| Product Code: ETC5395075 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives saw a significant increase in razor import shipments in 2024, with top exporting countries being China, Poland, India, Sri Lanka, and Thailand. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), shifted from moderate to high in just one year, indicating a more consolidated market landscape. The impressive compound annual growth rate (CAGR) of 24.38% from 2020 to 2024 highlights the growing demand for razors in the Maldives. Additionally, the growth rate of 3.1% from 2023 to 2024 suggests a steady expansion in the market.

By 2027, the Razor market in Maldives is anticipated to reach a growth rate of 11.34%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Razor Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Razor Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Razor Market - Industry Life Cycle |
3.4 Maldives Razor Market - Porter's Five Forces |
3.5 Maldives Razor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Razor Market Revenues & Volume Share, By Segment, 2021 & 2031F |
3.7 Maldives Razor Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Maldives Razor Market Revenues & Volume Share, By Blade Type, 2021 & 2031F |
3.9 Maldives Razor Market Revenues & Volume Share, By Consumer, 2021 & 2031F |
4 Maldives Razor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income among Maldivian population leading to higher spending on personal grooming products. |
4.2.2 Growing tourism industry in the Maldives, creating demand for grooming products like razors. |
4.2.3 Rising awareness about personal hygiene and grooming practices among consumers in the Maldives. |
4.3 Market Restraints |
4.3.1 High import duties and taxes on razors in the Maldives, making them expensive for consumers. |
4.3.2 Limited availability of premium quality razors in the local market. |
4.3.3 Cultural preferences for traditional grooming methods over the use of razors in some segments of the population. |
5 Maldives Razor Market Trends |
6 Maldives Razor Market Segmentations |
6.1 Maldives Razor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Razor Market Revenues & Volume, By Cartridge Razors, 2021-2031F |
6.1.3 Maldives Razor Market Revenues & Volume, By Disposable Razors, 2021-2031F |
6.1.4 Maldives Razor Market Revenues & Volume, By Electric Razors, 2021-2031F |
6.1.5 Maldives Razor Market Revenues & Volume, By Straight Razors, 2021-2031F |
6.1.6 Maldives Razor Market Revenues & Volume, By Safety Razors, 2021-2031F |
6.2 Maldives Razor Market, By Segment |
6.2.1 Overview and Analysis |
6.2.2 Maldives Razor Market Revenues & Volume, By Mass, 2021-2031F |
6.2.3 Maldives Razor Market Revenues & Volume, By Standard, 2021-2031F |
6.2.4 Maldives Razor Market Revenues & Volume, By Premium, 2021-2031F |
6.3 Maldives Razor Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Maldives Razor Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.3.3 Maldives Razor Market Revenues & Volume, By Department Stores, 2021-2031F |
6.3.4 Maldives Razor Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.3.5 Maldives Razor Market Revenues & Volume, By Online, 2021-2031F |
6.4 Maldives Razor Market, By Blade Type |
6.4.1 Overview and Analysis |
6.4.2 Maldives Razor Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.4.3 Maldives Razor Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.5 Maldives Razor Market, By Consumer |
6.5.1 Overview and Analysis |
6.5.2 Maldives Razor Market Revenues & Volume, By Men, 2021-2031F |
6.5.3 Maldives Razor Market Revenues & Volume, By Women, 2021-2031F |
7 Maldives Razor Market Import-Export Trade Statistics |
7.1 Maldives Razor Market Export to Major Countries |
7.2 Maldives Razor Market Imports from Major Countries |
8 Maldives Razor Market Key Performance Indicators |
8.1 Average monthly spending per capita on personal grooming products in the Maldives. |
8.2 Number of tourists visiting the Maldives and their spending on personal care products. |
8.3 Percentage increase in online searches for razors and grooming products in the Maldives. |
8.4 Number of new entrants or product launches in the razor market in the Maldives. |
8.5 Customer satisfaction ratings and reviews for razors available in the Maldives market. |
9 Maldives Razor Market - Opportunity Assessment |
9.1 Maldives Razor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Razor Market Opportunity Assessment, By Segment, 2021 & 2031F |
9.3 Maldives Razor Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Maldives Razor Market Opportunity Assessment, By Blade Type, 2021 & 2031F |
9.5 Maldives Razor Market Opportunity Assessment, By Consumer, 2021 & 2031F |
10 Maldives Razor Market - Competitive Landscape |
10.1 Maldives Razor Market Revenue Share, By Companies, 2024 |
10.2 Maldives Razor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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