Africa: Candles And Tapers Market 2024

Candles And Tapers Market Size in Africa

The African candles and tapers market rose to $X in 2022, picking up by X% against the previous year. The total consumption indicated notable 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 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Candles And Tapers Production in Africa

In value terms, candles and tapers production rose slightly to $X in 2022 estimated in export price. The total production indicated a resilient 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 growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Candles And Tapers Exports

Exports in Africa

In 2022, overseas shipments of candles and tapers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt decline. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, candles and tapers exports surged to $X in 2022. Overall, exports, however, showed a pronounced descent. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa represented the major exporting country with an export of about X tons, which reached X% of total exports. Zambia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%) and Lesotho (X%). The following exporters - Rwanda (X tons) and Morocco (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to candles and tapers exports from South Africa stood at X%. At the same time, Lesotho (X%), Rwanda (X%), Morocco (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Zambia experienced a relatively flat trend pattern. While the share of Lesotho (X p.p.), Zambia (X p.p.), Tunisia (X p.p.) and Rwanda (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, candles and tapers exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Zambia ($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 more modest paces of growth.

Candles And Tapers Imports

Imports in Africa

In 2022, supplies from abroad of candles and tapers was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. 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 expanded slightly to $X in 2022. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons), Angola (X tons) and South Africa (X tons) was the key importer of candles and tapers in Africa, constituting X% of total import. Ghana (X tons), Congo (X tons), Gambia (X tons), Benin (X tons), Botswana (X tons), Madagascar (X tons), Cameroon (X tons), Togo (X tons), Rwanda (X tons) and Democratic Republic of the Congo (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candles and tapers importing markets in Africa were South Africa ($X), Angola ($X) and Nigeria ($X), together accounting for X% of total imports. Ghana, Botswana, Congo, Madagascar, Gambia, Benin, Rwanda, Democratic Republic of the Congo, Cameroon and Togo lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Togo, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, 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 most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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