Kuwait: Razor Market 2025

Razor Market Size in Kuwait

The Kuwaiti razor market skyrocketed to $X in 2021, with an increase of 15% 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). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Razor Exports

Exports from Kuwait

In 2021, the amount of razors exported from Kuwait declined to X tons, dropping by -8.2% on the previous year. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 833% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, razor exports dropped slightly to $X in 2021. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 863% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Jordan (X tons) and the United Arab Emirates (X tons) were the main destinations of razor exports from Kuwait, together comprising 84% of total exports.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +40.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for razor exported from Kuwait were Saudi Arabia ($X), the United Arab Emirates ($X) and Iran ($X), together comprising 90% of total exports.

Iran, with a CAGR of +35.7%, saw the highest rates of growth with regard to 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, growing by 8.5% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, razor export price increased by +45.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 43%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Iran ($X per ton), while the average price for exports to Jordan ($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 Iran (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Kuwait

In 2021, the amount of razors imported into Kuwait rose remarkably to X tons, with an increase of 14% on the previous year's figure. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 33%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, razor imports expanded significantly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 22%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and the United States (X tons) were the main suppliers of razor imports to Kuwait, together comprising 77% of total imports. These countries were followed by Russia, Brazil, Mexico, Egypt, India and the United Arab Emirates, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +82.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of razors to Kuwait, comprising 65% of total imports. The second position in the ranking was taken by China ($X), with a 9% share of total imports. It was followed by the United States, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and the United States (+4.0% per year).

Import Prices by Country

The average razor import price stood at $X per ton in 2021, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 9.2% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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