Republic of Korea: 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 Republic of Korea

The South Korean market for hair brushes and shaving and toilet brushes for personal use rose remarkably to $X in 2022, growing by 7.6% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.9% against 2020 indices. Hair, shaving and toilet brush consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Hair Brushes And Shaving And Toilet Brushes For Personal Use in Republic of Korea

In value terms, hair, shaving and toilet brush production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.1% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 33%. Hair, shaving and toilet brush production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Republic of Korea

Hair, shaving and toilet brush exports from South Korea declined slightly to X units in 2022, reducing by -4.7% compared with 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair, shaving and toilet brush exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units), Belgium (X units) and Japan (X units) were the main destinations of hair, shaving and toilet brush exports from South Korea, with a combined 66% 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 Belgium (with a CAGR of +13.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Japan ($X) constituted the largest markets for hair, shaving and toilet brush exported from South Korea worldwide, together accounting for 66% of total exports.

Belgium, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for hair brushes and shaving and toilet brushes for personal use amounted to $X per unit, increasing by 21% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 26% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per unit) and Australia ($X per unit), while the average price for exports to France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+8.2%), 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 Republic of Korea

In 2022, purchases abroad of hair brushes and shaving and toilet brushes for personal use was finally on the rise to reach X units after three years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hair, shaving and toilet brush imports rose notably to $X in 2022. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 36%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest hair, shaving and toilet brush supplier to South Korea, with a 85% share of total imports. Moreover, hair, shaving and toilet brush imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was held by Indonesia (X units), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+48.1% per year) and Indonesia (+25.1% per year).

In value terms, China ($X) constituted the largest supplier of hair brushes and shaving and toilet brushes for personal use to South Korea, comprising 85% of total imports. The second position in the ranking was held by Malaysia ($X), with a 4.7% share of total imports. It was followed by Indonesia, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+55.7% per year) and Indonesia (+31.4% per year).

Import Prices by Country

The average import price for hair brushes and shaving and toilet brushes for personal use stood at $X per unit in 2022, which is down by -21.1% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 21%. The import price peaked at $X per unit in 2021, and then dropped remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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