Report Update: May 1, 2024

India - Razors - Market Analysis, Forecast, Size, Trends And Insights

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Razor Price in India - 2023

Razor Price in India (FOB) - 2022

In 2022, the average razor export price amounted to $0.2 per unit, increasing by 34% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +10.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, razor export price increased by +58.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 66%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($0.3 per unit), while the average price for exports to the United States ($0.1 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 United Arab Emirates (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Price in India (CIF) - 2023

In July 2023, the average razor import price amounted to $234 per thousand units, dropping by -47.6% against the previous month. Overall, the import price, however, saw a perceptible increase. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 101% against the previous month. The import price peaked at $446 per thousand units in June 2023, and then fell significantly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Sri Lanka ($597 per thousand units), while the price for China ($104 per thousand units) was amongst the lowest.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+14.4%), while the prices for the other major suppliers experienced a decline.

Razor Exports in India

In 2022, the amount of razors exported from India reduced notably to 114M units, waning by -39.1% compared with 2021. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, the exports attained the maximum at 226M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, razor exports contracted markedly to $22M in 2022. Overall, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. The exports peaked at $31M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Razor in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	15.9	9.1	13.0	6.1	-27.3%
United States	1.7	0.9	0.9	1.3	-8.6%
United Kingdom	1.3	1.1	1.2	1.2	-2.6%
Singapore	0.7	0.4	0.5	1.1	16.3%
South Africa	1.7	1.2	1.5	1.0	-16.2%
Iraq	0.6	0.4	0.9	0.9	14.5%
Canada	0.8	0.6	0.6	0.7	-4.4%
Sri Lanka	0.5	0.8	0.6	0.7	11.9%
Vietnam	0.1	0.3	0.1	0.6	81.7%
Nepal	0.5	0.2	0.5	0.5	0.0%
Malaysia	0.2	0.4	0.3	0.5	35.7%
Spain	0.1	0.1	0.1	0.4	58.7%
Indonesia	N/A	0.1	N/A	0.2	41.4%
Others	6.7	5.5	7.1	7.1	2.0%
Total	30.8	21.0	27.4	22.4	-10.1%

Top Export Markets for Razor from India in 2022:

United Arab Emirates (24.0M units)
United States (15.6M units)
United Kingdom (6.8M units)
Singapore (5.3M units)
South Africa (4.8M units)
Vietnam (4.6M units)
Canada (4.2M units)
Spain (3.8M units)
Iraq (3.7M units)
Sri Lanka (3.2M units)
Nepal (2.9M units)
Malaysia (2.4M units)
Indonesia (2.3M units)

Razor Imports in India

In 2022, the amount of razors imported into India skyrocketed to 76M units, jumping by 74% on 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, razor imports surged to $20M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Razor in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	0.2	5.1	6.8	10.3	272.1%
China	1.7	1.8	2.5	6.7	58.0%
Poland	4.5	2.2	1.6	1.6	-29.2%
Sri Lanka	0.6	1.5	0.7	1.4	32.6%
Germany	0.2	0.1	0.1	0.2	0.0%
Hong Kong SAR	2.7	1.9	2.4	N/A	-5.7%
Others	0.8	1.7	0.8	0.2	-37.0%
Total	10.7	14.2	15.0	20.4	24.0%

Top Suppliers of Razor to India in 2022:

China (56.0M units)
Vietnam (12.3M units)
Poland (3.3M units)
Sri Lanka (2.8M units)
Germany (1.0M units)
Hong Kong SAR (0.1M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the razor market in India. 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 25711230 - Razors, parts thereof (excluding razor blades)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
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
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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