Bangladesh: Market for Hair Brushes And Shaving And Toilet Brushes For Personal Use 2024

Market Size for Hair Brushes And Shaving And Toilet Brushes For Personal Use in Bangladesh

The Bangladeshi market for hair brushes and shaving and toilet brushes for personal use declined sharply to $X in 2022, which is down by -31.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw significant growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Hair Brushes And Shaving And Toilet Brushes For Personal Use

Exports from Bangladesh

In 2022, after six years of decline, there was growth in overseas shipments of hair brushes and shaving and toilet brushes for personal use, when their volume increased by 1.6% to X units. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 398% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, hair, shaving and toilet brush exports stood at $X in 2022. In general, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 380% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for hair, shaving and toilet brush exports from Bangladesh, accounting for a 80% share of total exports. Moreover, hair, shaving and toilet brush exports to the United States exceeded the volume sent to the second major destination, Malaysia (X units), ninefold. Germany (X units) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+0.9% per year) and Germany (+24.6% per year).

In value terms, the United States ($X) remains the key foreign market for hair brushes and shaving and toilet brushes for personal use exports from Bangladesh, comprising 69% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by France, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-2.9% per year) and France (-3.3% per year).

Export Prices by Country

In 2022, the average export price for hair brushes and shaving and toilet brushes for personal use amounted to $X per unit, with an increase of 8.1% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. The growth pace was the most rapid in 2015 an increase of 20%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($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 France (-1.4%), while the prices for the other major destinations experienced a decline.

Imports of Hair Brushes And Shaving And Toilet Brushes For Personal Use

Imports into Bangladesh

In 2022, the amount of hair brushes and shaving and toilet brushes for personal use imported into Bangladesh fell sharply to X units, reducing by -30.5% against the previous year. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 1,050% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hair, shaving and toilet brush imports fell markedly to $X in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 710% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main hair, shaving and toilet brush supplier to Bangladesh, with a 97% share of total imports. It was followed by Pakistan (X units), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +50.1%.

In value terms, China ($X) constituted the largest supplier of hair brushes and shaving and toilet brushes for personal use to Bangladesh, comprising 93% of total imports. The second position in the ranking was held by Pakistan ($X), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +31.5%.

Import Prices by Country

In 2022, the average import price for hair brushes and shaving and toilet brushes for personal use amounted to $X per unit, declining by -5% against the previous year. In general, the import price faced a deep setback. The pace of growth was the most pronounced in 2015 an increase of 29%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-1.9%).

Source: IndexBox Platform

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