Overview of the Global Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers

The global market for electric shavers, hair-removing appliances and hair clippers reduced slightly to $X in 2022, flattening at the previous year. Overall, consumption saw a relatively flat trend pattern. Global consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Electric Shavers, Hair-Removing Appliances And Hair Clippers

In value terms, production of electric shavers, hair-removing appliances and hair clippers declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 26%. Global production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Exports

In 2022, overseas shipments of electric shavers, hair-removing appliances and hair clippers decreased by -12.9% to X units, falling for the second year in a row after four years of growth. Over the period under review, exports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of 123% against the previous year. Over the period under review, the global exports of reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers reduced to $X in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Over the period under review, the global exports of hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

China dominates clippers structure, resulting at X units, which was near 70% of total exports in 2022. Germany (X units) ranks second in terms of the total exports with a 6.8% share, followed by the Netherlands (5%). The following exporters - Poland (X units), Hungary (X units), Indonesia (X units) and the United States (X units) - together made up 9.9% of total exports.

Exports from China increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Indonesia (+45.7%), Poland (+39.4%), the Netherlands (+7.6%), Hungary (+6.7%), Germany (+5.0%) and the United States (+3.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +45.7% from 2012-2022. While the share of China (+7.9 p.p.), Poland (+3.2 p.p.) and Indonesia (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric shavers, hair-removing appliances and hair clippers supplier worldwide, comprising 39% of global exports. The second position in the ranking was taken by Germany ($X), with a 14% share of global exports. It was followed by the Netherlands, with an 11% share.

In China, exports of electric shavers, hair-removing appliances and hair clippers expanded at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+2.5% per year) and the Netherlands (+7.8% per year).

Export Prices by Country

The average export price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 83%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.0%), while the other global leaders experienced more modest paces of growth.

Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Imports

In 2022, overseas purchases of electric shavers, hair-removing appliances and hair clippers decreased by -12.8% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. Global imports peaked at X units in 2021, and then contracted in the following year.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers contracted to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 9.7%. Over the period under review, global imports of hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units), India (X units) and the Netherlands (X units) represented the largest importers of electric shavers, hair-removing appliances and hair clippers, together mixing up 38% of total imports. Hungary (X units), the United Arab Emirates (X units), Poland (X units), the UK (X units), Russia (X units), Brazil (X units), France (X units), Mexico (X units) and Japan (X units) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +1.3% from 2012 to 2022. At the same time, India (+23.1%), Hungary (+19.3%), the Netherlands (+11.9%), Germany (+9.5%), Brazil (+8.9%), Poland (+6.7%), the United Arab Emirates (+6.5%), France (+2.6%), Russia (+2.4%) and Mexico (+2.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +23.1% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Japan (-2.2%) illustrated a downward trend over the same period. While the share of India (+4.6 p.p.), Germany (+3.7 p.p.), Hungary (+3.1 p.p.) and the Netherlands (+2.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Japan (-2 p.p.) and the United States (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric shavers, hair-removing appliances and hair clippers importing markets worldwide were Germany ($X), the United States ($X) and the Netherlands ($X), together comprising 33% of global imports. Hungary, France, Japan, Poland, the UK, the United Arab Emirates, Russia, Mexico, India and Brazil lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, Hungary, with a CAGR of +17.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, with an increase of 2% against 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 2014 when the average import price increased by 4.8%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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