Report Update May 1, 2024

Cuba - Candles and Tapers - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Candles And Tapers Market 2024

Candles And Tapers Market Size in Cuba

The Cuban candles and tapers market stood at $X in 2021, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a dramatic decrease. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Candles And Tapers Exports

Exports from Cuba

In 2020, candles and tapers exports from Cuba was estimated at X kg, remaining constant against the previous year. Over the period under review, exports showed a abrupt setback. The smallest decline of 99.9% was in 2019. The exports peaked at X kg in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

In value terms, candles and tapers exports amounted to $X in 2020. Overall, exports faced a precipitous slump. The smallest decline of 99.9% was in 2019. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X kg) was the main destination for candles and tapers exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to Angola was relatively modest.

From 2015 to 2020, the average annual rate of growth in terms of value to Angola was relatively modest.

Export Prices by Country

The average candles and tapers export price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Angola.

From 2015 to 2020, the rate of growth in terms of prices for Guatemala amounted to 0.0% per year.

Candles And Tapers Imports

Imports into Cuba

In 2021, candles and tapers imports into Cuba dropped markedly to X tons, with a decrease of -20.5% against 2020 figures. Over the period under review, imports faced a sharp decline. The most prominent rate of growth was recorded in 2016 with an increase of 482%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, candles and tapers imports reached $X in 2021. Overall, imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 403%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Panama (X tons) constituted the largest supplier of candles and tapers to Cuba, accounting for a 45% share of total imports. Moreover, candles and tapers imports from Panama exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Spain (X kg), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Panama totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-40.8% per year) and Spain (-0.9% per year).

In value terms, the largest candles and tapers suppliers to Cuba were Panama ($X), Spain ($X) and China ($X), together accounting for 74% of total imports. Mexico, France, Canada and Italy lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, France, with a CAGR of +53.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average candles and tapers import price amounted to $X per ton, with an increase of 44% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 79% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candles and tapers in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 45% share of global consumption. These countries were followed by Russia, Brazil, Indonesia, Germany, Bangladesh, Mexico, Egypt, the Philippines, Poland and the UK, which together accounted for a further 25%.

What are the largest producers of candles and tapers in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, with a combined 46% share of global production. These countries were followed by Poland, Russia, Brazil, Indonesia, Mexico, Bangladesh, Vietnam, Egypt and the Philippines, which together accounted for a further 28%.

What are the leading suppliers of candles and tapers to Cuba?

In value terms, Panama, Spain and China constituted the largest candles and tapers suppliers to Cuba, together comprising 74% of total imports. These countries were followed by Mexico, France, Canada and Italy, which together accounted for a further 18%.

What is the average export price for candles and tapers in Cuba?

The average candles and tapers export price stood at $1,857 per ton in 2020, approximately reflecting the previous year.

What is the average import price for candles and tapers in Cuba?

The average candles and tapers import price stood at $5,314 per ton in 2021, growing by 44% against the previous year.

This report provides an in-depth analysis of the candles and tapers market in Cuba. 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:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023