South-Eastern Asia: Razor Market 2025

Razor Market Size in South-Eastern Asia

In 2021, the Southeast Asian razor market decreased by -15.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Razor Production in South-Eastern Asia

In value terms, razor production shrank to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.7% against 2014 indices. The pace of growth was the most pronounced in 2020 with an increase of 22%. As a result, production attained the peak level of $X, and then contracted in the following year.

Razor Exports

Exports in South-Eastern Asia

Razor exports surged to X tons in 2021, picking up by 32% compared with the year before. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, razor exports soared to $X in 2021. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam dominates exports structure, recording X tons, which was near 90% of total exports in 2021. It was distantly followed by Singapore (X tons), achieving an 8% share of total exports. Thailand (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to razor exports from Vietnam stood at +21.8%. At the same time, Thailand (+22.6%) and Singapore (+11.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +22.6% from 2012-2021. From 2012 to 2021, the share of Vietnam increased by +42 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest razor supplier in South-Eastern Asia, comprising 89% of total exports. The second position in the ranking was taken by Singapore ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at +23.1%. In the other countries, the average annual rates were as follows: Singapore (+11.5% per year) and Thailand (+8.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 1.8% against the previous year. Over the period under review, the export price, however, showed a mild slump. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.1%), while the other leaders experienced a decline in the export price figures.

Razor Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of razors increased by 9.6% to X tons for the first time since 2016, thus ending a four-year declining trend. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 52%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, razor imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 45%. 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

In 2021, Indonesia (X tons), Singapore (X tons) and Vietnam (X tons) represented the major importer of razors in South-Eastern Asia, creating 65% of total import. Thailand (X tons) held the next position in the ranking, followed by the Philippines (X tons) and Malaysia (X tons). All these countries together took near 30% share of total imports. Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 66% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 5%. Over the period under review, import prices hit record highs at $X per ton in 2020, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and the Philippines ($X per ton), while Indonesia ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :