| Product Code: ETC11481286 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Colombia candle import market continued to see dominance from top exporting countries such as China, USA, Canada, Poland, and Spain in 2024. The market concentration, as indicated by the Herfindahl-Hirschman Index (HHI), remained very high, suggesting limited competition. Despite a high CAGR of 22.6% from 2020 to 2024, the growth rate experienced a slight decline of -12.21% in 2024 compared to the previous year. This indicates a potential shift in market dynamics that importers and stakeholders should monitor closely for future trends and opportunities.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Colombia Candles Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Candles Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Candles Market - Industry Life Cycle |
3.4 Colombia Candles Market - Porter's Five Forces |
3.5 Colombia Candles Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Colombia Candles Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Colombia Candles Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Colombia Candles Market Revenues & Volume Share, By Scent Type, 2021 & 2031F |
4 Colombia Candles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for eco-friendly and sustainable products |
4.2.2 Growing demand for candles in religious and cultural ceremonies |
4.2.3 Rising popularity of aromatherapy and home décor trends |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like wax and fragrance oils |
4.3.2 Competition from alternative home fragrance products like diffusers and air fresheners |
4.3.3 Regulatory restrictions on certain candle ingredients |
5 Colombia Candles Market Trends |
6 Colombia Candles Market, By Types |
6.1 Colombia Candles Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Colombia Candles Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Colombia Candles Market Revenues & Volume, By Scented Candles, 2021 - 2031F |
6.1.4 Colombia Candles Market Revenues & Volume, By Unscented Candles, 2021 - 2031F |
6.2 Colombia Candles Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Colombia Candles Market Revenues & Volume, By Aromatherapy, 2021 - 2031F |
6.2.3 Colombia Candles Market Revenues & Volume, By Lighting, 2021 - 2031F |
6.3 Colombia Candles Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Colombia Candles Market Revenues & Volume, By Paraffin Wax, 2021 - 2031F |
6.3.3 Colombia Candles Market Revenues & Volume, By Soy Wax, 2021 - 2031F |
6.4 Colombia Candles Market, By Scent Type |
6.4.1 Overview and Analysis |
6.4.2 Colombia Candles Market Revenues & Volume, By Lavender, Rose, 2021 - 2031F |
6.4.3 Colombia Candles Market Revenues & Volume, By Unscented, 2021 - 2031F |
7 Colombia Candles Market Import-Export Trade Statistics |
7.1 Colombia Candles Market Export to Major Countries |
7.2 Colombia Candles Market Imports from Major Countries |
8 Colombia Candles Market Key Performance Indicators |
8.1 Number of candles sold per capita |
8.2 Online search trends for candle-related keywords |
8.3 Percentage of households purchasing candles regularly |
8.4 Adoption rate of premium and luxury candle products |
8.5 Growth in demand for specific candle fragrances or designs |
9 Colombia Candles Market - Opportunity Assessment |
9.1 Colombia Candles Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Colombia Candles Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Colombia Candles Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Colombia Candles Market Opportunity Assessment, By Scent Type, 2021 & 2031F |
10 Colombia Candles Market - Competitive Landscape |
10.1 Colombia Candles Market Revenue Share, By Companies, 2024 |
10.2 Colombia Candles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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