India: Matches Market 2024

Matches Market Size in India

In 2021, the Indian matches market decreased by -44.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption continues to indicate a deep reduction. Matches consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Matches Production in India

In value terms, matches production totaled $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9.4%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Matches Exports

Exports from India

In 2021, approx. X tons of matches were exported from India; with an increase of 17% against 2020 figures. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +43.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, matches exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons), Ghana (X tons) and Sudan (X tons) were the main destinations of matches exports from India, with a combined 33% share of total exports. South Africa, Benin, Tanzania, Ukraine, Haiti, Togo, Angola, France, Uganda and the United Arab Emirates lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +95.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the key foreign market for matches exports from India, comprising 16% of total exports. The second position in the ranking was held by Ghana ($X), with a 7.4% share of total exports. It was followed by Sudan, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+5.2% per year) and Sudan (+1.7% per year).

Export Prices by Country

The average matches export price stood at $X per ton in 2021, surging by 5.1% against the previous year. In general, the export price, however, showed a slight slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Uganda ($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 France (-1.6%), while the prices for the other major destinations experienced a decline.

Matches Imports

Imports into India

In 2021, the amount of matches imported into India declined to X tons, falling by -12.8% compared with the year before. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 4,244%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, matches imports declined to $X in 2021. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 3,484%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Pakistan (X tons) constituted the largest matches supplier to India, with a 69% share of total imports. Moreover, matches imports from Pakistan exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Pakistan amounted to -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.7% per year) and Niger (-26.3% per year).

In value terms, Pakistan ($X) constituted the largest supplier of matches to India, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Pakistan stood at -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.0% per year) and Niger (-24.2% per year).

Import Prices by Country

In 2021, the average matches import price amounted to $X per ton, picking up by 2.7% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per ton), while the price for Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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