Candles and tapers market in Greece

Earlier Report Observations

The Greek market for candles and tapers contracted in physical volume from 6 774 t in 2018 to 5 794 t in 2020, while in value terms it declined modestly from 15 919 thousand US dollars to 15 319 thousand US dollars.

From 2021 to 2024, import volumes rose consistently, reaching 7 303 t, and exports expanded dramatically from 190 t in 2020 to 1 730 t in 2024, reflecting a significant increase in international trade activity.

Production candles and tapers in Greece

In value, 2017-2020, K $ US

The data reveals irregular changes, indicating a volatile market environment. Volumes reached their minimum in 2017 and climbed to their maximum in 2018, representing a 1.8-fold shift. In 2020, Greece's output of candles and tapers was valued at 4 190 K $ US, indicating a 7.3% loss compared to the previous year. The maximum value was recorded in 2018 at 4 764 K $ US, with the largest increase of 76.0% also occurring in that year.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, t

Greece's production volume of candles and tapers declined for the second consecutive year. In 2020, 1 543 t were produced, showing a steep decline of 25.3% versus the previous year. Between 2017 and 2020, production decreased by 11.8%, equating to an annualized rate of 4.1%. The maximum volume was recorded in 2018 at 2 097 t, with the largest increase of 19.9% also occurring in that year.

Annual dynamics of production in Greece in kind, 2017-2020, t

Exports candles and tapers from Greece

Exports in kind, t

There were noticeable fluctuations in market performance during the period. Exports reached their lowest point in 2017 and peaked in 2019, representing a swing of 2.4 times. In 2020, Greece's cross-border shipments of candles and tapers reached 190 t, corresponding to a substantial decline of 10.5% year-over-year. The maximum value was recorded in 2019 at 213 t, with the largest increase of 94.7% occurring in 2018.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

The structure of exports in kind from 2017 to 2020 can be described as diversified. Italy accounted for 19.5% of exports in kind, Cyprus for 14.6%, and Romania for 12.0%, together making up just 46.1% of total flows, with no country holding a clearly dominant position.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Greece's volume of candles and tapers exports increased for the third consecutive year. In 2020, exports totalled 1 266 K $ US, up by 4.4% over the past year. Over the period from 2017 to 2020, exports increased by 137.5%, with a compound annual growth rate (CAGR) of 33.4%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

The analysis of exports in value terms from 2017 to 2020 shows a broad distribution across many markets. Cyprus accounted for 11.6% of exports in value terms, Slovakia for 11.4%, and Sweden for 11.2%, together making up only 34.2% of total flows, with a significant 65.8% falling on other partners.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports candles and tapers to Greece

Imports in kind, t

After a two-year decrease, Greece's imports of candles and tapers increased. In 2020, imports amounted to 4 442 t, remaining flat year-over-year compared with 2019. Between 2017 and 2020, imports decreased by 11%, equating to an annualized rate of 3.8%. The minimum value was recorded in 2019 at 4 429 t, with the largest decline of 8.7% also occurring in that year.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, Italy, China, and Poland continued to head the list of suppliers of candles and tapers to Greece. Italy accounted for 31.2% of imports in kind, China for 26.7%, and Poland for 20.7%, jointly taking 78.6% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

After a two-year gain, Greece's import volumes of candles and tapers declined. In 2020, imports amounted to 12 395 K $ US, corresponding to a decrease of 1.5% compared to the previous year. Over the period from 2017 to 2020, imports increased by 4.5%, with a compound annual growth rate (CAGR) of 1.5%. The maximum value was recorded in 2019 at 12 588 K $ US, with the largest increase of 3.3% also occurring in that year.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, China, Italy, and Poland were the main markets for imports in value terms. China accounted for 29.0% of imports in value terms, Italy for 26.5%, and Poland for 17.2%, together accounting for 72.7% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020