Germany’s Candle and Taper Imports to Hit Record High this Year
IndexBox has just published a new report: ‘Germany – Candles And Tapers – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.
Germany is rapidly increasing its imports of candles and tapers. In the first seven months of 2021, Germany imported 84K tonnes of candles worth $230M. These figures exceed the last year’s 67K tonnes worth $163M imported over the same period. Poland remains the prime trade partner, supplying 58% of candle and taper volume imported to Germany in 2020. In physical terms, German purchases from Poland grew by +7.0% y-o-y last year.
Germany’s Candle and Taper Imports
In the first seven months of 2021, Germany purchased abroad 84K tonnes of candles, exceeding by 25% the last year volume of the same period. In value terms, Germany’s imports grew by +41%, reaching $230M.
As of 2020, candle and taper imports into Germany rose modestly to 171K tonnes in 2020, increasing by +4.3% against the previous year’s figure. In value terms, they grew by +5.2% y-o-y to $429M (IndexBox estimates) in 2020.
Poland (100K tonnes) constituted the largest candles and tapers supplier Germany’slast year, with a 58% share of total imports. Moreover, candles and tapers imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (23K tonnes), fourfold. China (16K tonnes) ranked third in terms of total imports with a 9.4% share.
In 2020, the average annual growth rate in volume from Poland stood at +7.0%. The remaining supplying countries recorded the following average annual imports growth rates: the Netherlands (+3.0% per year) and China (+1.2% per year).
In value terms, Poland ($199M) constituted the largest supplier of candles and tapers to Germany, comprising 46% of total imports. The second position in the ranking was occupied by China ($47M), with an 11% share of total imports, and it was followed by the Netherlands, with an 11% share.
The average candle and taper import price stood at $2,504 per tonne in 2020, approximately equating to the previous year. Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were China ($2,875 per tonne) and Belgium ($2,450 per tonne), while the price for Poland ($1,990 per tonne) and the Netherlands ($2,008 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other significant suppliers experienced more modest paces of growth.
Source: IndexBox Platform