Vietnam: 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 Vietnam

The Vietnamese market for hair brushes and shaving and toilet brushes for personal use rose modestly to $X in 2022, picking up by 4.4% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Hair Brushes And Shaving And Toilet Brushes For Personal Use in Vietnam

In value terms, hair, shaving and toilet brush production expanded markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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

Exports from Vietnam

After two years of decline, overseas shipments of hair brushes and shaving and toilet brushes for personal use increased by 12% to X units in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 89% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair, shaving and toilet brush exports declined to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by +6.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 60% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for hair, shaving and toilet brush exports from Vietnam, accounting for a 40% share of total exports. Moreover, hair, shaving and toilet brush exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Japan (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+60.3% per year) and Japan (+8.8% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) constituted the largest markets for hair, shaving and toilet brush exported from Vietnam worldwide, together accounting for 64% of total exports. Brazil, Germany, the Netherlands, India and Colombia lagged somewhat behind, together comprising a further 29%.

Germany, with a CAGR of +97.0%, recorded 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

The average export price for hair brushes and shaving and toilet brushes for personal use stood at $X per unit in 2022, which is down by -15.4% against the previous year. In general, the export price, however, showed a temperate expansion. The growth pace was the most rapid in 2013 an increase of 99% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+14.2%), 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 Vietnam

In 2022, overseas purchases of hair brushes and shaving and toilet brushes for personal use were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 71%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hair, shaving and toilet brush imports expanded notably to $X in 2022. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hair, shaving and toilet brush supplier to Vietnam, with a 71% share of total imports. Moreover, hair, shaving and toilet brush imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. The third position in this ranking was held by South Korea (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-15.8% per year) and South Korea (-0.2% per year).

In value terms, China ($X) constituted the largest supplier of hair brushes and shaving and toilet brushes for personal use to Vietnam, comprising 67% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.9% per year) and South Korea (+15.9% 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, with a decrease of -8.8% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :