Malaysia - Candles And Tapers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCandles and Tapers Price in Malaysia - 2021
Contents:
- Candles and Tapers Price in Malaysia (CIF) - 2021
- Candles and Tapers Price in Malaysia (FOB) - 2021
- Candles and Tapers Imports in Malaysia
- Candles and Tapers Exports in Malaysia
Candles and Tapers Price in Malaysia (CIF) - 2021
In December 2021, the average candles and tapers import price amounted to $3,191 per ton, surging by 32% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2021 an increase of 46% month-to-month. The import price peaked at $3,591 per ton in March 2021; however, from April 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,121 per ton), while the price for Spain ($565 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Candles and Tapers Price in Malaysia (FOB) - 2021
The average candles and tapers export price stood at $3,230 per ton in December 2021, falling by -1.6% against the previous month. In general, export price indicated a notable expansion from December 2020 to December 2021: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, candles and tapers export price increased by +8.1% against October 2021 indices. The most prominent rate of growth was recorded in May 2021 an increase of 54% against the previous month. As a result, the export price attained the peak level of $4,597 per ton. From June 2021 to December 2021, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($5,516 per ton), while the average price for exports to Singapore ($2,271 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Candles and Tapers Imports in Malaysia
In 2022, supplies from abroad of candles and tapers decreased by -8% to 3.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year.
In value terms, candles and tapers imports declined slightly to $12M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year.
Import of Candles and Tapers in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.0 | 5.5 | 6.5 | 6.3 | 16.3% |
United States | 1.3 | 2.1 | 2.3 | 2.3 | 20.9% |
Taiwan (Chinese) | 0.5 | 0.7 | 0.3 | 0.4 | -7.2% |
Poland | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
Thailand | 0.4 | 0.5 | 0.3 | 0.3 | -9.1% |
Myanmar | 0.1 | 0.5 | 0.3 | 0.2 | 26.0% |
Vietnam | 0.1 | 0.4 | 0.3 | 0.2 | 26.0% |
Others | 0.6 | 1.2 | 1.7 | 1.4 | 32.6% |
Total | 7.1 | 11.1 | 12.1 | 11.6 | 17.8% |
Top Suppliers of Candles and Tapers to Malaysia in 2022:
- China (2875.4 tons)
- United States (224.8 tons)
- Myanmar (204.2 tons)
- Poland (146.0 tons)
- Thailand (140.5 tons)
- Vietnam (77.4 tons)
- Taiwan (Chinese) (76.2 tons)
Candles and Tapers Exports in Malaysia
In 2022, approx. 1.4K tons of candles and tapers were exported from Malaysia; waning by -13.8% against the year before. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year.
In value terms, candles and tapers exports fell markedly to $4.7M in 2022. In general, exports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year.
Export of Candles and Tapers in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2,838 | 2,199 | 2,535 | 2,077 | -9.9% |
Singapore | 448 | 398 | 978 | 801 | 21.4% |
United States | 1,787 | 421 | 638 | 767 | -24.6% |
Indonesia | 263 | 277 | 348 | 285 | 2.7% |
Australia | 275 | 85.2 | 128 | 132 | -21.7% |
Taiwan (Chinese) | 2.4 | 5.1 | 128 | 105 | 252.4% |
Hong Kong SAR | 12.3 | 2.9 | 123 | 101 | 101.7% |
Papua New Guinea | 70.1 | 85.1 | 91.6 | 75.1 | 2.3% |
Others | 631 | 427 | 628 | 406 | -13.7% |
Total | 6,327 | 3,900 | 5,598 | 4,749 | -9.1% |
Top Export Markets for Candles and Tapers from Malaysia in 2022:
- Japan (374.0 tons)
- Singapore (348.0 tons)
- United States (234.1 tons)
- Indonesia (166.4 tons)
- Papua New Guinea (43.6 tons)
- Taiwan (Chinese) (43.5 tons)
- Hong Kong SAR (43.5 tons)
- Australia (37.0 tons)
This report provides an in-depth analysis of the candles and tapers market in Malaysia. 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 2030.
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)
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the candles and tapers market in Malaysia.
This report provides an in-depth analysis of the global candles and tapers market.
This report provides an in-depth analysis of the candles and tapers market in Malaysia.
This report provides an in-depth analysis of the global candles and tapers market.
Explore the world's best import markets for candles and tapers with key statistics and data from the IndexBox market intelligence platform. Discover the top countries driving the import value of candles and tapers.
Explore the world's best import markets for candles and tapers with key statistics and data from the IndexBox market intelligence platform. Discover the top countries driving the import value of candles and tapers.