May 13, 2025
IndexBox has just published a new report: United Kingdom – Razors – Market Analysis, Forecast, Size, Trends And Insights.
The razor market in the UK is set to experience steady growth over the next ten years, driven by increasing demand. Market performance is expected to maintain its upward trend, with a forecasted CAGR of +0.9% in volume and +1.1% in value from 2024 to 2035. This growth is projected to result in a market volume of 509M units and a value of $223M by the end of 2035.
Market Forecast
Driven by increasing demand for razors in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.9% for the period from 2024 to 2035, which is projected to bring the market volume to 509M units by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market value to $223M (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited Kingdom’s Consumption of Razors
In 2024, razor consumption in the UK rose slightly to 459M units, growing by 4.4% compared with 2023. The total consumption volume increased at an average annual rate of +1.5% from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak volume of 468M units. From 2023 to 2024, the growth of the consumption remained at a lower figure.
The value of the razor market in the UK reduced modestly to $198M in 2024, remaining relatively unchanged 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). The market value increased at an average annual rate of +2.2% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $208M. From 2023 to 2024, the growth of the market remained at a lower figure.
ProductionUnited Kingdom’s Production of Razors
In 2024, razor production in the UK reduced modestly to 321M units, falling by -2.3% against the year before. In general, production, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 113% against the previous year. Over the period under review, production hit record highs at 349M units in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.
In value terms, razor production rose modestly to $520M in 2024 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 113%. Over the period under review, production reached the maximum level in 2024 and is likely to see gradual growth in years to come.
ImportsUnited Kingdom’s Imports of Razors
In 2024, after two years of decline, there was significant growth in supplies from abroad of razors, when their volume increased by 23% to 143M units. Overall, imports, however, recorded a abrupt decline. Imports peaked at 314M units in 2015; however, from 2016 to 2024, imports remained at a lower figure.
In value terms, razor imports expanded slightly to $117M in 2024. In general, imports, however, recorded a mild shrinkage. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked at $137M in 2014; however, from 2015 to 2024, imports stood at a somewhat lower figure.
Imports By Country
In 2024, the Czech Republic (101M units) constituted the largest razor supplier to the UK, with a 70% share of total imports. Moreover, razor imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Mexico (24M units), fourfold. India (13M units) ranked third in terms of total imports with an 8.9% share.
From 2013 to 2024, the average annual rate of growth in terms of volume from the Czech Republic amounted to +110.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+102.0% per year) and India (+3.3% per year).
In value terms, the largest razor suppliers to the UK were Poland ($29M), China ($27M) and France ($16M), together accounting for 62% of total imports. The Czech Republic, Germany, Mexico and India lagged somewhat behind, together accounting for a further 25%.
In terms of the main suppliers, the Czech Republic, with a CAGR of +72.3%, recorded the highest rates of growth with regard to 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 razor import price stood at $815 per thousand units in 2024, which is down by -14.6% against the previous year. In general, the import price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2022 when the average import price increased by 82%. The import price peaked at $955 per thousand units in 2023, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($29 thousand per unit), while the price for India ($31 per thousand units) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Germany (+185.6%), while the prices for the other major suppliers experienced more modest paces of growth.
ExportsUnited Kingdom’s Exports of Razors
For the seventh year in a row, the UK recorded decline in shipments abroad of razors, which decreased by -2.5% to 6M units in 2024. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 11%. Over the period under review, the exports hit record highs at 47M units in 2013; however, from 2014 to 2024, the exports stood at a somewhat lower figure.
In value terms, razor exports rose notably to $12M in 2024. Over the period under review, exports saw a deep setback. The exports peaked at $68M in 2014; however, from 2015 to 2024, the exports remained at a lower figure.
Exports By Country
Ireland (2.4M units), Belgium (1.3M units) and Poland (391K units) were the main destinations of razor exports from the UK, with a combined 68% share of total exports. The United States, the Netherlands, Canada, Iceland, Libya, France, Spain, Cyprus and Italy lagged somewhat behind, together accounting for a further 21%.
From 2013 to 2024, the biggest increases were recorded for Libya (with a CAGR of +53.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Ireland ($2.4M), the United States ($2.2M) and the Netherlands ($975K) constituted the largest markets for razor exported from the UK worldwide, together comprising 46% of total exports. Poland, Belgium, Iceland, Canada, France, Libya, Cyprus, Spain and Italy lagged somewhat behind, together accounting for a further 25%.
Libya, with a CAGR of +35.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices By Country
The average razor export price stood at $2 per unit in 2024, growing by 11% against the previous year. In general, export price indicated a pronounced increase from 2013 to 2024: its price increased at an average annual rate of +3.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, razor export price increased by +99.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 59%. The export price peaked at $2.2 per unit in 2014; however, from 2015 to 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2024, amid the top suppliers, the country with the highest price was Italy ($24 per unit), while the average price for exports to Belgium ($486 per thousand units) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.