Puerto Rico: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2022

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Puerto Rico

The Puerto Rican market for electric shavers, hair-removing appliances and hair clippers was estimated at less than $X in 2021, standing approx. at 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). In general, consumption saw a relatively flat trend pattern.

Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Exports by Country

China prevails in clippers structure, accounting for X units, which was near 63% of total exports in 2021. Germany (X units) ranks second in terms of the total exports with a 6.5% share, followed by the Netherlands (6.3%) and Indonesia (5.6%). The following exporters - Hungary (X units), Poland (X units), Hong Kong SAR (X units) and the Czech Republic (X units) - together made up 9.3% of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric shavers, hair-removing appliances and hair clippers exports from China stood at +7.8%. At the same time, Poland (+46.8%), Indonesia (+17.9%), the Netherlands (+13.8%), Hungary (+13.4%) and Germany (+7.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +46.8% from 2012-2021. By contrast, Hong Kong SAR (-13.0%) and the Czech Republic (-13.6%) illustrated a downward trend over the same period. While the share of Indonesia (+3.2 p.p.), Poland (+3 p.p.), the Netherlands (+2.6 p.p.), China (+2 p.p.) and Hungary (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the Czech Republic (-2 p.p.) and Hong Kong SAR (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric shavers, hair-removing appliances and hair clippers supplier from Puerto Rico, comprising 36% of global exports. The second position in the ranking was taken by Germany ($X), with a 14% share of global exports. It was followed by the Netherlands, with a 9.3% share.

In China, exports of electric shavers, hair-removing appliances and hair clippers increased at an average annual rate of +8.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+4.8% per year) and the Netherlands (+8.3% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, approximately mirroring the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Czech Republic ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.0%), while the other leaders experienced more modest paces of growth.

Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units), the Netherlands (X units), India (X units) and Hungary (X units) represented the major importers of electric shavers, hair-removing appliances and hair clippers, together constituting 46% of total imports. Russia (X units), the UK (X units), Brazil (X units), France (X units), the United Arab Emirates (X units), Poland (X units), Mexico (X units) and Italy (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electric shavers, hair-removing appliances and hair clippers imports into the United States stood at +3.1%. At the same time, India (+27.9%), Hungary (+27.0%), the Netherlands (+19.9%), Brazil (+12.3%), Germany (+12.1%), Italy (+7.5%), France (+5.3%), Russia (+4.8%), the United Arab Emirates (+4.3%), Poland (+3.5%), Mexico (+3.3%) and the UK (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +27.9% from 2012-2021. From 2012 to 2021, the share of the Netherlands, India, Hungary and Germany increased by +4.7, +4.5, +4.3 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric shavers, hair-removing appliances and hair clippers importing markets into Puerto Rico were Germany ($X), the United States ($X) and the Netherlands ($X), together comprising 32% of total imports. These countries were followed by Poland, France, Hungary, the UK, Russia, Italy, the United Arab Emirates, India, Mexico and Brazil, which together accounted for a further 30%.

India, with a CAGR of +21.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per thousand units), while India ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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