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

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

For the third year in a row, the Singaporean market for electric shavers, hair-removing appliances and hair clippers recorded decline in sales value, which decreased by -66.8% to $X in 2022. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Singapore

Exports of electric shavers, hair-removing appliances and hair clippers from Singapore dropped sharply to X units in 2022, waning by -49.9% compared with the previous year's figure. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of 281% against the previous year. The exports peaked 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 reduced dramatically to $X in 2022. Over the period under review, exports showed a noticeable descent. The growth pace was the most rapid in 2016 with an increase of 190% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Hungary (X units) was the main destination for exports of electric shavers, hair-removing appliances and hair clippers from Singapore, accounting for a 42% share of total exports. Moreover, exports of electric shavers, hair-removing appliances and hair clippers to Hungary exceeded the volume sent to the second major destination, Indonesia (X units), fourfold. The United States (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary totaled +87.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-0.9% per year) and the United States (-3.2% per year).

In value terms, Israel ($X), China ($X) and Hungary ($X) constituted the largest markets for electric shavers, hair-removing appliances and hair clippers exported from Singapore worldwide, together comprising 41% of total exports. The United States, Indonesia, the United Arab Emirates, Hong Kong SAR, Poland, the Philippines, the Netherlands, Japan, India and Canada lagged somewhat behind, together accounting for a further 49%.

Poland, with a CAGR of +150.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electric shavers, hair-removing appliances and hair clippers amounted to $X per unit, falling by -1.6% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 45%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Hungary ($X 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 China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Singapore

In 2022, imports of electric shavers, hair-removing appliances and hair clippers into Singapore reduced sharply to X units, waning by -52.2% against the previous year. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 143% against the previous year. Imports 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 remarkably to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 121% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Indonesia (X units), China (X units) and the Netherlands (X units) were the main suppliers of imports of electric shavers, hair-removing appliances and hair clippers to Singapore, together comprising 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +30.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Japan ($X) appeared to be the largest electric shavers, hair-removing appliances and hair clippers suppliers to Singapore, together accounting for 82% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for electric shavers, hair-removing appliances and hair clippers amounted to $X per unit, picking up by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2021 an increase of 58%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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