Candles And Tapers Market Overview in Nepal
In value terms, candles and tapers production rose to $ in 2019 estimated in export prices. Overall, the total production indicated measured growth 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 decreased by -% against 2017 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by % year-to-year. Over the period under review, production attained the peak level at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
The revenue of the candles and tapers market in Nepal reduced to $ in 2019, remaining relatively unchanged 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 +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, the market reached the maximum level at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.