| Product Code: ETC5680323 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import trend for the Iceland candle market in Iceland showed a steady increase from 2018 to 2020, with a notable peak in 2019. However, in 2021, imports experienced a slight decline compared to the previous year.

The Candle market in Iceland is projected to grow at a stable growth rate of 3.72% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Iceland Candle Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Candle Market Revenues & Volume, 2022 & 2032F |
3.3 Iceland Candle Market - Industry Life Cycle |
3.4 Iceland Candle Market - Porter's Five Forces |
3.5 Iceland Candle Market Revenues & Volume Share, By Product Type, 2022 & 2032F |
3.6 Iceland Candle Market Revenues & Volume Share, By Wax, 2022 & 2032F |
3.7 Iceland Candle Market Revenues & Volume Share, By Distribution Channel, 2022 & 2032F |
4 Iceland Candle 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 popularity of aromatherapy and wellness trends |
4.2.3 Rising demand for decorative and luxury home decor items |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices such as wax and fragrances |
4.3.2 Intense competition from other home fragrance products like diffusers and sprays |
4.3.3 Economic uncertainties impacting disposable income and consumer spending |
5 Iceland Candle Market Trends |
6 Iceland Candle Market Segmentations |
6.1 Iceland Candle Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Candle Market Revenues & Volume, By Votive, 2022-2032F |
6.1.3 Iceland Candle Market Revenues & Volume, By Container Candle, 2022-2032F |
6.1.4 Iceland Candle Market Revenues & Volume, By Pillars, 2022-2032F |
6.1.5 Iceland Candle Market Revenues & Volume, By Tapers, 2022-2032F |
6.1.6 Iceland Candle Market Revenues & Volume, By Others, 2022-2032F |
6.2 Iceland Candle Market, By Wax |
6.2.1 Overview and Analysis |
6.2.2 Iceland Candle Market Revenues & Volume, By Paraffin, 2022-2032F |
6.2.3 Iceland Candle Market Revenues & Volume, By Soy Wax, 2022-2032F |
6.2.4 Iceland Candle Market Revenues & Volume, By Beeswax, 2022-2032F |
6.2.5 Iceland Candle Market Revenues & Volume, By Palm Wax, 2022-2032F |
6.2.6 Iceland Candle Market Revenues & Volume, By Others, 2022-2032F |
6.3 Iceland Candle Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Iceland Candle Market Revenues & Volume, By Offline, 2022-2032F |
6.3.3 Iceland Candle Market Revenues & Volume, By Online, 2022-2032F |
7 Iceland Candle Market Import-Export Trade Statistics |
7.1 Iceland Candle Market Export to Major Countries |
7.2 Iceland Candle Market Imports from Major Countries |
8 Iceland Candle Market Key Performance Indicators |
8.1 Percentage of candles sold with natural, biodegradable ingredients |
8.2 Number of partnerships with wellness/spa businesses for candle usage |
8.3 Percentage of sales from premium/luxury candle collections |
8.4 Customer satisfaction ratings for scent variety and longevity |
8.5 Rate of return customers for repeat purchases |
9 Iceland Candle Market - Opportunity Assessment |
9.1 Iceland Candle Market Opportunity Assessment, By Product Type, 2022 & 2032F |
9.2 Iceland Candle Market Opportunity Assessment, By Wax, 2022 & 2032F |
9.3 Iceland Candle Market Opportunity Assessment, By Distribution Channel, 2022 & 2032F |
10 Iceland Candle Market - Competitive Landscape |
10.1 Iceland Candle Market Revenue Share, By Companies, 2025 |
10.2 Iceland Candle 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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