Eastern Asia: 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 Eastern Asia

The East Asian market for hair brushes and shaving and toilet brushes for personal use amounted to $X in 2022, increasing by 1.5% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.8% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Hair Brushes And Shaving And Toilet Brushes For Personal Use in Eastern Asia

In value terms, hair, shaving and toilet brush production fell modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate measured growth. The pace of growth was the most pronounced in 2018 with an increase of 192% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

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

Exports in Eastern Asia

In 2022, overseas shipments of hair brushes and shaving and toilet brushes for personal use increased by 13% to X units, rising for the second consecutive year after four years of decline. The total export volume increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 22% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, hair, shaving and toilet brush exports skyrocketed to $X in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. 97% of total exports in 2022. Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Taiwan (Chinese) (+16.0%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +16.0% from 2012-2022. From 2012 to 2022, the share of China increased by +3.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hair, shaving and toilet brush supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +18.3%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, rising by 17% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when the export price increased by 30%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%).

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

Imports in Eastern Asia

In 2022, hair, shaving and toilet brush imports in Eastern Asia expanded markedly to X units, surging by 12% against the previous year. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hair, shaving and toilet brush imports rose rapidly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China represented the major importing country with an import of about X units, which resulted at 74% of total imports. Japan (X units) ranks second in terms of the total imports with a 12% share, followed by South Korea (7.2%). Taiwan (Chinese) (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hair, shaving and toilet brush imports into China stood at +5.0%. At the same time, Taiwan (Chinese) (+8.9%) and South Korea (+5.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +8.9% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-18.0%) illustrated a downward trend over the same period. China (+19 p.p.), South Korea (+2.2 p.p.) and Taiwan (Chinese) (+2 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by -2.9% and -20.2% from 2012 to 2022, respectively.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined 91% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +11.2%, saw the highest growth rate of 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 import price in Eastern Asia stood at $X per unit in 2022, falling by -6% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2016 when the import price increased by 24%. The level of import peaked at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :