Asia-Pacific: Razor Market 2024

Razor Market Size in Asia-Pacific

The Asia-Pacific razor market expanded significantly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Razor Production in Asia-Pacific

In value terms, razor production stood at $X in 2022 estimated in export price. Overall, production, however, saw a noticeable decrease. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Razor Exports

Exports in Asia-Pacific

In 2022, shipments abroad of razors increased by X% to X units, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, razor exports expanded to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the main exporter of razors in Asia-Pacific, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Vietnam (X units), achieving an X% share of total exports. The following exporters - Pakistan (X units), India (X units), Hong Kong SAR (X units), South Korea (X units) and Japan (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to razor exports from China stood at X%. At the same time, Vietnam (X%), Japan (X%), Pakistan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest razor supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In China, razor exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Razor Imports

Imports in Asia-Pacific

Razor imports declined modestly to X units in 2022, remaining constant against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, razor imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Japan (X units) and China (X units) represented roughly X% of total imports in 2022. Vietnam (X units) took the next position in the ranking, followed by Australia (X units), India (X units), Hong Kong SAR (X units), South Korea (X units), Thailand (X units), Indonesia (X units) and the Philippines (X units). All these countries together held near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported razors in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by China, with a X% share.

In Japan, razor imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, falling by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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