Price for Shavers; with Self-Contained Electric Motor in Thailand - 2023

Price for Shavers; with Self-Contained Electric Motor in Thailand (FOB) - 2023

The average export price for shavers; with self-contained electric motors stood at $10.8 per unit in September 2023, shrinking by -5.8% against the previous month. In general, the export price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in December 2022 an increase of 92% m-o-m. As a result, the export price attained the peak level of $13.0 per unit. From January 2023 to September 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($15.7 per unit), while the average price for exports to Singapore ($3.8 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Shavers; with Self-Contained Electric Motor in Thailand (CIF) - 2023

In September 2023, the average import price for shavers; with self-contained electric motors amounted to $2.3 per unit, falling by -78% against the previous month. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 952% m-o-m. As a result, import price attained the peak level of $19.8 per unit. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -9.3% per month.

Exports of Shavers; with Self-Contained Electric Motor in Thailand

For the fourth consecutive year, Thailand recorded growth in shipments abroad of shavers; with self-contained electric motors, which increased by 46% to 961K units in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 174%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, shavers; with self-contained electric motor exports skyrocketed to $9.8M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 261% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Shavers; with Self-Contained Electric Motor in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	66.5	431	524	5,756	342.4%
Japan	10.5	21.4	3,045	3,046	562.0%
Russia	13.4	162	357	142	119.6%
Vietnam	74.3	58.3	72.3	115	15.7%
Hong Kong SAR	98.5	150	170	87.9	-3.7%
Singapore	62.6	82.3	13.8	86.4	11.3%
Malaysia	69.0	50.6	72.7	75.9	3.2%
United Arab Emirates	378	448	45.9	55.7	-47.2%
Taiwan (Chinese)	43.2	60.5	54.5	51.1	5.8%
Others	218	2,270	770	339	15.9%
Total	1,034	3,733	5,126	9,754	111.3%

Top Export Markets for Shavers; with Self-Contained Electric Motor from Thailand in 2022:

Japan (404.3K units)
United States (379.1K units)
Russia (28.3K units)
Vietnam (24.9K units)
Singapore (23.9K units)
Hong Kong SAR (22.3K units)
Malaysia (16.2K units)
Taiwan (Chinese) (13.2K units)
United Arab Emirates (8.9K units)

Imports of Shavers; with Self-Contained Electric Motor in Thailand

In 2022, the amount of shavers; with self-contained electric motors imported into Thailand skyrocketed to 1.5M units, with an increase of 258% compared with 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 307% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, shavers; with self-contained electric motor imports rose significantly to $2.7M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 85% against the previous year. As a result, imports attained the peak of $5.2M. From 2021 to 2022, the growth of imports failed to regain momentum.