Malaysia: Razor Market 2025

Razor Market Size in Malaysia

In 2021, after two years of growth, there was decline in the Malaysian razor market, when its value decreased by -2.5% to $X. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Razor Production in Malaysia

In value terms, razor production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Razor Exports

Exports from Malaysia

In 2021, exports of razors from Malaysia dropped markedly to X tons, waning by -51.1% against the previous year's figure. Overall, exports showed a dramatic decline. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, razor exports shrank rapidly to $X in 2021. In general, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 23%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for razor exports from Malaysia, with a 57% share of total exports. Moreover, razor exports to Brunei Darussalam exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold. The third position in this ranking was held by Singapore (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brunei Darussalam totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-21.2% per year) and Singapore (-21.9% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for razors exports from Malaysia, comprising 60% of total exports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total exports. It was followed by Singapore, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brunei Darussalam totaled +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-19.8% per year) and Singapore (-18.5% per year).

Export Prices by Country

The average razor export price stood at $X per ton in 2021, growing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 38%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Indonesia ($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 Thailand (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Malaysia

In 2021, supplies from abroad of razors increased by 5.7% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 51% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, razor imports expanded to $X in 2021. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 34%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest razor supplier to Malaysia, with a 46% share of total imports. Moreover, razor imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Hong Kong SAR (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam stood at +62.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.6% per year) and Hong Kong SAR (+6.6% per year).

In value terms, Vietnam ($X) constituted the largest supplier of razors to Malaysia, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Hong Kong SAR, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam amounted to +62.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.4% per year) and Hong Kong SAR (+13.6% per year).

Import Prices by Country

In 2021, the average razor import price amounted to $X per ton, which is down by -3.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 10%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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