Singapore: Safety Razor Blade Market 2025

Safety Razor Blade Market Size in Singapore

The Singaporean safety razor blade market declined to $X in 2021, falling by -7.7% against the previous year. Over the period under review, consumption showed a resilient increase. Safety razor blade consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Safety Razor Blade Production in Singapore

In value terms, safety razor blade production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.5% against 2012 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell slightly in the following year.

Safety Razor Blade Exports

Exports from Singapore

For the third consecutive year, Singapore recorded decline in overseas shipments of safety razor blades, which decreased by -30% to X units in 2021. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 46% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, safety razor blade exports declined markedly to $X in 2021. Overall, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Nepal (X units) and the Netherlands (X units) were the main destinations of safety razor blade exports from Singapore, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +17.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Nepal ($X) and the Netherlands ($X) appeared to be the largest markets for safety razor blade exported from Singapore worldwide, together accounting for 77% of total exports.

In terms of the main countries of destination, India, with a CAGR of +26.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Safety Razor Blade Imports

Imports into Singapore

In 2021, after three years of growth, there was significant decline in purchases abroad of safety razor blades, when their volume decreased by -18.2% to X units. Over the period under review, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 107%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, safety razor blade imports declined rapidly to $X in 2021. In general, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 112%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X units), the United Arab Emirates (X units) and Germany (X units) were the main suppliers of safety razor blade imports to Singapore, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the United Arab Emirates ($X) appeared to be the largest safety razor blade suppliers to Singapore, together comprising 81% of total imports.

Poland, with a CAGR of +32.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety razor blade import price stood at $X per unit in 2021, reducing by -13.2% against the previous year. In general, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 7.5% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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