Sweden (X% per year).

In value terms, Senegal ($X) emerged as the key foreign market for candles and tapers exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Senegal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average candles and tapers export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (X%), while the prices for the other major destinations experienced mixed trend patterns.

Candles And Tapers Imports

Imports into Tanzania

In 2022, approx. X tons of candles and tapers were imported into Tanzania; increasing by X% against 2021 figures. Overall, imports, however, recorded a sharp decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, candles and tapers imports surged to $X in 2022. Over the period under review, imports, however, faced a significant decline. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of candles and tapers to Tanzania, accounting for a X% share of total imports. Moreover, candles and tapers imports from China exceeded the figures recorded by the second-largest supplier, Kenya (X tons), twofold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and India (X% per year).

In value terms, the largest candles and tapers suppliers to Tanzania were Kenya ($X), China ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

In terms of the main suppliers, Kenya, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average candles and tapers import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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