Indonesia: Shaving Preparations Market 2024

Shaving Preparations Market Size in Indonesia

After four years of decline, the Indonesian shaving preparations market increased by 8.6% to $X in 2021. Over the period under review, consumption enjoyed moderate growth. Shaving preparations consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Shaving Preparations Production in Indonesia

In value terms, shaving preparations production rose sharply to $X in 2021 estimated in export price. In general, production continues to indicate moderate growth. The pace of growth was the most pronounced in 2015 with an increase of 71%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Shaving Preparations Exports

Exports from Indonesia

In 2021, overseas shipments of pre-shave, shaving and after-shave preparations (excluding soap in blocks) decreased by -72.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 120%. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted notably in the following year.

In value terms, shaving preparations exports contracted markedly to $X in 2021. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 127% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for shaving preparations exports from Indonesia, accounting for a 86% share of total exports. Moreover, shaving preparations exports to Japan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-7.3% per year) and Hong Kong SAR (+9.7% per year).

In value terms, Japan ($X) emerged as the key foreign market for pre-shave, shaving and after-shave preparations (excluding soap in blocks) exports from Indonesia, comprising 89% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.7% share of total exports. It was followed by Thailand, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+18.5% per year) and Thailand (-17.0% per year).

Export Prices by Country

In 2021, the average shaving preparations export price amounted to $X per ton, with an increase of 41% against the previous year. In general, the export price, however, showed a mild descent. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to the United Arab Emirates ($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 Hong Kong SAR (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Shaving Preparations Imports

Imports into Indonesia

After two years of decline, overseas purchases of pre-shave, shaving and after-shave preparations (excluding soap in blocks) increased by 37% to X tons in 2021. Over the period under review, imports posted a moderate increase. The most prominent rate of growth was recorded in 2013 when imports increased by 126%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, shaving preparations imports soared to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of shaving preparations to Indonesia, accounting for a 84% share of total imports. Moreover, shaving preparations imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Australia (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.7% per year) and Australia (-14.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of pre-shave, shaving and after-shave preparations (excluding soap in blocks) to Indonesia, comprising 63% of total imports. The second position in the ranking was taken by Australia ($X), with an 8.6% share of total imports. It was followed by China, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-6.4% per year) and China (+26.8% per year).

Import Prices by Country

In 2021, the average shaving preparations import price amounted to $X per ton, rising by 9.9% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2016 an increase of 25%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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