Report Update Apr 1, 2024

Sri Lanka - Electric Shavers, Hair-Removing Appliances and Hair Clippers - Market Analysis, Forecast, Size, Trends and Insights

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

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

In 2022, after two years of growth, there was significant decline in the Sri Lankan market for electric shavers, hair-removing appliances and hair clippers, when its value decreased by -91.7% to $X. Over the period under review, consumption recorded a noticeable decline. Consumption of peaked at $X in 2021, and then fell dramatically in the following year.

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

Exports from Sri Lanka

In 2022, overseas shipments of electric shavers, hair-removing appliances and hair clippers increased by 9.4% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 379% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers skyrocketed to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 491%. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for exports of electric shavers, hair-removing appliances and hair clippers from Sri Lanka, with a 74% share of total exports. Moreover, exports of electric shavers, hair-removing appliances and hair clippers to India exceeded the volume sent to the second major destination, Singapore (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to India stood at +81.4%.

In value terms, India ($X) remains the key foreign market for electric shavers, hair-removing appliances and hair clippers exports from Sri Lanka, comprising 68% of total exports. The second position in the ranking was held by Singapore ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at +95.5%.

Export Prices by Country

The average export price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, surging by 8.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Sri Lanka

In 2022, supplies from abroad of electric shavers, hair-removing appliances and hair clippers decreased by -86.9% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2014 when imports increased by 204%. Over the period under review, imports of reached the peak figure at X units in 2021, and then declined dramatically in the following year.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers shrank dramatically to $X in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 156% against the previous year. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of electric shavers, hair-removing appliances and hair clippers to Sri Lanka, accounting for a 96% share of total imports. It was followed by Singapore (X units), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.0%.

In value terms, China ($X) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Sri Lanka, comprising 71% of total imports. The second position in the ranking was held by Singapore ($X), with a 6.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.9%.

Import Prices by Country

In 2022, the average import price for electric shavers, hair-removing appliances and hair clippers amounted to $X per unit, with a decrease of -39% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 102%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-6.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric shavers, hair-removing appliances and hair clippers in the world?

The countries with the highest volumes of consumption in 2022 were the United States, China and India, together accounting for 39% of global consumption.

What are the largest producers of electric shavers, hair-removing appliances and hair clippers in the world?

China remains the largest electric shavers, hair-removing appliances and hair clippers producing country worldwide, accounting for 85% of total volume. Moreover, production of electric shavers, hair-removing appliances and hair clippers in China exceeded the figures recorded by the second-largest producer, Indonesia, more than tenfold. The third position in this ranking was held by Hungary, with a 3.3% share.

What are the leading suppliers of electric shavers, hair-removing appliances and hair clippers to Sri Lanka?

In value terms, China constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Sri Lanka, comprising 71% of total imports. The second position in the ranking was taken by Singapore, with a 6.6% share of total imports.

What are the leading importers of electric shavers, hair-removing appliances and hair clippers from Sri Lanka?

In value terms, India remains the key foreign market for electric shavers, hair-removing appliances and hair clippers exports from Sri Lanka, comprising 68% of total exports. The second position in the ranking was taken by Singapore, with a 32% share of total exports.

What is the average export price for electric shavers, hair-removing appliances and hair clippers in Sri Lanka?

In 2022, the average export price for electric shavers, hair-removing appliances and hair clippers amounted to $26 per unit, growing by 8.3% against the previous year.

What is the average import price for electric shavers, hair-removing appliances and hair clippers in Sri Lanka?

The average import price for electric shavers, hair-removing appliances and hair clippers stood at $2.5 per unit in 2022, waning by -39% against the previous year.

This report provides an in-depth analysis of the market for electric shavers, hair-removing appliances and hair clippers in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27512200 - Shavers, hair-removing appliances and hair clippers, with selfcontained electric motor

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023