Report Update Nov 1, 2024

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

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Kenya: Razor Market 2024

Razor Market Size in Kenya

The Kenyan razor market skyrocketed to $X in 2021, rising by 198% 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). In general, consumption posted a tangible increase. Razor consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Razor Exports

Exports from Kenya

In 2021, shipments abroad of razors increased by 19% to X tons, rising for the third year in a row after three years of decline. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 472%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, razor exports soared to $X in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 324%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Uganda (X tons), Ethiopia (X tons) and Tanzania (X tons) were the main destinations of razor exports from Kenya, with a combined 76% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +52.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for razor exported from Kenya were Uganda ($X), Tanzania ($X) and Rwanda ($X), together comprising 86% of total exports.

Uganda, with a CAGR of +62.9%, saw 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

In 2021, the average razor export price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 68%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Uganda ($X per ton), while the average price for exports to Ethiopia ($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 Uganda (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Razor Imports

Imports into Kenya

In 2021, the amount of razors imported into Kenya surged to X tons, increasing by 108% on the previous year's figure. Over the period under review, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, razor imports skyrocketed to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of razor imports to Kenya, with a combined 43% share of total imports. China, Greece, India, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +63.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of razors to Kenya, comprising 30% of total imports. The second position in the ranking was held by Belgium ($X), with a 15% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.4% per year) and France (+4.4% per year).

Import Prices by Country

In 2021, the average razor import price amounted to $X per ton, shrinking by -33% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained 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 Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-4.2%), while the prices for the other major suppliers experienced a decline.

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, with a combined 46% share 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, together accounting for 48% of global production. These countries were followed by Pakistan, Russia, Poland, Germany, Brazil, Mexico, Japan, Vietnam, Saudi Arabia and South Korea, which together accounted for a further 35%.

What are the leading suppliers of razors to Kenya?

In value terms, Poland, Belgium and France appeared to be the largest razor suppliers to Kenya, together comprising 75% of total imports.

What are the leading importers of razors from Kenya?

In value terms, Uganda remains the key foreign market for razor exports from Kenya, comprising 52% of total exports. The second position in the ranking was occupied by Tanzania, with a 16% share of total exports. It was followed by Burundi, with a 12% share.

What is the average export price for razors in Kenya?

The average razor export price stood at $9,466 per ton in 2020, picking up by 37% against the previous year.

What is the average import price for razors in Kenya?

In 2020, the average razor import price amounted to $15,696 per ton, declining by -14% against the previous year.

This report provides an in-depth analysis of the razor market in Kenya. 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:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023