Norway: Razor Market 2025

Razor Market Size in Norway

The Norwegian razor market expanded to $X in 2021, picking up by 2.3% 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, however, recorded a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Razor Exports

Exports from Norway

Razor exports from Norway shrank to X tons in 2021, with a decrease of -3.8% against the year before. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 658% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, razor exports expanded markedly to $X in 2021. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 703% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for razor exports from Norway, accounting for a 80% share of total exports. Moreover, razor exports to Sweden exceeded the volume sent to the second major destination, Germany (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.9% per year) and Denmark (-39.0% per year).

In value terms, Sweden ($X) remains the key foreign market for razors exports from Norway, comprising 86% of total exports. The second position in the ranking was held by Denmark ($X), with a 7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-35.8% per year) and Germany (+20.8% per year).

Export Prices by Country

The average razor export price stood at $X per ton in 2021, growing by 16% against the previous year. In general, the export price posted a resilient expansion. The growth pace was the most rapid in 2014 when the average export price increased by 169% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Germany ($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 Sweden (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Norway

In 2021, overseas purchases of razors increased by 5.7% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 30%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, razor imports amounted to $X in 2021. Overall, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 19%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Poland (X tons) and Greece (X tons) were the main suppliers of razor imports to Norway, with a combined 59% share of total imports. The United States, Sweden, Mexico, Germany, South Korea, the UK and Denmark lagged somewhat behind, together accounting for a further 32%.

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 +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of razors to Norway, comprising 37% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by China, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-12.8% per year) and China (-0.8% per year).

Import Prices by Country

In 2021, the average razor import price amounted to $X per ton, reducing by -4.4% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 United States ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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