Kenya: Safety Razor Blade Market 2024

Safety Razor Blade Market Size in Kenya

The Kenyan safety razor blade market soared to $X in 2021, growing by 296% 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 saw a prominent expansion. Safety razor blade consumption peaked in 2021 and is expected to retain growth in the immediate term.

Safety Razor Blade Exports

Exports from Kenya

In 2021, overseas shipments of safety razor blades were finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 514% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, safety razor blade exports surged to $X in 2021. Over the period under review, exports, however, saw a pronounced reduction. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X units), Democratic Republic of the Congo (X units) and South Sudan (X units) were the main destinations of safety razor blade exports from Kenya, with a combined 83% share of total exports. These countries were followed by Somalia, Uganda and Burundi, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Somalia (with a CAGR of +43.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) remains the key foreign market for safety razor blades exports from Kenya, comprising 75% of total exports. The second position in the ranking was taken by Somalia ($X), with a 20% share of total exports. It was followed by Uganda, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania totaled +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (-6.4% per year) and Uganda (-23.9% per year).

Export Prices by Country

The average safety razor blade export price stood at $X per thousand units in 2021, increasing by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 107% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per thousand units in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Somalia ($X per thousand units), while the average price for exports to Democratic Republic of the Congo ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-2.1%), while the prices for the other major destinations experienced a decline.

Safety Razor Blade Imports

Imports into Kenya

In 2021, approx. X units of safety razor blades were imported into Kenya; increasing by 318% against the previous year. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety razor blade imports skyrocketed to $X in 2021. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 430% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, France (X units) constituted the largest supplier of safety razor blade to Kenya, with a 67% share of total imports. Moreover, safety razor blade imports from France exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. China (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.4% per year) and China (+14.7% per year).

In value terms, France ($X) constituted the largest supplier of safety razor blades to Kenya, comprising 64% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 7.1% share of total imports. It was followed by Vietnam, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+9.1% per year) and Vietnam (+57.4% per year).

Import Prices by Country

In 2021, the average safety razor blade import price amounted to $X per unit, shrinking by -10.8% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 48%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for the United Arab Emirates (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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