GCC: Shaving Preparations Market 2024

Shaving Preparations Market Size in GCC

In 2021, the GCC shaving preparations market increased by 55% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Shaving Preparations Production in GCC

In value terms, shaving preparations production reduced to $X in 2021 estimated in export price. Overall, production, however, posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 5,400%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Shaving Preparations Exports

Exports in GCC

In 2021, after two years of decline, there was significant growth in overseas shipments of pre-shave, shaving and after-shave preparations (excluding soap in blocks), when their volume increased by 14% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, shaving preparations exports expanded modestly to $X in 2021. Overall, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was near 94% of total exports in 2021. Saudi Arabia (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of pre-shave, shaving and after-shave preparations (excluding soap in blocks). At the same time, Saudi Arabia (+5.0%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +5.0% from 2012-2021. While the share of Saudi Arabia (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest shaving preparations supplier in GCC, comprising 92% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 5.6% share of total exports.

In the United Arab Emirates, shaving preparations exports shrank by an average annual rate of -4.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, reducing by -8.3% against the previous year. In general, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2020 an increase of 45%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-2.2%).

Shaving Preparations Imports

Imports in GCC

In 2021, supplies from abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, shaving preparations imports surged to $X in 2021. Overall, imports, however, showed a drastic downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importer of pre-shave, shaving and after-shave preparations (excluding soap in blocks) in GCC, with the volume of imports accounting for X tons, which was approx. 57% of total imports in 2021. Saudi Arabia (X tons) ranks second in terms of the total imports with a 23% share, followed by Kuwait (8.2%). The following importers - Oman (X tons), Qatar (X tons) and Bahrain (X tons) - each resulted at a 12% share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -8.2% from 2012 to 2021. At the same time, Kuwait (+1.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +1.5% from 2012-2021. Qatar experienced a relatively flat trend pattern. By contrast, Bahrain (-1.8%), Oman (-9.6%) and Saudi Arabia (-14.9%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+7.2 p.p.), Kuwait (+5.3 p.p.), Qatar (+2.4 p.p.) and Bahrain (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Saudi Arabia (-16.8 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 ($X) constitutes the largest market for imported pre-shave, shaving and after-shave preparations (excluding soap in blocks) in GCC, comprising 56% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an 18% share of total imports. It was followed by Kuwait, with an 11% share.

In the United Arab Emirates, shaving preparations imports decreased by an average annual rate of -5.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-10.3% per year) and Kuwait (+3.4% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. The pace of growth was the most pronounced in 2013 an increase of 26% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform