Hungary: Razor Market 2025

Razor Market Size in Hungary

The Hungarian razor market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Razor consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Razor Exports

Exports from Hungary

In 2021, overseas shipments of razors decreased by -13.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2015 with an increase of 81% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, razor exports totaled $X in 2021. Over the period under review, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 54%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons), Slovakia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of razor exports from Hungary, together accounting for 39% of total exports. These countries were followed by Croatia, the Czech Republic, Belarus, Montenegro, Romania, Kosovo, Ukraine and Slovenia, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +103.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for razor exported from Hungary were Slovakia ($X), the Czech Republic ($X) and Croatia ($X), together accounting for 52% of total exports. These countries were followed by Belarus, Serbia, Bosnia and Herzegovina, Romania, Slovenia, Ukraine, Montenegro and Kosovo, which together accounted for a further 34%.

Belarus, with a CAGR of +100.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average razor export price stood at $X per ton in 2021, rising by 17% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, razor export price increased by +30.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Kosovo ($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 Kosovo (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Hungary

In 2021, purchases abroad of razors decreased by -6.4% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 20% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, razor imports reached $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 54% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest razor supplier to Hungary, with a 48% share of total imports. Moreover, razor imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.0% per year) and China (+6.2% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of razors to Hungary, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by Slovakia, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.9% per year) and Slovakia (+30.8% per year).

Import Prices by Country

In 2021, the average razor import price amounted to $X per ton, with an increase of 16% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 29%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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