Ethiopia: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2024

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Ethiopia

The Ethiopian market for electric shavers, hair-removing appliances and hair clippers skyrocketed to $X in 2022, increasing by 113% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed prominent growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Exports from Ethiopia

In 2022, exports of electric shavers, hair-removing appliances and hair clippers from Ethiopia dropped rapidly to X units, with a decrease of -31.6% against 2021 figures. Overall, exports showed a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 171% against the previous year. As a result, the exports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers dropped markedly to $X in 2022. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 170%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Cote d'Ivoire (X units) and Sweden (X units) were the main destinations of exports of electric shavers, hair-removing appliances and hair clippers from Ethiopia, together accounting for 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +4.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for electric shavers, hair-removing appliances and hair clippers exports from Ethiopia, comprising 57% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 23% share of total exports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+1.6% per year) and Sweden (0.0% per year).

Export Prices by Country

The average export price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, with an increase of 4.1% against the previous year. Overall, the export price, however, saw a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 112% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the United States ($X 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 Ghana (+144.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Imports into Ethiopia

In 2022, approx. X units of electric shavers, hair-removing appliances and hair clippers were imported into Ethiopia; increasing by 139% against the previous year. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 368% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers skyrocketed to $X in 2022. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 302%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

The United States (X units), the United Arab Emirates (X units) and Hungary (X units) were the main suppliers of imports of electric shavers, hair-removing appliances and hair clippers to Ethiopia, with a combined 90% 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 the United Arab Emirates (with a CAGR of +48.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Ethiopia, comprising 56% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 27% share of total imports. It was followed by China, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+46.0% per year) and China (-5.1% per year).

Import Prices by Country

The average import price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, declining by -16.5% against the previous year. Overall, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of 38%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and India ($X per unit), while the price for the United Arab Emirates ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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