Mexico: Razor Market 2025

Razor Market Size in Mexico

After two years of decline, the Mexican razor market increased by 14% to $X in 2021. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.4% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Razor Production in Mexico

In value terms, razor production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 10%. Razor production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Razor Exports

Exports from Mexico

In 2021, shipments abroad of razors was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 31% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, razor exports expanded significantly to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 14%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for razor exports from Mexico, with a 97% share of total exports. It was followed by Colombia (X tons), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-19.9% per year) and Argentina (-37.6% per year).

In value terms, the United States ($X) remains the key foreign market for razors exports from Mexico, comprising 97% of total exports. The second position in the ranking was held by Colombia ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-18.8% per year) and Argentina (-36.7% per year).

Export Prices by Country

In 2021, the average razor export price amounted to $X per ton, increasing by 3.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Argentina ($X per ton), while the average price for exports to the United States ($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 Argentina (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Mexico

In 2021, the amount of razors imported into Mexico soared to X tons, jumping by 85% on 2020. Overall, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 108%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, razor imports expanded rapidly to $X in 2021. In general, imports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 58%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of razor imports to Mexico, together comprising 89% of total imports. These countries were followed by Greece, Vietnam and Poland, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +226.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of razors to Mexico, comprising 61% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.0% per year) and Germany (+48.8% per year).

Import Prices by Country

The average razor import price stood at $X per ton in 2021, with a decrease of -40.4% against the previous year. In general, the import price, however, saw a slight increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 149%. As a result, import price reached the peak level of $X per ton. From 2017 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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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