China: Matches Market 2024

Matches Market Size in China

In 2021, the Chinese matches market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Matches Production in China

In value terms, matches production expanded to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.9% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 25%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Matches Exports

Exports from China

Matches exports from China rose notably to X tons in 2021, increasing by 15% compared with the previous year's figure. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 19%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, matches exports skyrocketed to $X in 2021. In general, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of matches exports from China, with a combined 60% share of total exports. These countries were followed by Canada, the UK, South Korea, Mongolia, Romania, France, Australia, Spain and the Czech Republic, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mongolia (with a CAGR of +72.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for matches exported from China were Germany ($X), the United States ($X) and the UK ($X), with a combined 58% share of total exports. These countries were followed by South Korea, Canada, the Netherlands, Australia, France, Mongolia, Romania, Spain and the Czech Republic, which together accounted for a further 36%.

Mongolia, with a CAGR of +116.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average matches export price amounted to $X per ton, picking up by 18% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Matches Imports

Imports into China

In 2021, the amount of matches imported into China surged to X tons, jumping by 22% on 2020 figures. In general, imports, however, faced a dramatic contraction. The pace of growth was the most pronounced in 2019 with an increase of 74%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, matches imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a precipitous slump. The growth pace was the most rapid in 2013 when imports increased by 66% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest matches supplier to China, accounting for a 85% share of total imports. Moreover, matches imports from the United States exceeded the figures recorded by the second-largest supplier, Angola (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Angola (0.0% per year) and the United Arab Emirates (-10.6% per year).

In value terms, the United States ($X) constituted the largest supplier of matches to China, comprising 69% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+86.8% per year) and Angola (0.0% per year).

Import Prices by Country

In 2021, the average matches import price amounted to $X per ton, increasing by 10% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, matches import price decreased by -10.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 80% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+109.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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