Candles And Tapers Market Overview in Central Asia
The value of the candles and tapers market in Central Asia skyrocketed to $ in 2018, picking up by % against 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). The total consumption indicated a notable expansion from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In Kazakhstan, candles and tapers consumption expanded at an average annual rate of +% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Mongolia (+% per year) and Uzbekistan (-% per year).
In value terms, Kazakhstan ($) led the market, alone. The second position in the ranking was occupied by Mongolia ($). It was followed by Uzbekistan.
From 2007 to 2018, the average annual growth rate of value in Kazakhstan stood at +%. The remaining consuming countries recorded the following average annual rates of market growth: Mongolia (+% per year) and Uzbekistan (-% per year).
The countries with the highest levels of candles and tapers per capita consumption in 2018 were Mongolia ( kg per persons), Kazakhstan ( kg per persons) and Tajikistan ( kg per persons).
From 2007 to 2018, the most notable rate of growth in terms of candles and tapers per capita consumption, amongst the main consuming countries, was attained by Mongolia, while candles and tapers per capita consumption for the other leaders experienced mixed trends in the per capita consumption figures.