Thailand: Matches Market 2025

Matches Market Size in Thailand

The Thai matches market reached $X in 2021, stabilizing at the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Matches Production in Thailand

In value terms, matches production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 24% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Matches Exports

Exports from Thailand

For the sixth year in a row, Thailand recorded decline in shipments abroad of matches, which decreased by -75.5% to X tons in 2021. In general, exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 6.5% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, matches exports contracted significantly to $X in 2021. Over the period under review, exports saw a sharp downturn. The pace of growth appeared the most rapid in 2015 with an increase of 3.5% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Cambodia (X tons) was the main destination for matches exports from Thailand, accounting for a 91% share of total exports. Moreover, matches exports to Cambodia exceeded the volume sent to the second major destination, Maldives (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Cambodia stood at -33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-10.1% per year) and Lao People's Democratic Republic (-35.2% per year).

In value terms, Cambodia ($X), Maldives ($X) and Lao People's Democratic Republic ($X) constituted the largest markets for matches exported from Thailand worldwide.

Among the main countries of destination, Maldives, with a CAGR of -7.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average matches export price stood at $X per ton in 2021, surging by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +6.0%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

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 Maldives ($X per ton), while the average price for exports to Cambodia ($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 Myanmar (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Matches Imports

Imports into Thailand

In 2021, purchases abroad of matches decreased by -33.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 461% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped remarkably in the following year.

In value terms, matches imports reduced markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 388% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) was the main matches supplier to Thailand, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +226.0%.

In value terms, India ($X) constituted the largest supplier of matches to Thailand.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +148.3%.

Import Prices by Country

In 2021, the average matches import price amounted to $X per ton, surging by 10% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 250%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to +2.0% per year.

Source: IndexBox Platform

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