Asia-Pacific: Safety Razor Blade Market 2025

Safety Razor Blade Market Size in Asia-Pacific

After four years of decline, the Asia-Pacific safety razor blade market increased by 11% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Safety Razor Blade Production in Asia-Pacific

In value terms, safety razor blade production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Safety Razor Blade Exports

Exports in Asia-Pacific

In 2021, after two years of decline, there was growth in overseas shipments of safety razor blades, when their volume increased by 4.7% to X units. In general, exports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of 12%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, safety razor blade exports expanded markedly to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of safety razor blades, namely India, China and Vietnam, represented more than two-thirds of total export. It was distantly followed by South Korea (X units), creating an 8.3% share of total exports. Singapore (X units), Japan (X units) and Hong Kong SAR (X units) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +41.5%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), Vietnam ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 56% of total exports.

Vietnam, with a CAGR of +46.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, with an increase of 9.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2015 an increase of 12%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.1%), while the other leaders experienced more modest paces of growth.

Safety Razor Blade Imports

Imports in Asia-Pacific

In 2021, safety razor blade imports in Asia-Pacific soared to X units, surging by 26% on the year before. Over the period under review, imports, however, recorded a slight setback. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, safety razor blade imports skyrocketed to $X in 2021. Overall, imports, however, showed a slight curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of safety razor blades, namely China, Vietnam, Nepal, Japan and India, represented more than half of total import. South Korea (X units) took the next position in the ranking, followed by Thailand (X units), Australia (X units), Singapore (X units) and Hong Kong SAR (X units). All these countries together took approx. 25% share of total imports. Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +43.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 50% share of total imports. These countries were followed by India, Hong Kong SAR, South Korea, Australia, Singapore, Nepal, Thailand and Bangladesh, which together accounted for a further 42%.

Bangladesh, with a CAGR of +14.3%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in Asia-Pacific amounted to $X per unit, dropping by -3.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 7.8%. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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