The import of shavers with self-contained electric motors into China is expected to grow steadily from 2024 to 2028. The anticipated imports in 2024 are 2.09 million kilograms, increasing to 2.44 million kilograms by 2028. Compared to the actual import figures of 2023, this reflects a positive and consistent upward trend in volume.
Year-on-year growth rates are as follows:
- 2024: growth expected at 4.3%.
- 2025: growth expected at 4.3%.
- 2026: growth expected at 4.1%.
- 2027: growth expected at 3.8%.
- 2028: growth expected at 3.6%.
The compound annual growth rate (CAGR) over the five-year forecast period stands at approximately 4.0%.
Future trends to watch include potential shifts in consumer behavior towards more sustainable or high-tech grooming solutions, which could impact the types of shavers imported. Additionally, economic factors such as consumer spending power and regulatory changes affecting imports might alter the pace of growth.
