Market Insights Consumer Beauty & Personal Care Personal Care

Shaving - Equatorial Guinea

Equatorial Guinea

Equatorial Guinea's revenue in the Shaving market reached a substantial amount of US$9.41m in 2024.
This market segment is projected to experience an annual growth rate of 5.71%, as measured by the compound annual growth rate (CAGR) from 2024 to 2029.
When compared globally, it is noteworthy that the highest revenue is generated in China, with a staggering US$6,378m in 2024.
In terms of per capita revenue, in Equatorial Guinea generates approximately US$5.36 per person in 2024.
This metric provides insight into the individual contribution to the overall revenue within the country.
Equatorial Guinea is experiencing a growing demand for luxury shaving products, as the country's affluent population seeks high-end grooming options.

Key regions: Canada, Indonesia, United States, United Kingdom, Singapore

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.