Asia-Pacific: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2024

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Asia-Pacific

In 2022, the Asia-Pacific market for electric shavers, hair-removing appliances and hair clippers increased by 31% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Electric Shavers, Hair-Removing Appliances And Hair Clippers in Asia-Pacific

In value terms, production of electric shavers, hair-removing appliances and hair clippers totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 32%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Exports in Asia-Pacific

In 2022, shipments abroad of electric shavers, hair-removing appliances and hair clippers decreased by -12.6% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2018 with an increase of 290%. Over the period under review, the exports of attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers dropped to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 35% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

China dominates clippers structure, accounting for X units, which was near 94% of total exports in 2022. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electric shavers, hair-removing appliances and hair clippers exports from China stood at +5.9%. At the same time, Indonesia (+45.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +45.7% from 2012-2022. From 2012 to 2022, the share of China and Indonesia increased by +10 and +2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric shavers, hair-removing appliances and hair clippers supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was held by Indonesia ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +7.0%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, surging by 3.8% against the previous year. Over the period under review, the export price saw modest growth. The pace of growth appeared the most rapid in 2016 an increase of 173% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.7%).

Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Imports in Asia-Pacific

In 2022, overseas purchases of electric shavers, hair-removing appliances and hair clippers decreased by -16.7% to X units, falling for the second consecutive year after six years of growth. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 18% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers fell to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 36%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

India represented the largest importer of electric shavers, hair-removing appliances and hair clippers in Asia-Pacific, with the volume of imports resulting at X units, which was near 36% of total imports in 2022. Japan (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Australia (11%), South Korea (8.7%), Thailand (6.2%), China (5.4%) and Hong Kong SAR (4.7%).

India was also the fastest-growing in terms of the electric shavers, hair-removing appliances and hair clippers imports, with a CAGR of +23.1% from 2012 to 2022. At the same time, China (+22.3%), Thailand (+13.4%), South Korea (+9.2%) and Australia (+4.5%) displayed positive paces of growth. By contrast, Japan (-2.2%) and Hong Kong SAR (-19.7%) illustrated a downward trend over the same period. While the share of India (+31 p.p.), China (+4.6 p.p.), South Korea (+4.5 p.p.), Thailand (+4.2 p.p.) and Australia (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-6.9 p.p.) and Hong Kong SAR (-43.9 p.p.) displayed negative dynamics.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together comprising 57% of total imports. Australia, India, Hong Kong SAR and Thailand lagged somewhat behind, together accounting for a further 31%.

India, with a CAGR of +15.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, growing by 4.1% against the previous year. In general, the import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2016 an increase of 16%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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