| Product Code: ETC5680319 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a significant decline in growth rate in 2024, Guyana`s candle import market continues to be dominated by imports from the USA, China, Suriname, Canada, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to challenges for new entrants. With a modest compound annual growth rate (CAGR) of 1.3% from 2020 to 2024, stakeholders should closely monitor market dynamics and competitive forces to capitalize on emerging opportunities in the candle import sector in Guyana.

Guyana's Candle market is anticipated to experience a exponential growth rate of 54.74% by 2027, reflecting trends observed in the largest economy Brazil, followed by Mexico, Argentina, Colombia and Chile.

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 Guyana Candle Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Candle Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Candle Market - Industry Life Cycle |
3.4 Guyana Candle Market - Porter's Five Forces |
3.5 Guyana Candle Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Guyana Candle Market Revenues & Volume Share, By Wax, 2021 & 2031F |
3.7 Guyana Candle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Guyana Candle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness and demand for eco-friendly and sustainable products |
4.2.2 Growing popularity of aromatherapy and home decor trends |
4.2.3 Rise in disposable income and changing lifestyle preferences in Guyana |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, such as wax and fragrance oils |
4.3.2 Intense competition from alternative home fragrance products like diffusers and sprays |
4.3.3 Limited distribution channels and access to international markets due to geographical constraints |
5 Guyana Candle Market Trends |
6 Guyana Candle Market Segmentations |
6.1 Guyana Candle Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Candle Market Revenues & Volume, By Votive, 2021-2031F |
6.1.3 Guyana Candle Market Revenues & Volume, By Container Candle, 2021-2031F |
6.1.4 Guyana Candle Market Revenues & Volume, By Pillars, 2021-2031F |
6.1.5 Guyana Candle Market Revenues & Volume, By Tapers, 2021-2031F |
6.1.6 Guyana Candle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Guyana Candle Market, By Wax |
6.2.1 Overview and Analysis |
6.2.2 Guyana Candle Market Revenues & Volume, By Paraffin, 2021-2031F |
6.2.3 Guyana Candle Market Revenues & Volume, By Soy Wax, 2021-2031F |
6.2.4 Guyana Candle Market Revenues & Volume, By Beeswax, 2021-2031F |
6.2.5 Guyana Candle Market Revenues & Volume, By Palm Wax, 2021-2031F |
6.2.6 Guyana Candle Market Revenues & Volume, By Others, 2021-2031F |
6.3 Guyana Candle Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Guyana Candle Market Revenues & Volume, By Offline, 2021-2031F |
6.3.3 Guyana Candle Market Revenues & Volume, By Online, 2021-2031F |
7 Guyana Candle Market Import-Export Trade Statistics |
7.1 Guyana Candle Market Export to Major Countries |
7.2 Guyana Candle Market Imports from Major Countries |
8 Guyana Candle Market Key Performance Indicators |
8.1 Number of new product launches incorporating eco-friendly and sustainable materials |
8.2 Growth in online sales and engagement on social media platforms for candle brands |
8.3 Expansion of retail presence in key urban areas in Guyana |
8.4 Increase in the average spending per customer on candles |
8.5 Number of partnerships with local artisans and suppliers for unique candle designs |
9 Guyana Candle Market - Opportunity Assessment |
9.1 Guyana Candle Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Guyana Candle Market Opportunity Assessment, By Wax, 2021 & 2031F |
9.3 Guyana Candle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Guyana Candle Market - Competitive Landscape |
10.1 Guyana Candle Market Revenue Share, By Companies, 2024 |
10.2 Guyana Candle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |