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Republic of Korea - Candles And Tapers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCandles and Tapers Price in South Korea - 2022
Contents:
- Candles and Tapers Price in South Korea (CIF) - 2022
- Candles and Tapers Price in South Korea (FOB) - 2022
- Candles and Tapers Imports in South Korea
- Candles and Tapers Exports in South Korea
Candles and Tapers Price in South Korea (CIF) - 2022
The average candles and tapers import price stood at $4,010 per ton in 2022, shrinking by -1.7% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candles and tapers import price increased by +18.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 34%. Over the period under review, average import prices hit record highs at $5,560 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 Czech Republic ($9,854 per ton), while the price for China ($2,300 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.
Candles and Tapers Price in South Korea (FOB) - 2022
The average candles and tapers export price stood at $9,801 per ton in 2022, flattening at the previous year. Over the period under review, the export price posted a buoyant increase. The growth pace was the most rapid in 2013 when the average export price increased by 108% against the previous year. The export price peaked at $9,906 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($15,656 per ton), while the average price for exports to Vietnam ($4,364 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 China (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.
Candles and Tapers Imports in South Korea
In 2022, after three years of growth, there was significant decline in supplies from abroad of candles and tapers, when their volume decreased by -10.6% to 9.7K tons. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 11K tons, and then dropped in the following year.
In value terms, candles and tapers imports dropped to $39M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of $44M, and then fell in the following year.
Import of Candles and Tapers in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.3 | 13.8 | 19.4 | 16.9 | 8.3% |
United States | 11.6 | 12.7 | 17.2 | 15.0 | 8.9% |
Czech Republic | 1.9 | 1.8 | 1.7 | 1.5 | -7.6% |
Italy | 0.9 | 1.6 | 1.6 | 1.4 | 15.9% |
Others | 2.5 | 3.6 | 4.4 | 4.1 | 17.9% |
Total | 30.2 | 33.6 | 44.3 | 38.9 | 8.8% |
Top Suppliers of Candles and Tapers to South Korea in 2022:
- China (7.3K tons)
- United States (1.8K tons)
- Italy (0.2K tons)
- Czech Republic (0.2K tons)
Candles and Tapers Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of candles and tapers, when their volume decreased by -12.7% to 355 tons. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 46%.
In value terms, candles and tapers exports reduced to $3.5M in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 64%.
Export of Candles and Tapers in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 695 | 1,211 | 1,551 | 1,422 | 27.0% |
United States | 292 | 852 | 1,057 | 969 | 49.2% |
China | 370 | 538 | 726 | 665 | 21.6% |
Taiwan (Chinese) | 56.8 | 127 | 121 | 111 | 25.0% |
Vietnam | 39.0 | 65.0 | 23.0 | 40.1 | 0.9% |
Others | 365 | 195 | 486 | 268 | -9.8% |
Total | 1,818 | 2,987 | 3,963 | 3,475 | 24.1% |
Top Export Markets for Candles and Tapers from South Korea in 2022:
- United States (138.3 tons)
- Japan (131.7 tons)
- China (42.5 tons)
- Taiwan (Chinese) (11.5 tons)
- Vietnam (9.2 tons)
This report provides an in-depth analysis of the candles and tapers market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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 Republic of Korea.
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 Republic of Korea.
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.