Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India - 2024
Contents:
- Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India (FOB) - 2024
- Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India (CIF) - 2022
- Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India
- Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India
Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India (FOB) - 2024
In March 2024, the average export price for razors and razor blades; (including razor blade blanks in strips)s amounted to $410 per thousand units, rising by 59% against the previous month. Overall, export price indicated a tangible increase from April 2023 to March 2024: its price increased at an average monthly rate of +4.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for razors and razor blades; (including razor blade blanks in strips)s increased by +71.5% against November 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 61% m-o-m. Over the period under review, the average export prices hit record highs in March 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($284 per thousand units), while the average price for exports to Nigeria ($182 per thousand units) was amongst the lowest.
From April 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.4%), 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 India (CIF) - 2022
In 2022, the average import price for razors and razor blades; (including razor blade blanks in strips)s amounted to $696 per thousand units, declining by -11.2% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 a decrease of -7%. The import price peaked at $4.7 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($696 per thousand units) and Poland ($696 per thousand units), while the price for Hong Kong SAR ($695 per thousand units) and China ($696 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (-17.3%), while the prices for the other major suppliers experienced a decline.
Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India
In 2022, shipments abroad of razors and razor blades; (including razor blade blanks in strips)s decreased by -7.1% to 58M units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 85M units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of razors and razor blades; (including razor blade blanks in strips)s dropped to $74M in 2022. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports of attained the peak figure at $87M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 35.6 | 22.1 | 29.9 | 20.5 | -16.8% |
| Bangladesh | 6.9 | 5.9 | 7.2 | 8.6 | 7.6% |
| Netherlands | 4.2 | 3.0 | 3.5 | 4.7 | 3.8% |
| United States | 3.7 | 2.1 | 3.0 | 4.1 | 3.5% |
| Vietnam | 0.4 | 0.6 | 0.5 | 2.9 | 93.5% |
| Sudan | 2.3 | 3.2 | 3.9 | 1.9 | -6.2% |
| Singapore | 1.5 | 1.2 | 1.1 | 1.8 | 6.3% |
| Nigeria | 1.0 | 3.3 | 3.7 | 1.8 | 21.6% |
| South Africa | 2.9 | 1.9 | 2.7 | 1.6 | -18.0% |
| United Kingdom | 1.7 | 1.5 | 1.6 | 1.3 | -8.6% |
| Pakistan | 0.8 | 0.1 | 0.2 | 1.2 | 14.5% |
| Indonesia | 0.2 | 0.1 | 0.2 | 1.2 | 81.7% |
| Nepal | 1.7 | 1.5 | 1.9 | 1.2 | -11.0% |
| Others | 23.6 | 19.3 | 27.1 | 21.0 | -3.8% |
| Total | 86.5 | 66.0 | 86.5 | 74.0 | -5.1% |
Top Export Markets for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) from India in 2022:
- United Arab Emirates (16.1M units)
- Bangladesh (6.8M units)
- Netherlands (3.7M units)
- United States (3.2M units)
- Vietnam (2.3M units)
- Sudan (1.6M units)
- Singapore (1.5M units)
- Nigeria (1.4M units)
- South Africa (1.3M units)
- Pakistan (1.1M units)
- Indonesia (1.0M units)
- United Kingdom (1.0M units)
- Nepal (0.9M units)
Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India
In 2022, imports of razors and razor blades; (including razor blade blanks in strips)s into India soared to 85M units, growing by 16% on the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of razors and razor blades; (including razor blade blanks in strips)s rose modestly to $59M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 17.6 | 20.2 | 27.5 | 29.9 | 19.3% |
| Poland | 17.6 | 12.2 | 15.9 | 16.1 | -2.9% |
| China | 12.9 | 6.6 | 8.9 | 10.2 | -7.5% |
| Sri Lanka | 0.6 | 1.5 | 0.7 | 1.4 | 32.6% |
| Hong Kong SAR | 2.8 | 1.9 | 2.4 | N/A | -7.4% |
| Others | 1.2 | 3.1 | 1.7 | 1.4 | 5.3% |
| Total | 52.8 | 45.5 | 57.1 | 59.0 | 3.8% |
Top Suppliers of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) to India in 2022:
- Vietnam (43.0M units)
- Poland (23.1M units)
- China (14.7M units)
- Sri Lanka (2.0M units)
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