Vietnam's import of electric shavers and hair clippers has seen significant growth from 2013 to 2023, starting at 316.95 thousand USD and rising to 5591.1 thousand USD in 2023. Over the years, the market experienced substantial year-on-year increases, with a peak CAGR of 98.53% in 2016. The upward trend moderated over recent years, with a 5.4% growth rate recorded in 2023.
Forecasts from 2024 onwards indicate a continued, although slower, steady increase, with imports expected to reach 6943.6 thousand USD by 2028. The forecasted 5-year CAGR up to 2028 is 3.42%, reflecting a gradual but sustained market expansion.
Future trends to watch for:
- Technological advancements driving product demand.
- Changing consumer grooming habits influenced by lifestyle trends.
- Impact of e-commerce on import patterns and market reach.
