Candles And Tapers Market Overview in India
In value terms, candles and tapers production stood at $ in 2019 estimated in export prices. Overall, the total production indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by % y-o-y. Over the period under review, production attained the maximum level in 2019 and is likely to see steady growth in the immediate term.
The revenue of the candles and tapers market in India reduced to $ in 2019, waning 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 market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when the market value increased by % y-o-y. India consumption peaked at $ in 2018, and then reduced slightly in the following year.