Price for Shavers; with Self-Contained Electric Motor in South Korea - 2021

Contents:

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

Price for Shavers; with Self-Contained Electric Motor in South Korea (CIF) - 2022

In 2022, the average import price for shavers; with self-contained electric motors amounted to $24 per unit, waning by -3.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 9.8% against the previous year. Over the period under review, average import prices hit record highs at $33 per unit in 2016; however, from 2017 to 2022, 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 the Netherlands ($49 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 the Netherlands (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for shavers; with self-contained electric motors amounted to $51 per unit, dropping by -4.4% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shavers; with self-contained electric motor export price increased by +83.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 30%. Over the period under review, the average export prices hit record highs at $54 per unit in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($86 per unit), while the average price for exports to Taiwan (Chinese) ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shavers; with Self-Contained Electric Motor in South Korea

Shavers; with self-contained electric motor imports into South Korea reduced modestly to 3.4M units in 2022, standing approx. at 2021. Over the period under review, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 2.4%. Over the period under review, imports hit record highs at 3.6M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, shavers; with self-contained electric motor imports contracted slightly to $82M in 2022. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2021 when imports increased by 9.2% against the previous year. Over the period under review, imports hit record highs at $91M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Shavers; with Self-Contained Electric Motor in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands39.126.327.629.1-9.4%
Czech Republic24.624.325.123.6-1.4%
Germany11.110.314.714.69.6%
China14.415.315.48.7-15.5%
Indonesia0.10.10.43.5227.1%
Japan1.51.61.92.111.9%
Others0.30.20.20.2-12.6%
Total91.078.185.481.8-3.5%

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

  1. China (1389.4K units)
  2. Czech Republic (655.5K units)
  3. Netherlands (597.5K units)
  4. Germany (348.7K units)
  5. Indonesia (197.8K units)
  6. Japan (170.3K units)

Exports of Shavers; with Self-Contained Electric Motor in South Korea

In 2022, overseas shipments of shavers; with self-contained electric motors decreased by -27.9% to 30K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 127% against the previous year. As a result, the exports attained the peak of 42K units, and then declined remarkably in the following year.

In value terms, shavers; with self-contained electric motor exports reduced sharply to $1.5M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 164% against the previous year. As a result, the exports reached the peak of $2.2M, and then contracted remarkably in the following year.

Export of Shavers; with Self-Contained Electric Motor in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2375181,7701,27475.2%
Hong Kong SAR44.443.445.589.226.2%
Vietnam82.990.310872.5-4.4%
Slovakia3.15.510.719.283.6%
Mongolia0.52.421.615.5214.1%
Taiwan (Chinese)14.05.87.58.1-16.7%
Netherlands9.771.51760.3-68.6%
Others85.510689.257.1-12.6%
Total4778432,2291,53647.7%

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

  1. Netherlands (undefinedK units)
  2. China (21.3K units)
  3. Vietnam (2.4K units)
  4. Mongolia (1.0K units)
  5. Hong Kong SAR (1.0K units)
  6. Slovakia (0.7K units)
  7. Taiwan (Chinese) (0.6K units)

Source: IndexBox Market Intelligence Platform

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