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

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

In 2022, after three years of growth, there was significant decline in the GCC market for electric shavers, hair-removing appliances and hair clippers, when its value decreased by -10.6% to $X. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +61.2% against 2018 indices. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Electric Shavers, Hair-Removing Appliances And Hair Clippers in GCC

In value terms, production of electric shavers, hair-removing appliances and hair clippers rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in GCC

In 2022, the amount of electric shavers, hair-removing appliances and hair clippers exported in GCC skyrocketed to X units, growing by 73% against the previous year's figure. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 125%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers soared to $X in 2022. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 142% against the previous year. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of electric shavers, hair-removing appliances and hair clippers, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the electric shavers, hair-removing appliances and hair clippers exports, with a CAGR of +15.0% from 2012 to 2022. While the share of the United Arab Emirates (+8.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest electric shavers, hair-removing appliances and hair clippers supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +12.3%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, which is down by -14.4% against the previous year. Overall, the export price saw a noticeable contraction. The growth pace was the most rapid in 2016 an increase of 17% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -2.4% per year.

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

Imports in GCC

In 2022, purchases abroad of electric shavers, hair-removing appliances and hair clippers decreased by -4.9% to X units for the first time since 2016, thus ending a five-year rising trend. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +48.7% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 27% against the previous year. Over the period under review, imports of reached the maximum at X units in 2021, and then fell modestly in the following year.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers dropped rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

The United Arab Emirates dominates clippers structure, reaching X units, which was near 89% of total imports in 2022. The following importers - Qatar (X units) and Kuwait (X units) - each accounted for an 8.8% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric shavers, hair-removing appliances and hair clippers imports into the United Arab Emirates stood at +6.5%. At the same time, Qatar (+16.2%) and Kuwait (+6.6%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +16.2% from 2012-2022. While the share of Qatar (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electric shavers, hair-removing appliances and hair clippers in GCC, comprising 78% of total imports. The second position in the ranking was held by Kuwait ($X), with an 8% share of total imports.

In the United Arab Emirates, imports of electric shavers, hair-removing appliances and hair clippers increased at an average annual rate of +3.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+4.6% per year) and Qatar (+2.0% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, reducing by -15.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the import price increased by 10%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform