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

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

In 2022, the Bangladeshi market for electric shavers, hair-removing appliances and hair clippers decreased by -13.9% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, recorded a significant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

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

Exports from Bangladesh

In 2022, exports of electric shavers, hair-removing appliances and hair clippers from Bangladesh rose significantly to X units, with an increase of 5.5% on the previous year's figure. In general, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 110%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers shrank markedly to $X in 2022. Overall, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 86%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X units), Austria (X units) and Germany (X units) were the main destinations of exports of electric shavers, hair-removing appliances and hair clippers from Bangladesh, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +157.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for electric shavers, hair-removing appliances and hair clippers exports from Bangladesh, comprising 48% of total exports. The second position in the ranking was held by Switzerland ($X), with an 18% share of total exports. It was followed by Poland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Austria stood at +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+112.0% per year) and Poland (-27.1% per year).

Export Prices by Country

In 2022, the average export price for electric shavers, hair-removing appliances and hair clippers amounted to $X per unit, with a decrease of -27% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to the Czech Republic ($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 Germany (-0.3%), while the prices for the other major destinations experienced a decline.

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

Imports into Bangladesh

In 2022, after four years of growth, there was significant decline in purchases abroad of electric shavers, hair-removing appliances and hair clippers, when their volume decreased by -7.8% to X units. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 272% against the previous year. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers reduced notably to $X in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 334% against the previous year. Imports peaked at $X in 2021, and then reduced sharply 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 Bangladesh, with a 93% share of total imports. It was followed by the United Arab Emirates (X units), with a 2.7% share of total imports. Hong Kong SAR (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.5% per year) and Hong Kong SAR (+29.6% per year).

In value terms, China ($X) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Bangladesh, comprising 72% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Singapore, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+16.7% per year) and Singapore (+19.6% per year).

Import Prices by Country

The average import price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, dropping by -10.1% against the previous year. Over the period under review, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2014 an increase of 45% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Hong Kong SAR ($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 United Arab Emirates (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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