Report Update Nov 1, 2024

Vietnam - Matches - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Matches Market 2024

Matches Market Size in Vietnam

After three years of growth, the Vietnamese matches market decreased by -3.2% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped modestly in the following year.

Matches Production in Vietnam

In value terms, matches production shrank to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Matches Exports

Exports from Vietnam

In 2021, overseas shipments of matches decreased by -42.4% to X tons, falling for the eighth year in a row after two years of growth. Over the period under review, exports showed a sharp shrinkage. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, matches exports contracted markedly to $X in 2021. In general, exports faced a dramatic descent. The growth pace was the most rapid in 2014 with an increase of 11%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for matches exports from Vietnam, with a 94% share of total exports. Moreover, matches exports to Malaysia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to -31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-45.9% per year) and the United States (0.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for matches exports from Vietnam, comprising 91% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-30.0% per year) and the United States (0.0% per year).

Export Prices by Country

In 2021, the average matches export price amounted to $X per ton, with an increase of 22% against the previous year. Overall, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 22%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Malaysia ($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 Taiwan (Chinese) (+29.4%).

Matches Imports

Imports into Vietnam

Matches imports into Vietnam soared to X tons in 2021, increasing by 20% compared with the year before. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 631% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, matches imports soared to $X in 2021. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 771% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of matches to Vietnam, accounting for a 68% share of total imports. Moreover, matches imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +116.2%.

In value terms, China ($X) constituted the largest supplier of matches to Vietnam, comprising 69% of total imports. The second position in the ranking was held by Japan ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +129.9%.

Import Prices by Country

In 2021, the average matches import price amounted to $X per ton, leveling off at the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, matches import price increased by +18.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 54%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for matches in the world?

The countries with the highest volumes of matches consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. These countries were followed by Nigeria, Russia, Brazil, Germany, Indonesia, Belarus, Japan, Ghana and Tanzania, which together accounted for a further 24%.

What are the largest producers of matches in the world?

The countries with the highest volumes of matches production in 2020 were India, China and the United States, with a combined 51% share of global production. Russia, Indonesia, Brazil, Belarus, Pakistan, Sweden, Germany and Japan lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of matches to Vietnam?

In value terms, India constituted the largest supplier of matches to Vietnam, comprising 96% of total imports. The second position in the ranking was occupied by Japan, with a 3.7% share of total imports.

What are the leading importers of matches from Vietnam?

In value terms, Malaysia remains the key foreign market for matches exports from Vietnam, comprising 91% of total exports. The second position in the ranking was occupied by Taiwan Chinese) $164), with a 4.9% share of total exports.

What is the average export price for matches in Vietnam?

In 2020, the average matches export price amounted to $2,846 per ton, rising by 7.9% against the previous year.

What is the average import price for matches in Vietnam?

In 2020, the average matches import price amounted to $2,685 per ton, jumping by 21% against the previous year.

This report provides an in-depth analysis of the matches market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20512000 - Matches (excluding Bengal matches and other pyrotechnic products)

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023