South-Eastern Asia: Matches Market 2024

Matches Market Size in South-Eastern Asia

In 2021, the Southeast Asian matches market decreased by -1.3% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, recorded a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of 6.9%. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Matches Production in South-Eastern Asia

In value terms, matches production fell modestly to $X in 2021 estimated in export price. In general, production showed a noticeable setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 3.9% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Matches Exports

Exports in South-Eastern Asia

Matches exports contracted to X tons in 2021, which is down by -13.3% against the previous year. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, matches exports reduced to $X in 2021. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia prevails in exports structure, resulting at X tons, which was near 96% of total exports in 2021. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to matches exports from Indonesia stood at -7.2%. Malaysia (-1.7%) illustrated a downward trend over the same period. Malaysia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest matches supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Malaysia ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Indonesia amounted to -7.4%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, growing by 5.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%).

Matches Imports

Imports in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in purchases abroad of matches, when their volume decreased by -19% to X tons. In general, imports, however, recorded a measured increase. The growth pace was the most rapid in 2020 when imports increased by 120%. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, matches imports shrank to $X in 2021. Overall, imports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2020 with an increase of 95% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Thailand (X tons) and Vietnam (X tons) represented roughly 76% of total imports in 2021. Singapore (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (5%). The following importers - the Philippines (X tons) and Malaysia (X tons) - each recorded a 4.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +74.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2021, with a combined 87% share of total imports.

Vietnam, with a CAGR of +91.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, rising by 8.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 24%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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