| Product Code: ETC7420172 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Guyana`s outdoor candle import market in 2024 continued to see significant shipments from top exporting countries such as the USA, China, Suriname, Canada, and the UK. The market maintained a high Herfindahl-Hirschman Index (HHI) concentration, indicating a competitive landscape. However, the compound annual growth rate (CAGR) from 2020 to 2024 was negative at -0.13%, with a notable decline in growth rate from 2023 to 2024 at -29.14%. This data suggests potential challenges and shifts in consumer demand or market dynamics impacting the import trade of outdoor candles in Guyana.

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 Outdoor Candle Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Outdoor Candle Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Outdoor Candle Market - Industry Life Cycle |
3.4 Guyana Outdoor Candle Market - Porter's Five Forces |
3.5 Guyana Outdoor Candle Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guyana Outdoor Candle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Guyana Outdoor Candle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of outdoor activities and events in Guyana |
4.2.2 Increasing consumer interest in eco-friendly and sustainable products |
4.2.3 Rising awareness about the benefits of aromatherapy and outdoor candles |
4.3 Market Restraints |
4.3.1 Seasonal variations in demand due to weather conditions |
4.3.2 Competition from alternative outdoor lighting products |
4.3.3 Challenges in distribution and logistics in certain regions of Guyana |
5 Guyana Outdoor Candle Market Trends |
6 Guyana Outdoor Candle Market, By Types |
6.1 Guyana Outdoor Candle Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Outdoor Candle Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Guyana Outdoor Candle Market Revenues & Volume, By Paraffin Wax, 2021- 2031F |
6.1.4 Guyana Outdoor Candle Market Revenues & Volume, By Soy Wax, 2021- 2031F |
6.1.5 Guyana Outdoor Candle Market Revenues & Volume, By Bees Wax, 2021- 2031F |
6.1.6 Guyana Outdoor Candle Market Revenues & Volume, By Palm Wax, 2021- 2031F |
6.1.7 Guyana Outdoor Candle Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Guyana Outdoor Candle Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Guyana Outdoor Candle Market Revenues & Volume, By Online, 2021- 2031F |
6.2.3 Guyana Outdoor Candle Market Revenues & Volume, By Offline, 2021- 2031F |
7 Guyana Outdoor Candle Market Import-Export Trade Statistics |
7.1 Guyana Outdoor Candle Market Export to Major Countries |
7.2 Guyana Outdoor Candle Market Imports from Major Countries |
8 Guyana Outdoor Candle Market Key Performance Indicators |
8.1 Number of outdoor events and activities in Guyana |
8.2 Percentage of consumers opting for eco-friendly outdoor candle products |
8.3 Growth in the aromatherapy market in Guyana |
8.4 Customer satisfaction levels with outdoor candle products |
8.5 Percentage of repeat purchases of outdoor candles |
9 Guyana Outdoor Candle Market - Opportunity Assessment |
9.1 Guyana Outdoor Candle Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guyana Outdoor Candle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Guyana Outdoor Candle Market - Competitive Landscape |
10.1 Guyana Outdoor Candle Market Revenue Share, By Companies, 2024 |
10.2 Guyana Outdoor 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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