Vietnam: Razor Market 2025

Razor Market Size in Vietnam

The Vietnamese razor market dropped remarkably to $X in 2021, which is down by -36% against the previous year. Over the period under review, consumption recorded a pronounced descent. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Razor Production in Vietnam

In value terms, razor production declined to $X in 2021 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 +54.6% against 2013 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 40%. As a result, production reached the peak level of $X, and then fell in the following year.

Razor Exports

Exports from Vietnam

In 2021, the amount of razors exported from Vietnam surged to X tons, jumping by 32% compared with the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 44% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, razor exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 60%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for razor exports from Vietnam, accounting for a 28% share of total exports. Moreover, razor exports to the United Arab Emirates exceeded the volume sent to the second major destination, Japan (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+16.8% per year) and the United States (+24.4% per year).

In value terms, the United Arab Emirates ($X), Japan ($X) and the United States ($X) were the largest markets for razor exported from Vietnam worldwide, with a combined 32% share of total exports. These countries were followed by South Korea, Australia, Indonesia, Spain, the Netherlands, Belgium, Singapore, the Philippines, Thailand and Turkey, which together accounted for a further 49%.

Indonesia, with a CAGR of +104.5%, saw the highest growth rate of the value of exports, in terms of 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 razor export price stood at $X per ton in 2021, picking up by 4.5% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, razor export price increased by +86.2% against 2014 indices. The most prominent rate of growth was recorded in 2020 an increase of 29%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Vietnam

In 2021, supplies from abroad of razors decreased by -8.6% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 120% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, razor imports amounted to $X in 2021. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 130%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of razor imports to Vietnam, together comprising 66% of total imports. These countries were followed by Greece, Mexico, South Korea and the United States, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +80.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Greece ($X) appeared to be the largest razor suppliers to Vietnam, with a combined 71% share of total imports. These countries were followed by South Korea, Mexico, the United Arab Emirates and the United States, which together accounted for a further 26%.

In terms of the main suppliers, Mexico, with a CAGR of +77.0%, recorded the highest growth rate of 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 average razor import price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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