Candles - Timor-Leste
Timor-Leste- In 2024, the Candles market Segment in Timor-Leste recorded a revenue of US$230.30k.
- Looking ahead, the market is projected to experience an annual growth rate of 3.45% (CAGR 2024-2029).
- When compared globally, United States stands out as the top revenue generator in this segment, with a staggering US$2bn in revenue for 2024.
- To put this into perspective, in 2024, each person in Timor-Leste contributed to a revenue of US$0.17.
- This indicates the level of economic activity in the Candles market Segment relative to the country's total population.
- Timor-Leste's candle market is booming as consumers increasingly seek locally made, eco-friendly candles to support the country's growing artisanal sector.
Definition:
This segment focuses on candles that are used for decorative and celebratory purposes. A candle’s main function is to provide an aesthetic value and/or scent. They can create a soft, warm, or romantic ambiance in any room of the home when lit. The scent of a candle has the power to evoke memories and improve ones’ physical and mental well-being. Included in this segment are container/jar candles, scented candles, tea lights, and taper candles. Votive, novelty, pillar, flameless and floating candles are excluded from this market.
Additional Information:
The Candles subsubsegment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This subsubsegment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.
In-Scope
- Container & Jar Containers
- Scented Candles
- Tea Lights
- Taper Candles
Out-Of-Scope
- Flameless & Floating Candles
- Votive Candles
- Novelty Candles
