Hong Kong SAR, China: 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 Hong Kong SAR, China

In 2022, the Hong Kong market for hair brushes and shaving and toilet brushes for personal use increased by 45% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Hair Brushes And Shaving And Toilet Brushes For Personal Use in Hong Kong SAR, China

In value terms, hair, shaving and toilet brush production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 158% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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

Exports from Hong Kong SAR, China

In 2022, approx. X units of hair brushes and shaving and toilet brushes for personal use were exported from Hong Kong SAR; with a decrease of -23.6% compared with 2021 figures. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 2.5%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hair, shaving and toilet brush exports declined rapidly to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 9% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), China (X units) and Japan (X units) were the main destinations of hair, shaving and toilet brush exports from Hong Kong SAR, together comprising 57% of total exports. The UK, France, Thailand, Australia, Italy, Canada, Russia, Belgium, Mexico and Germany lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +8.9%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for hair brushes and shaving and toilet brushes for personal use exports from Hong Kong SAR, comprising 40% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by the UK, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+8.2% per year) and the UK (-10.1% per year).

Export Prices by Country

The average export price for hair brushes and shaving and toilet brushes for personal use stood at $X per unit in 2022, which is down by -3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Hong Kong SAR, China

In 2022, the amount of hair brushes and shaving and toilet brushes for personal use imported into Hong Kong SAR reduced dramatically to X units, which is down by -59.4% compared with 2021. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 40%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hair, shaving and toilet brush imports reduced dramatically to $X in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main hair, shaving and toilet brush supplier to Hong Kong SAR, accounting for a 95% share of total imports. It was followed by Japan (X units), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -18.3%.

In value terms, China ($X) constituted the largest supplier of hair brushes and shaving and toilet brushes for personal use to Hong Kong SAR, comprising 69% of total imports. The second position in the ranking was held by Japan ($X), with an 8.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -12.5%.

Import Prices by Country

In 2022, the average import price for hair brushes and shaving and toilet brushes for personal use amounted to $X per unit, with an increase of 66% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hair, shaving and toilet brush import price increased by +88.8% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%).

Source: IndexBox Platform

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