Price for Shavers; with Self-Contained Electric Motor in Australia - 2023

Contents:

  1. Price for Shavers; with Self-Contained Electric Motor in Australia (CIF) - 2023
  2. Price for Shavers; with Self-Contained Electric Motor in Australia (FOB) - 2022
  3. Imports of Shavers; with Self-Contained Electric Motor in Australia
  4. Exports of Shavers; with Self-Contained Electric Motor in Australia

Price for Shavers; with Self-Contained Electric Motor in Australia (CIF) - 2023

In August 2023, the average import price for shavers; with self-contained electric motors amounted to $16.3 per unit, reducing by -6.3% against the previous month. Overall, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 58% month-to-month. The import price peaked at $25.8 per unit in October 2022; however, from November 2022 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($44.3 per unit), while the price for China ($13.9 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+0.7%), while the prices for the other major suppliers experienced a decline.

Price for Shavers; with Self-Contained Electric Motor in Australia (FOB) - 2022

The average export price for shavers; with self-contained electric motors stood at $13 per unit in 2022, reducing by -37.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 246%. As a result, the export price reached the peak level of $120 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($13 per unit), while the average price for exports to Fiji totaled $9.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+6.3%).

Imports of Shavers; with Self-Contained Electric Motor in Australia

In 2022, the amount of shavers; with self-contained electric motors imported into Australia surged to 1.5M units, growing by 25% against the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, imports reached the peak of 2.1M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, shavers; with self-contained electric motor imports surged to $31M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +55.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Shavers; with Self-Contained Electric Motor in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China12.011.714.219.317.2%
Germany4.54.22.84.0-3.9%
Japan2.10.41.22.56.0%
Indonesia0.40.81.21.968.1%
Netherlands3.72.31.81.6-24.4%
VietnamN/AN/AN/A1.00%
IndiaN/AN/AN/A0.10%
Others1.00.61.10.5-20.6%
Total23.620.022.231.09.5%

Top Suppliers of Shavers; with Self-Contained Electric Motor to Australia in 2022:

  1. China (1227.7K units)
  2. Germany (198.2K units)
  3. Indonesia (87.6K units)
  4. Japan (50.4K units)
  5. Vietnam (32.1K units)
  6. Netherlands (13.4K units)
  7. India (3.1K units)

Exports of Shavers; with Self-Contained Electric Motor in Australia

In 2022, approx. 569K units of shavers; with self-contained electric motors were exported from Australia; picking up by 205% on the previous year. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 513%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, shavers; with self-contained electric motor exports soared to $7.6M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Shavers; with Self-Contained Electric Motor in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand3.72.43.37.526.6%
OthersN/A1.30.70.1-72.3%
Total3.73.64.07.627.1%

Top Export Markets for Shavers; with Self-Contained Electric Motor from Australia in 2022:

  1. New Zealand (559.3K units)

Source: IndexBox Market Intelligence Platform

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