India: Shaving Preparations Market 2024

Shaving Preparations Market Size in India

In 2021, the Indian shaving preparations market decreased by -3.4% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, showed strong growth. Shaving preparations consumption peaked at $X in 2020, and then shrank modestly in the following year.

Shaving Preparations Production in India

In value terms, shaving preparations production reduced slightly to $X in 2021 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 44% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Shaving Preparations Exports

Exports from India

In 2021, overseas shipments of pre-shave, shaving and after-shave preparations (excluding soap in blocks) increased by 45% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, shaving preparations exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable slump. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Nepal (X tons) and Bangladesh (X tons) were the main destinations of shaving preparations exports from India, together accounting for 51% of total exports. Malaysia, the United Arab Emirates, Sri Lanka, Australia, Belgium, the UK, Nigeria and Morocco lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +65.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaving preparations exported from India were the United States ($X), Bangladesh ($X) and Nepal ($X), together comprising 49% of total exports. Australia, Malaysia, the United Arab Emirates, Sri Lanka, Belgium, Nigeria, the UK and Morocco lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, Nigeria, with a CAGR of +67.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average shaving preparations export price amounted to $X per ton, shrinking by -10.4% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shaving preparations export price increased by +11.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 24%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Morocco ($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 Australia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Shaving Preparations Imports

Imports into India

Shaving preparations imports into India reduced notably to X tons in 2021, which is down by -47.3% against the previous year's figure. In general, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 48%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, shaving preparations imports rose markedly to $X in 2021. Over the period under review, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 66% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The UK (X tons), Australia (X tons) and Germany (X tons) were the main suppliers of shaving preparations imports to India, together accounting for 87% of total imports. The United Arab Emirates, Poland, Thailand, China, Indonesia and France lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +84.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of pre-shave, shaving and after-shave preparations (excluding soap in blocks) to India, comprising 53% of total imports. The second position in the ranking was held by Australia ($X), with a 19% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+36.2% per year) and Germany (-9.6% per year).

Import Prices by Country

In 2021, the average shaving preparations import price amounted to $X per ton, picking up by 118% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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