Malaysia: Shaving Preparations Market 2024

Shaving Preparations Market Size in Malaysia

In 2021, the Malaysian shaving preparations market decreased by -23% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a deep downturn. Shaving preparations consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Shaving Preparations Exports

Exports from Malaysia

In 2021, overseas shipments of pre-shave, shaving and after-shave preparations (excluding soap in blocks) decreased by -26.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by 121% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, shaving preparations exports fell notably to $X in 2021. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2015 with an increase of 111%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), the United States (X tons) and Singapore (X tons) were the main destinations of shaving preparations exports from Malaysia, together accounting for 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +8.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for shaving preparations exported from Malaysia were the Philippines ($X), Singapore ($X) and the United States ($X), with a combined 84% share of total exports.

The United States, with a CAGR of +6.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average shaving preparations export price stood at $X per ton in 2021, picking up by 8.1% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 106% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to the Philippines ($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 Pakistan (+69.6%), while the prices for the other major destinations experienced more modest paces of growth.

Shaving Preparations Imports

Imports into Malaysia

In 2021, supplies from abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) decreased by -13.5% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 44% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, shaving preparations imports fell remarkably to $X in 2021. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 38% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of shaving preparations to Malaysia, accounting for a 54% share of total imports. Moreover, shaving preparations imports from Thailand exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fivefold. Australia (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+27.8% per year) and Australia (-1.8% per year).

In value terms, Thailand ($X) constituted the largest supplier of pre-shave, shaving and after-shave preparations (excluding soap in blocks) to Malaysia, comprising 47% of total imports. The second position in the ranking was held by Australia ($X), with a 14% share of total imports. It was followed by Hong Kong SAR, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-9.7% per year) and Hong Kong SAR (+25.4% per year).

Import Prices by Country

In 2021, the average shaving preparations import price amounted to $X per ton, falling by -16.2% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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