South-Eastern Asia: Safety Razor Blade Market 2024

Safety Razor Blade Market Size in South-Eastern Asia

In 2023, the Southeast Asian safety razor blade market was finally on the rise to reach $X after six years of decline. Overall, consumption, however, recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Safety Razor Blade Production in South-Eastern Asia

In value terms, safety razor blade production shrank slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Safety Razor Blade Exports

Exports in South-Eastern Asia

After seven years of growth, shipments abroad of safety razor blades decreased by X% to X units in 2023. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked at X units in 2022, and then reduced in the following year.

In value terms, safety razor blade exports contracted to $X in 2023. Total exports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Vietnam prevails in exports structure, reaching X units, which was approx. X% of total exports in 2023. It was distantly followed by Singapore (X units), mixing up a X% share of total exports.

Vietnam was also the fastest-growing in terms of the safety razor blades exports, with a CAGR of X% from 2012 to 2023. Singapore (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest safety razor blade supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

In Vietnam, safety razor blade exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Safety Razor Blade Imports

Imports in South-Eastern Asia

In 2023, approx. X units of safety razor blades were imported in South-Eastern Asia; rising by X% compared with the previous year's figure. Over the period under review, imports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, safety razor blade imports declined to $X in 2023. Overall, imports, however, recorded a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Vietnam (X units) and Thailand (X units) were the main importers of safety razor blades in 2023, accounting for near X% and X% of total imports, respectively. Indonesia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%). Malaysia (X units) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X) constitutes the largest market for imported safety razor blades in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, safety razor blade imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform