Price for Shavers; with Self-Contained Electric Motor in India - 2023

Contents:

1. Price for Shavers; with Self-Contained Electric Motor in India (CIF) - 2023
2. Price for Shavers; with Self-Contained Electric Motor in India (FOB) - 2022
3. Imports of Shavers; with Self-Contained Electric Motor in India
4. Exports of Shavers; with Self-Contained Electric Motor in India

Price for Shavers; with Self-Contained Electric Motor in India (CIF) - 2023

The average import price for shavers; with self-contained electric motors stood at $3.1 per unit in July 2023, surging by 89% against the previous month. In general, the import price, however, saw a mild slump. The pace of growth appeared the most rapid in February 2023 an increase of 206% against the previous month. Over the period under review, average import prices attained the maximum at $3.8 per unit in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Indonesia ($11.1 per unit), while the price for Hong Kong SAR ($1.1 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Shavers; with Self-Contained Electric Motor in India (FOB) - 2022

The average export price for shavers; with self-contained electric motors stood at $6.5 per unit in 2022, falling by -61.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 293%. Over the period under review, the average export prices hit record highs at $44 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($20 per unit), while the average price for exports to Saudi Arabia ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shavers; with Self-Contained Electric Motor in India

In 2022, approx. 2.9M units of shavers; with self-contained electric motors were imported into India; growing by 23% on 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 60%. As a result, imports attained the peak of 4.6M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, shavers; with self-contained electric motor imports expanded significantly to $6.9M in 2022. Over the period under review, imports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 12%. Over the period under review, imports hit record highs at $7.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Shavers; with Self-Contained Electric Motor to India in 2022:

1. China (2565.6K units)
2. Indonesia (241.7K units)
3. Hong Kong SAR (71.1K units)

Exports of Shavers; with Self-Contained Electric Motor in India

In 2022, shavers; with self-contained electric motor exports from India surged to 9.6K units, with an increase of 106% compared with 2021 figures. Overall, exports posted a moderate expansion. The pace of growth was the most pronounced in 2020 when exports increased by 145% against the previous year. As a result, the exports attained the peak of 21K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, shavers; with self-contained electric motor exports reduced notably to $62K in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of $121K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Shavers; with Self-Contained Electric Motor from India in 2022:

1. Saudi Arabia (2.8K units)
2. Mauritius (2.0K units)
3. United Kingdom (1.5K units)
4. Maldives (0.4K units)
5. China (0.3K units)
6. Bangladesh (0.2K units)
7. Bhutan (0.2K units)

Source: IndexBox Market Intelligence Platform