Report Update Mar 1, 2025

Nigeria - Razors - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Razor Market 2025

Razor Market Size in Nigeria

After two years of growth, the Nigerien razor market decreased by -35.7% to $X in 2021. Over the period under review, consumption recorded a noticeable decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Razor Exports

Exports from Nigeria

In 2021, exports of razors from Nigeria dropped rapidly to X kg, falling by -46.3% on the previous year. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 249% against the previous year. The exports peaked at X kg in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, razor exports declined significantly to $X in 2021. Overall, exports saw a noticeable setback. The growth pace was the most rapid in 2013 when exports increased by 318% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Cameroon (X kg) was the main destination for razor exports from Nigeria, accounting for a 72% share of total exports. Moreover, razor exports to Cameroon exceeded the volume sent to the second major destination, Benin (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cameroon stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+7.4% per year) and Tanzania (+16.7% per year).

In value terms, Cameroon ($X) remains the key foreign market for razors exports from Nigeria, comprising 54% of total exports. The second position in the ranking was held by Tanzania ($X), with a 25% share of total exports. It was followed by Benin, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cameroon amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+15.4% per year) and Benin (+7.5% per year).

Export Prices by Country

The average razor export price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the maximum 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 France ($X per ton), while the average price for exports to Benin ($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 France (+12.5%), while the prices for the other major destinations experienced a decline.

Razor Imports

Imports into Nigeria

In 2021, overseas purchases of razors decreased by -43.5% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports showed a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of 59% against the previous year. Imports peaked at X tons in 2020, and then reduced rapidly in the following year.

In value terms, razor imports shrank remarkably to $X in 2021. Overall, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of 111% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Vietnam (X tons) and France (X tons) were the main suppliers of razor imports to Nigeria, with a combined 41% share of total imports. Poland, Belgium, China and the United States lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +65.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), France ($X) and Poland ($X) appeared to be the largest razor suppliers to Nigeria, with a combined 38% share of total imports. These countries were followed by the United Arab Emirates, the United States, Belgium and China, which together accounted for a further 11%.

In terms of the main suppliers, the United States, with a CAGR of +56.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average razor import price amounted to $X per ton, surging by 26% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 57% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for razors in the world?

The countries with the highest volumes of razor consumption in 2020 were China, the United States and India, with a combined 46% share of global consumption.

What are the largest producers of razors in the world?

The countries with the highest volumes of razor production in 2020 were China, the United States and India, together comprising 48% of global production. These countries were followed by Pakistan, Russia, Poland, Germany, Brazil, Mexico, Japan, Vietnam, Saudi Arabia and South Korea, which together accounted for a further 35%.

What are the leading suppliers of razors to Nigeria?

In value terms, France, Poland and the United States appeared to be the largest razor suppliers to Nigeria, together accounting for 85% of total imports. China, the United Arab Emirates and Thailand lagged somewhat behind, together accounting for a further 11%.

What are the leading importers of razors from Nigeria?

In value terms, Benin emerged as the key foreign market for razor exports from Nigeria, comprising 63% of total exports. The second position in the ranking was occupied by Burkina Faso $347), with a 20% share of total exports.

What is the average export price for razors in Nigeria?

The average razor export price stood at $6,581 per ton in 2020, shrinking by -42.6% against the previous year.

What is the average import price for razors in Nigeria?

In 2020, the average razor import price amounted to $7,560 per ton, waning by -29.8% against the previous year.

This report provides an in-depth analysis of the razor market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25711230 - Razors, parts thereof (excluding razor blades)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024