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

Contents:

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

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

In December 2022, the average export price for razors and razor blades; (including razor blade blanks in strips)s amounted to $476 per thousand units, reducing by -5.9% against the previous month. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in July 2022 when the average export price increased by 97% month-to-month. The export price peaked at $1.3 per unit in January 2022; however, from February 2022 to December 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($680 per thousand units), while the average price for exports to Cameroon ($186 per thousand units) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.7%), 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 Vietnam (CIF) - 2022

In 2022, the average import price for razors and razor blades; (including razor blade blanks in strips)s amounted to $791 per thousand units, with an increase of 62% against the previous year. Over the period under review, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 86%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Greece ($1.7 per unit), while the price for Germany ($381 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of razors and razor blades; (including razor blade blanks in strips)s from Vietnam fell rapidly to 121M units, reducing by -34% compared with 2021. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. As a result, the exports reached the peak of 184M units, and then fell notably in the following year.

In value terms, exports of razors and razor blades; (including razor blade blanks in strips)s expanded notably to $268M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Australia (13.0M units)
2. Japan (9.9M units)
3. South Korea (8.5M units)
4. United States (6.9M units)
5. United Arab Emirates (5.9M units)
6. India (5.9M units)
7. China (4.2M units)
8. Philippines (4.0M units)
9. Indonesia (4.0M units)
10. Tanzania (4.0M units)
11. Hong Kong SAR (3.9M units)
12. Uzbekistan (3.8M units)
13. Belgium (3.5M units)

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

In 2022, imports of razors and razor blades; (including razor blade blanks in strips)s into Vietnam declined rapidly to 104M units, dropping by -36.6% compared with the previous year's figure. Overall, imports faced a precipitous descent. The smallest decline of -17.1% was in 2021. Over the period under review, imports of attained the maximum at 383M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of razors and razor blades; (including razor blade blanks in strips)s reached $83M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (50.2M units)
2. China (13.3M units)
3. Poland (11.4M units)
4. South Korea (11.1M units)
5. United States (7.0M units)
6. India (2.8M units)
7. United Arab Emirates (2.7M units)
8. Greece (1.9M units)
9. Mexico (1.7M units)

Source: IndexBox Market Intelligence Platform