Vietnam: Razor Market 2024

Razor Market Size in Vietnam

The Vietnamese razor market fell to $X in 2022, shrinking by X% against the previous year. Overall, consumption recorded a sharp reduction. Razor consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Razor Production in Vietnam

In value terms, razor production rose markedly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Razor Exports

Exports from Vietnam

In 2022, approx. X units of razors were exported from Vietnam; growing by X% against 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, razor exports expanded sharply to $X in 2022. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

South Korea (X units), Australia (X units) and the United States (X units) were the main destinations of razor exports from Vietnam, together accounting for X% of total exports. Japan, the Netherlands, Indonesia, the United Arab Emirates, Spain, the Philippines, India, Thailand, Belgium and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Korea ($X) and Japan ($X) constituted the largest markets for razor exported from Vietnam worldwide, with a combined X% share of total exports. The United States, the Netherlands, Indonesia, the United Arab Emirates, Spain, the Philippines, India, Thailand, Belgium and Singapore lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average razor export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a perceptible contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per unit) and Indonesia ($X per unit), while the average price for exports to the United States ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Vietnam

In 2022, approx. X units of razors were imported into Vietnam; rising by X% compared with 2021 figures. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, razor imports soared to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and South Korea (X units) were the main suppliers of razor imports to Vietnam, together accounting for X% of total imports. Greece and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Greece ($X) appeared to be the largest razor suppliers to Vietnam, together accounting for X% of total imports. South Korea and Mexico lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers 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 unit in 2022, leveling off at the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :