Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines - 2024
Contents:
- Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines (CIF) - 2024
- Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines (FOB) - 2022
- Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines
- Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines
Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines (CIF) - 2024
The average import price for razors and razor blades; (including razor blade blanks in strips)s stood at $313 per thousand units in February 2024, declining by -60.4% against the previous month. In general, the import price, however, posted noticeable growth. The pace of growth was the most pronounced in August 2023 when the average import price increased by 317% against the previous month. As a result, import price attained the peak level of $940 per thousand units. From September 2023 to February 2024, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From March 2023 to February 2024, the rate of growth in terms of prices for China amounted to +9.1% per month.
Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines (FOB) - 2022
The average export price for razors and razor blades; (including razor blade blanks in strips)s stood at $2 per unit in 2022, waning by -74.8% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 361%. As a result, the export price attained the peak level of $8.1 per unit, and then declined significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Fiji amounted to +133.8% per year.
Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines
In 2022, the amount of razors and razor blades; (including razor blade blanks in strips)s imported into the Philippines skyrocketed to 32M units, growing by 88% on 2021. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of razors and razor blades; (including razor blade blanks in strips)s surged to $22M in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +4.4% 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 +51.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.5 | 8.0 | 8.8 | 12.9 | 42.1% |
| China | 7.1 | 3.5 | 3.0 | 3.5 | -21.0% |
| Singapore | 0.2 | N/A | 0.4 | 2.4 | 128.9% |
| India | N/A | N/A | N/A | 0.7 | 0% |
| Japan | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Mexico | 2.2 | 0.8 | 1.0 | 0.3 | -48.5% |
| Poland | 3.5 | 0.5 | 0.2 | 0.1 | -69.4% |
| Others | 0.8 | 0.9 | 1.2 | 1.3 | 17.6% |
| Total | 18.9 | 14.3 | 15.0 | 21.6 | 4.6% |
Top Suppliers of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) to the Philippines in 2022:
- Vietnam (21.9M units)
- China (4.2M units)
- Singapore (2.9M units)
- India (0.8M units)
- Mexico (0.5M units)
- Japan (0.5M units)
- Poland (0.1M units)
Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines
Exports of razors and razor blades; (including razor blade blanks in strips)s from the Philippines skyrocketed to 64K units in 2022, with an increase of 548% compared with 2021. In general, exports, however, faced a sharp decrease. Over the period under review, the exports of hit record highs at 165K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, exports of razors and razor blades; (including razor blade blanks in strips)s surged to $130K in 2022. Overall, exports, however, saw a abrupt decrease. Over the period under review, the exports of attained the peak figure at $289K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.2 | 155 | 17.6 | 130 | 376.7% |
| Fiji | 116 | 126 | 22.5 | N/A | -56.0% |
| Thailand | 35.7 | 0.3 | N/A | N/A | -99.2% |
| Vietnam | 22.1 | N/A | N/A | N/A | 0% |
| Papua New Guinea | 10.3 | N/A | N/A | N/A | 0% |
| Northern Mariana Islands | N/A | 6.5 | N/A | N/A | 0% |
| Others | 0.4 | 0.7 | 39.5 | N/A | 893.7% |
| Total | 185 | 289 | 79.6 | 130 | -11.1% |
Top Export Markets for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) from the Philippines in 2022:
- Singapore (63.7K units)
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