China: Shaving Preparations Market 2024

Shaving Preparations Market Size in China

The Chinese shaving preparations market was estimated at $X in 2021, remaining constant against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.9% against 2018 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Shaving Preparations Production in China

In value terms, shaving preparations production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.9% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 72%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Shaving Preparations Exports

Exports from China

In 2021, exports of pre-shave, shaving and after-shave preparations (excluding soap in blocks) from China contracted to X tons, dropping by -14.1% on 2020 figures. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 9.2%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, shaving preparations exports expanded sharply to $X in 2021. Overall, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for shaving preparations exports from China, with a 42% share of total exports. Moreover, shaving preparations exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), fivefold. Mexico (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+60.4% per year) and Mexico (+33.6% per year).

In value terms, the United States ($X) remains the key foreign market for pre-shave, shaving and after-shave preparations (excluding soap in blocks) exports from China, comprising 38% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9% share of total exports. It was followed by Taiwan (Chinese), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-6.0% per year) and Taiwan (Chinese) (+4.5% per year).

Export Prices by Country

The average shaving preparations export price stood at $X per ton in 2021, picking up by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Shaving Preparations Imports

Imports into China

In 2021, approx. X tons of pre-shave, shaving and after-shave preparations (excluding soap in blocks) were imported into China; surging by 6.3% compared with 2020 figures. In general, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2014 with an increase of 25%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, shaving preparations imports expanded modestly to $X in 2021. Over the period under review, imports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest shaving preparations supplier to China, accounting for a 37% share of total imports. Moreover, shaving preparations imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Australia stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.3% per year) and Germany (+4.9% per year).

In value terms, the largest shaving preparations suppliers to China were Australia ($X), the United States ($X) and France ($X), together accounting for 64% of total imports. The UK, Italy, Germany, Poland and Japan lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Poland, with a CAGR of +37.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shaving preparations import price stood at $X per ton in 2021, declining by -4.1% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shaving preparations import price increased by +3.0% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. The import price peaked at $X per ton in 2020, and then reduced slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Germany ($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 States (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :