Price for Shavers; with Self-Contained Electric Motor in Vietnam - 2021

Contents:

  1. Price for Shavers; with Self-Contained Electric Motor in Vietnam (FOB) - 2022
  2. Price for Shavers; with Self-Contained Electric Motor in Vietnam (CIF) - 2021
  3. Exports of Shavers; with Self-Contained Electric Motor in Vietnam
  4. Imports of Shavers; with Self-Contained Electric Motor in Vietnam

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

The average export price for shavers; with self-contained electric motors stood at $26 per unit in 2022, rising by 11% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 103% against the previous year. The export price peaked at $35 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($95 per unit), while the average price for exports to the United States ($7.4 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 Australia (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Shavers; with Self-Contained Electric Motor in Vietnam (CIF) - 2021

In December 2021, the average import price for shavers; with self-contained electric motors amounted to $73.4 per unit, stabilizing at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2021 when the average import price increased by 0.1% m-o-m. The import price peaked at $76.2 per unit in December 2020; however, from January 2021 to December 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($73.6 per unit), while the price for Indonesia ($73.4 per unit) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of shavers; with self-contained electric motors from Vietnam fell significantly to 143K units, dropping by -31.9% on the previous year's figure. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 177%. As a result, the exports reached the peak of 210K units, and then fell notably in the following year.

In value terms, shavers; with self-contained electric motor exports dropped markedly to $3.7M in 2022. Overall, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 98%. As a result, the exports attained the peak of $4.9M, and then shrank remarkably in the following year.

Export of Shavers; with Self-Contained Electric Motor in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea4264831,5891,15339.4%
Japan33041380269528.2%
United States1,437452931644-23.5%
Australia19821355845231.7%
Panama615470587426-11.5%
Hong Kong SAR7.433.790.399.9138.1%
Turkey2.110211583.3241.0%
Others195311222131-12.4%
Total3,2112,4774,8933,6854.7%

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

  1. United States (86.7K units)
  2. South Korea (16.4K units)
  3. Turkey (10.3K units)
  4. Japan (9.9K units)
  5. Panama (5.7K units)
  6. Australia (4.8K units)
  7. Hong Kong SAR (4.8K units)

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

In 2022, overseas purchases of shavers; with self-contained electric motors increased by 9.9% to 107K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt decline. Imports peaked at 141K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, shavers; with self-contained electric motor imports soared to $2.8M in 2022. In general, imports, however, showed a abrupt contraction. Over the period under review, imports reached the maximum at $3.6M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Shavers; with Self-Contained Electric Motor in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,7522,6891,7611,756-13.9%
Singapore555273345481-4.7%
Indonesia31.559.112214566.3%
Philippines103N/AN/A1194.9%
Thailand11651.148.986.8-9.2%
Germany2.27.837.580.3231.7%
Others47.565.288.310530.3%
Total3,6063,1452,4032,774-8.4%

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

  1. China (57.4K units)
  2. Singapore (17.8K units)
  3. Indonesia (4.8K units)
  4. Philippines (4.3K units)
  5. Thailand (2.7K units)
  6. Germany (1.7K units)

Source: IndexBox Market Intelligence Platform

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