Canada: Matches Market 2024

Matches Market Size in Canada

In 2021, after three years of decline, there was significant growth in the Canadian matches market, when its value increased by 32% to $X. In general, consumption, however, saw a noticeable decrease. Matches consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Matches Exports

Exports from Canada

In 2021, approx. X tons of matches were exported from Canada; picking up by 225% compared with the previous year. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, matches exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for matches exports from Canada, with a 83% share of total exports. Moreover, matches exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), tenfold. The third position in this ranking was held by Norway (X kg), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+12.6% per year) and Norway (-2.6% per year).

In value terms, the United States ($X) remains the key foreign market for matches exports from Canada, comprising 83% of total exports. The second position in the ranking was held by Australia ($X), with an 8.2% share of total exports. It was followed by Norway, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+17.0% per year) and Norway (+1.2% per year).

Export Prices by Country

The average matches export price stood at $X per ton in 2021, increasing by 42% against the previous year. Over the period under review, the export price continues to indicate a pronounced increase. The growth pace was the most rapid in 2018 an increase of 63% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Norway ($X per ton) and New Zealand ($X per ton), while the average price for exports to the United States ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Matches Imports

Imports into Canada

In 2021, overseas purchases of matches were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 55%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, matches imports soared to $X in 2021. In general, imports, however, showed a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 57% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Chile (X tons) and China (X tons) were the main suppliers of matches imports to Canada, together comprising 70% of total imports. Hong Kong SAR and India lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +141.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Chile ($X) and China ($X) constituted the largest matches suppliers to Canada, with a combined 70% share of total imports. These countries were followed by Hong Kong SAR and India, which together accounted for a further 25%.

Hong Kong SAR, with a CAGR of +145.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average matches import price amounted to $X per ton, waning by -7.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2014 an increase of 30% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the price for Chile ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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