Southern Asia: Shaving Preparations Market 2024

Shaving Preparations Market Size in Southern Asia

In 2021, after nine years of growth, there was decline in the South Asian shaving preparations market, when its value decreased by -3.2% to $X. In general, consumption posted a buoyant increase. The level of consumption peaked at $X in 2020, and then reduced slightly in the following year.

Shaving Preparations Production in Southern Asia

In value terms, shaving preparations production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 44%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank slightly in the following year.

Shaving Preparations Exports

Exports in Southern Asia

In 2021, overseas shipments of pre-shave, shaving and after-shave preparations (excluding soap in blocks) increased by 43% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, saw a abrupt setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, shaving preparations exports surged to $X in 2021. Overall, exports, however, showed a perceptible contraction. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, accounting for X tons, which was near 97% of total exports in 2021. Bangladesh (X tons) held a relatively small share of total exports.

Exports from India decreased at an average annual rate of -8.5% from 2012 to 2021. At the same time, Bangladesh (+8.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +8.3% from 2012-2021. While the share of India (-2.2 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest shaving preparations supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to -4.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, shrinking by -10.1% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shaving preparations export price increased by +10.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when the export price increased by 23% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Bangladesh totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.7%).

Shaving Preparations Imports

Imports in Southern Asia

In 2021, imports of pre-shave, shaving and after-shave preparations (excluding soap in blocks) in Southern Asia declined to X tons, dropping by -6.5% on the previous year. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, shaving preparations imports surged to $X in 2021. In general, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of pre-shave, shaving and after-shave preparations (excluding soap in blocks), namely Bangladesh, India and Pakistan, represented more than two-thirds of total import. Nepal (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (7%). Afghanistan (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nepal (with a CAGR of +2.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, India ($X), Bangladesh ($X) and Nepal ($X) were the countries with the highest levels of imports in 2021, together comprising 79% of total imports.

In terms of the main importing countries, Nepal, with a CAGR of +4.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 23% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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