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

Contents:

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

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

In 2022, the average import price for razors and razor blades; (including razor blade blanks in strips)s amounted to $2.1 per unit, approximately reflecting the previous year. In general, the import price, however, faced a sharp shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76%. Over the period under review, average import prices attained the maximum at $43 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Vietnam ($2.2 per unit), while the price for Sweden ($97 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 (-19.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for razors and razor blades; (including razor blade blanks in strips)s stood at $491 per thousand units in 2022, picking up by 3.5% against the previous year. In general, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 54% against the previous year. The export price peaked at $877 per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($483 per thousand units) and Vietnam ($482 per thousand units), while the average price for exports to Germany ($476 per thousand units) and Spain ($476 per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth year in a row, South Korea recorded growth in supplies from abroad of razors and razor blades; (including razor blade blanks in strips)s, which increased by 18% to 38M units in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of razors and razor blades; (including razor blade blanks in strips)s skyrocketed to $79M in 2022. In general, imports, however, showed a slight decrease. Over the period under review, imports of hit record highs at $83M 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 South Korea in 2022:

1. Germany (13.8M units)
2. China (8.6M units)
3. Vietnam (7.0M units)
4. Poland (3.5M units)
5. United States (2.0M units)
6. Sweden (1.5M units)
7. Japan (0.6M units)

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

Exports of razors and razor blades; (including razor blade blanks in strips)s from South Korea dropped rapidly to 112M units in 2022, waning by -26.7% compared with the previous year's figure. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. Over the period under review, the exports of reached the peak figure at 266M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of razors and razor blades; (including razor blade blanks in strips)s contracted remarkably to $55M in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 29%. The exports peaked at $93M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. United States (33.0M units)
2. Vietnam (24.8M units)
3. Netherlands (21.9M units)
4. Belgium (9.3M units)
5. Benin (3.7M units)
6. Spain (2.4M units)
7. Italy (1.5M units)
8. China (0.6M units)
9. Mexico (0.4M units)

Source: IndexBox Market Intelligence Platform