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

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

The ASEAN market for electric shavers, hair-removing appliances and hair clippers reduced to $X in 2022, which is down by -8.1% against the previous year. Over the period under review, consumption showed a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Electric Shavers, Hair-Removing Appliances And Hair Clippers in ASEAN

In value terms, production of electric shavers, hair-removing appliances and hair clippers shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 33%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in ASEAN

In 2022, exports of electric shavers, hair-removing appliances and hair clippers in ASEAN contracted to X units, reducing by -11.4% on 2021. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 121%. Over the period under review, the exports of attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers declined to $X in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 184%. Over the period under review, the exports of attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Indonesia (X units) represented the largest exporter of electric shavers, hair-removing appliances and hair clippers, mixing up 57% of total exports. Thailand (X units) took the second position in the ranking, followed by Singapore (X units) and Vietnam (X units). All these countries together took near 43% share of total exports.

Indonesia was also the fastest-growing in terms of the electric shavers, hair-removing appliances and hair clippers exports, with a CAGR of +45.7% from 2012 to 2022. At the same time, Vietnam (+32.3%), Thailand (+15.8%) and Singapore (+5.1%) displayed positive paces of growth. While the share of Indonesia (+48 p.p.) and Vietnam (+6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-8.8 p.p.) and Singapore (-45.2 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest electric shavers, hair-removing appliances and hair clippers supplier in ASEAN, comprising 73% of total exports. The second position in the ranking was taken by Thailand ($X), with a 10% share of total exports. It was followed by Vietnam, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at +48.2%. In the other countries, the average annual rates were as follows: Thailand (+19.2% per year) and Vietnam (+26.8% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, with an increase of 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the export price increased by 32% against the previous year. The level of export 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Singapore ($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 (+2.9%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in ASEAN

In 2022, approx. X units of electric shavers, hair-removing appliances and hair clippers were imported in ASEAN; dropping by -38.6% against the previous year. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 95% against the previous year. The volume of import 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 dropped remarkably to $X in 2022. In general, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2016 when imports increased by 347%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Thailand was the major importing country with an import of around X units, which finished at 45% of total imports. Singapore (X units) took the second position in the ranking, distantly followed by Malaysia (X units), Vietnam (X units) and Indonesia (X units). All these countries together held near 51% share of total imports. The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +32.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported electric shavers, hair-removing appliances and hair clippers in ASEAN, comprising 42% of total imports. The second position in the ranking was held by Thailand ($X), with a 21% share of total imports. It was followed by Vietnam, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Thailand (+6.0% per year) and Vietnam (+29.2% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, with an increase of 16% against the previous year. In general, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 129% against the previous year. As a result, import price attained 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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform