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

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

In 2022, the Asian market for electric shavers, hair-removing appliances and hair clippers increased by 22% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a perceptible decline. The level of consumption peaked 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

In value terms, production of electric shavers, hair-removing appliances and hair clippers reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 30%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia

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. Overall, exports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of 281%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers contracted to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 35% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

China prevails in clippers structure, reaching X units, which was approx. 94% of total exports in 2022. Indonesia (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Indonesia (+45.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +45.7% from 2012-2022. China (+11 p.p.) and Indonesia (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric shavers, hair-removing appliances and hair clippers supplier in Asia, comprising 80% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 9.4% share of total exports.

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, with an increase of 3.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 166%. 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 failed to regain momentum.

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 totaled $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

In 2022, supplies from abroad of electric shavers, hair-removing appliances and hair clippers decreased by -13.6% to X units, falling for the second consecutive year after three years of growth. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 17%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers reduced notably to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, India (X units) and the United Arab Emirates (X units) represented the main importers of electric shavers, hair-removing appliances and hair clippers in Asia, together resulting at near 42% of total imports. It was distantly followed by Japan (X units), Iraq (X units), South Korea (X units) and Turkey (X units), together generating a 30% share of total imports. Thailand (X units), China (X units), Hong Kong SAR (X units), Singapore (X units) and Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric shavers, hair-removing appliances and hair clippers importing markets in Asia were Japan ($X), the United Arab Emirates ($X) and China ($X), together accounting for 47% of total imports. South Korea, India, Hong Kong SAR, Turkey, Iraq, Singapore, Israel and Thailand lagged somewhat behind, together comprising a further 39%.

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

The import price in Asia stood at $X per unit in 2022, declining by -1.8% against the previous year. In general, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2016 when the import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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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