Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR - 2024

Contents:

1. Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR (FOB) - 2022
2. Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR (CIF) - 2022
3. Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR
4. Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR

Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for razors and razor blades; (including razor blade blanks in strips)s amounted to $1.6 per unit, growing by 30% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for razors and razor blades; (including razor blade blanks in strips)s increased by +65.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 55%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($4 per unit), while the average price for exports to Malaysia ($410 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR (CIF) - 2022

The average import price for razors and razor blades; (including razor blade blanks in strips)s stood at $328 per thousand units in 2022, waning by -21% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The import price peaked at $2.8 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($497 per thousand units), while the price for Singapore ($100 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR

After three years of growth, shipments abroad of razors and razor blades; (including razor blade blanks in strips)s decreased by -75.7% to 27M units in 2022. Over the period under review, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. As a result, the exports reached the peak of 112M units, and then shrank rapidly in the following year.

In value terms, exports of razors and razor blades; (including razor blade blanks in strips)s contracted dramatically to $44M in 2022. In general, exports recorded a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year. As a result, the exports reached the peak of $139M, and then contracted dramatically in the following year.

Top Export Markets for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) from Hong Kong SAR in 2022:

1. China (15.0M units)
2. Mexico (5.3M units)
3. Japan (1.8M units)
4. Taiwan (Chinese) (1.4M units)
5. United States (0.5M units)
6. Philippines (0.4M units)
7. New Zealand (0.3M units)
8. Poland (0.1M units)

Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Hong Kong SAR

After three years of growth, overseas purchases of razors and razor blades; (including razor blade blanks in strips)s decreased by -53.9% to 111M units in 2022. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. Over the period under review, imports of hit record highs at 242M units in 2021, and then contracted sharply in the following year.

In value terms, imports of razors and razor blades; (including razor blade blanks in strips)s shrank dramatically to $37M in 2022. Over the period under review, imports recorded a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 29%. Imports peaked at $101M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) to Hong Kong SAR in 2022:

1. Singapore (24.1M units)
2. China (21.4M units)
3. Netherlands (13.7M units)
4. Japan (11.8M units)
5. Austria (9.8M units)
6. India (9.7M units)
7. Germany (6.3M units)
8. Vietnam (5.9M units)
9. Belgium (3.5M units)
10. United States (2.6M units)

Source: IndexBox Market Intelligence Platform