Philippines: Shaving Preparations Market 2024

Shaving Preparations Market Size in the Philippines

The Philippine shaving preparations market skyrocketed to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a strong increase. Shaving preparations consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Shaving Preparations Exports

Exports from the Philippines

In 2022, shipments abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) was finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded significant growth. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, shaving preparations exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons) was the main destination for shaving preparations exports from the Philippines, with a X% share of total exports. Moreover, shaving preparations exports to Italy exceeded the volume sent to the second major destination, Singapore (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at X%.

In value terms, Italy ($X) emerged as the key foreign market for pre-shave, shaving and after-shave preparations (excluding soap in blocks) exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%.

Export Prices by Country

In 2022, the average shaving preparations export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Shaving Preparations Imports

Imports into the Philippines

In 2022, overseas purchases of pre-shave, shaving and after-shave preparations (excluding soap in blocks) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, shaving preparations imports surged to $X in 2022. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest shaving preparations supplier to the Philippines, accounting for a X% share of total imports. Moreover, shaving preparations imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of pre-shave, shaving and after-shave preparations (excluding soap in blocks) to the Philippines, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Singapore (X% per year).

Import Prices by Country

The average shaving preparations import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price posted a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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