Asia: Razor Market 2025

Razor Market Size in Asia

After six years of growth, the Asian razor market decreased by -1.6% to $X in 2021. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then fell slightly in the following year.

Razor Production in Asia

In value terms, razor production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 21% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Razor Exports

Exports in Asia

Razor exports expanded markedly to X tons in 2021, with an increase of 14% on the year before. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, razor exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the major exporter of razors, committing 53% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 23% share, followed by Hong Kong SAR (5.6%) and India (5.2%). The following exporters - Turkey (X tons), Singapore (X tons) and the United Arab Emirates (X tons) - together made up 6.5% of total exports.

From 2012 to 2021, average annual rates of growth with regard to razor exports from China stood at +2.5%. At the same time, Vietnam (+21.8%), Singapore (+11.8%), Turkey (+6.7%) and the United Arab Emirates (+1.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.8% from 2012-2021. By contrast, Hong Kong SAR (-3.1%) and India (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam increased by +18 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest razor supplying countries in Asia were China ($X), Vietnam ($X) and Hong Kong SAR ($X), with a combined 81% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the other leaders experienced more modest paces of growth.

Razor Imports

Imports in Asia

In 2021, approx. X tons of razors were imported in Asia; with an increase of 7.2% against 2020. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 18% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, razor imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), the United Arab Emirates (X tons), Iraq (X tons), Saudi Arabia (X tons), Hong Kong SAR (X tons), Turkey (X tons), South Korea (X tons), China (X tons), Indonesia (X tons), Singapore (X tons), Iran (X tons) and Vietnam (X tons) represented the largest importer of razors in Asia, constituting 74% of total import. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, together accounting for 37% of total imports. Hong Kong SAR, Iraq, China, Turkey, South Korea, Vietnam, Singapore, Indonesia, India and Iran lagged somewhat behind, together accounting for a further 40%.

Vietnam, with a CAGR of +23.2%, recorded the highest rates of growth with regard to the value of imports, among 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 amounted to $X per ton, picking up by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2020 when the import price increased by 11%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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