Candles And Tapers Market Overview in Bangladesh
In value terms, candles and tapers production declined to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of % against the previous year. Bangladesh production peaked at $ in 2016; however, from 2017 to 2019, production failed to regain the momentum.
The value of the candles and tapers market in Bangladesh fell to $ in 2019, reducing 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; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2018, and then dropped in the following year.