Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Indonesia - 2022

Contents:

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

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

In 2022, the average import price for razors and razor blades; (including razor blade blanks in strips)s amounted to $6.1 per unit, declining by -13% against the previous year. Overall, the import price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 an increase of 72% against the previous year. As a result, import price reached the peak level of $18 per unit. From 2018 to 2022, the average 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 Hong Kong SAR ($15 per unit), while the price for China ($6.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for razors and razor blades; (including razor blade blanks in strips)s amounted to $1.3 per unit, reducing by -19.3% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices reached the maximum at $2.7 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($4.8 per unit), while the average price for exports to Zambia ($167 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 Singapore (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Indonesia

Imports of razors and razor blades; (including razor blade blanks in strips)s into Indonesia soared to 5.9M units in 2022, increasing by 24% against 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.7% 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 +75.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of razors and razor blades; (including razor blade blanks in strips)s amounted to $36M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 9.1% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Vietnam (3162.4K units)
2. China (1568.0K units)
3. Poland (374.0K units)
4. India (341.7K units)
5. Germany (222.1K units)
6. Mexico (92.5K units)
7. Czech Republic (0.1K units)

Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Indonesia

After three years of growth, shipments abroad of razors and razor blades; (including razor blade blanks in strips)s decreased by -58.1% to 144K units in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 133% against the previous year. The exports peaked at 345K units in 2021, and then reduced rapidly in the following year.

In value terms, exports of razors and razor blades; (including razor blade blanks in strips)s dropped notably to $187K in 2022. In general, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 with an increase of 113%. As a result, the exports attained the peak of $554K, and then dropped remarkably in the following year.

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

1. United Kingdom (96.8K units)
2. Poland (9.0K units)
3. Vietnam (8.2K units)
4. Czech Republic (4.2K units)
5. Singapore (3.4K units)
6. Bangladesh (3.4K units)
7. United Arab Emirates (2.7K units)
8. Germany (2.2K units)
9. Brunei Darussalam (1.6K units)

Source: IndexBox Market Intelligence Platform