Report Update Mar 1, 2025

Ghana - Razors - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Razor Market 2025

Razor Market Size in Ghana

The Ghanian razor market expanded notably to $X in 2021, with an increase of 6.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate mild growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Razor Exports

Exports from Ghana

In 2021, shipments abroad of razors increased by 64% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2017 with an increase of 76% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, razor exports soared to $X in 2021. Over the period under review, exports, however, recorded a sharp decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Benin (X kg) was the main destination for razor exports from Ghana, accounting for a 82% share of total exports. Moreover, razor exports to Benin exceeded the volume sent to the second major destination, Togo (X kg), ninefold. Mali (X kg) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Benin stood at -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-43.4% per year) and Mali (-35.8% per year).

In value terms, Benin ($X), Togo ($X) and Mali ($X) constituted the largest markets for razor exported from Ghana worldwide, with a combined 95% share of total exports.

Mali, with a CAGR of -8.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average razor export price amounted to $X per ton, jumping by 26% against the previous year. Overall, the export price, however, showed a perceptible contraction. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Togo ($X per ton), while the average price for exports to Benin ($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 the Netherlands (+53.6%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Ghana

In 2021, razor imports into Ghana shrank to X tons, declining by -13.3% on the previous year's figure. Overall, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2019 when imports increased by 424%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, razor imports surged to $X in 2021. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 272% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Egypt (X tons), China (X tons) and France (X tons) were the main suppliers of razor imports to Ghana, with a combined 62% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of razors to Ghana, comprising 50% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Egypt amounted to +50.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.9% per year) and China (+41.9% per year).

Import Prices by Country

The average razor import price stood at $X per ton in 2021, rising by 39% against the previous year. In general, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 91%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Egypt ($X per ton), while the price for Turkey ($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 Czech Republic (+52.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for razors in the world?

The countries with the highest volumes of razor consumption in 2020 were China, the United States and India, together comprising 46% of global consumption.

What are the largest producers of razors in the world?

The countries with the highest volumes of razor production in 2020 were China, the United States and India, with a combined 48% share of global production. Pakistan, Russia, Poland, Germany, Brazil, Mexico, Japan, Vietnam, Saudi Arabia and South Korea lagged somewhat behind, together accounting for a further 35%.

What are the leading suppliers of razors to Ghana?

In value terms, Egypt constituted the largest supplier of razor to Ghana, comprising 47% of total imports. The second position in the ranking was occupied by France, with a 21% share of total imports. It was followed by China, with a 14% share.

What are the leading importers of razors from Ghana?

In value terms, Benin, Cote d'Ivoire and Togo $676) constituted the largest markets for razor exported from Ghana worldwide, with a combined 98% share of total exports.

What is the average export price for razors in Ghana?

In 2020, the average razor export price amounted to $17,912 per ton, surging by 7.6% against the previous year.

What is the average import price for razors in Ghana?

In 2020, the average razor import price amounted to $3,341 per ton, reducing by -59.6% against the previous year.

This report provides an in-depth analysis of the razor market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25711230 - Razors, parts thereof (excluding razor blades)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024