Southern Asia: Matches Market 2024

Matches Market Size in Southern Asia

In 2021, the South Asian matches market decreased by -22.2% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a pronounced setback. The growth pace was the most rapid in 2019 with an increase of 7%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Matches Production in Southern Asia

In value terms, matches production reduced modestly to $X in 2021 estimated in export price. In general, production continues to indicate a slight contraction. The growth pace was the most rapid in 2019 with an increase of 7.4% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Matches Exports

Exports in Southern Asia

In 2021, approx. X tons of matches were exported in Southern Asia; rising by 16% compared with the previous year. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, matches exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, finishing at X tons, which was approx. 91% of total exports in 2021. It was distantly followed by Pakistan (X tons), constituting an 8.6% share of total exports.

India was also the fastest-growing in terms of the matches exports, with a CAGR of +4.1% from 2012 to 2021. Pakistan (-8.9%) illustrated a downward trend over the same period. India (+15 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -15.3% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest matches supplier in Southern Asia, comprising 85% of total exports. The second position in the ranking was held by Pakistan ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +2.1%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, picking up by 5.2% against the previous year. In general, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 when the export price increased by 5.9%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-0.1%).

Matches Imports

Imports in Southern Asia

In 2021, after two years of growth, there was decline in overseas purchases of matches, when their volume decreased by -0.1% to X tons. In general, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 when imports increased by 55%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, matches imports rose notably to $X in 2021. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 17% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan represented the main importer of matches in Southern Asia, with the volume of imports recording X tons, which was approx. 79% of total imports in 2021. It was distantly followed by Pakistan (X tons), mixing up an 18% share of total imports.

Imports into Afghanistan decreased at an average annual rate of -5.2% from 2012 to 2021. At the same time, Pakistan (+36.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +36.1% from 2012-2021. From 2012 to 2021, the share of Pakistan increased by +17 percentage points.

In value terms, Afghanistan ($X) constitutes the largest market for imported matches in Southern Asia, comprising 86% of total imports. The second position in the ranking was held by Pakistan ($X), with an 11% share of total imports.

In Afghanistan, matches imports declined by an average annual rate of -6.7% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 8.4% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat 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 Afghanistan ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+9.6%).

Source: IndexBox Platform

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