China: Razor Market 2024

Razor Market Size in China

The Chinese razor market was estimated at $X in 2021, flattening at the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.2% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Razor Production in China

In value terms, razor production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Razor Exports

Exports from China

In 2021, the amount of razors exported from China totaled X tons, increasing by 2.7% on 2020 figures. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 22%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, razor exports soared to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some 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.

Exports by Country

The United States (X tons) was the main destination for razor exports from China, with a 17% share of total exports. Moreover, razor exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.6% per year) and Japan (+3.6% per year).

In value terms, the United States ($X), Japan ($X) and Mexico ($X) appeared to be the largest markets for razor exported from China worldwide, with a combined 42% share of total exports. These countries were followed by Poland, Hong Kong SAR, Russia, Australia, the Czech Republic, Iraq, India, the Netherlands, Indonesia and Brazil, which together accounted for a further 25%.

Among the main countries of destination, Poland, with a CAGR of +46.8%, saw 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 average razor export price amounted to $X per ton, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Brazil ($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 Poland (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into China

In 2021, overseas purchases of razors were finally on the rise to reach X tons after two years of decline. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, razor imports rose markedly to $X in 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of razor imports to China, with a combined 53% share of total imports. These countries were followed by Germany, Vietnam, Greece, Pakistan, Mexico, South Korea and Israel, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +55.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Japan ($X) constituted the largest razor suppliers to China, with a combined 66% share of total imports.

Germany, with a CAGR of +44.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average razor import price amounted to $X per ton, picking up by 1.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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