Vietnam: Shaving Preparations Market 2024

Shaving Preparations Market Size in Vietnam

The Vietnamese shaving preparations market reduced modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption saw a slight contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Shaving Preparations Production in Vietnam

In value terms, shaving preparations production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild reduction. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Shaving Preparations Exports

Exports from Vietnam

In 2022, overseas shipments of pre-shave, shaving and after-shave preparations (excluding soap in blocks) were finally on the rise to reach X tons after three years of decline. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, shaving preparations exports expanded significantly to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2014 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for shaving preparations exports from Vietnam, with a X% share of total exports. Moreover, shaving preparations exports to Japan exceeded the volume sent to the second major destination, China (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%.

In value terms, Japan ($X) remains the key foreign market for pre-shave, shaving and after-shave preparations (excluding soap in blocks) exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled X%.

Export Prices by Country

The average shaving preparations export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China stood at $X per ton.

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

Shaving Preparations Imports

Imports into Vietnam

In 2022, the amount of pre-shave, shaving and after-shave preparations (excluding soap in blocks) imported into Vietnam shrank rapidly to X tons, declining by X% compared with the year before. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, shaving preparations imports contracted to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of shaving preparations imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Thailand ($X) and the United States ($X) were the largest shaving preparations suppliers to Vietnam, with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shaving preparations import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the price for Thailand ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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