Philippines: Market for Hair Brushes And Shaving And Toilet Brushes For Personal Use 2024

Market Size for Hair Brushes And Shaving And Toilet Brushes For Personal Use in the Philippines

In 2022, the Philippine market for hair brushes and shaving and toilet brushes for personal use increased by 3.4% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Hair Brushes And Shaving And Toilet Brushes For Personal Use

Exports from the Philippines

Hair, shaving and toilet brush exports from the Philippines rose remarkably to X units in 2022, picking up by 11% compared with the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,289%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, hair, shaving and toilet brush exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 2,328%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Northern Mariana Islands (X units), Japan (X units) and the UK (X units) were the main destinations of hair, shaving and toilet brush exports from the Philippines, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hair, shaving and toilet brush exported from the Philippines were Japan ($X), the UK ($X) and Northern Mariana Islands ($X), together accounting for 84% of total exports.

Among the main countries of destination, the UK, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for hair brushes and shaving and toilet brushes for personal use stood at $X per unit in 2022, waning by -42.4% against the previous year. Overall, the export price, however, posted a measured increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Northern Mariana Islands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Brushes And Shaving And Toilet Brushes For Personal Use

Imports into the Philippines

In 2022, purchases abroad of hair brushes and shaving and toilet brushes for personal use increased by 26% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, hair, shaving and toilet brush imports contracted markedly to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 62% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest hair, shaving and toilet brush supplier to the Philippines, with a 87% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.7% share of total imports. The third position in this ranking was held by Thailand (X units), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-18.9% per year) and Thailand (-15.1% per year).

In value terms, China ($X) constituted the largest supplier of hair brushes and shaving and toilet brushes for personal use to the Philippines, comprising 79% of total imports. The second position in the ranking was held by Singapore ($X), with a 4.4% share of total imports. It was followed by India, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+30.6% per year) and India (+21.2% per year).

Import Prices by Country

In 2022, the average import price for hair brushes and shaving and toilet brushes for personal use amounted to $X per unit, reducing by -33.3% against the previous year. Over the period under review, the import price, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 262% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :