the 2000-2005 world outlook for razors and blades (strategic planning series)

www.icongroupedition.com �2002 Icon Group Ltd.

The 2000-2005 World Outlook for Razors and Blades

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COPYRIGHT NOTICE ISBN: 0-7576-5356-1

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About Icon Group Ltd.

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Table of Contents 1 INTRODUCTION 9

1.1 Overview 9 1.2 Market Potential Estimation Methodology 9 1.3 The Worldwide Market Potential for Razors and Blades 11

2 AFRICA: RAZORS AND BLADES 12 2.1 Executive Summary 12 2.2 Algeria 14 2.3 Angola 14 2.4 Benin 15 2.5 Botswana 15 2.6 Burkina Faso 16 2.7 Burundi 16 2.8 Cameroon 17 2.9 Cape Verde 17 2.10 Central African Republic 18 2.11 Chad 18 2.12 Comoros 19 2.13 Congo (formerly Zaire) 19 2.14 Djibouti 20 2.15 Egypt 20 2.16 Equatorial Guinea 21 2.17 Eritrea 21 2.18 Ethiopia 22 2.19 Gabon 22 2.20 Ghana 23 2.21 Guinea 23 2.22 Guinea-Bissau 24 2.23 Ivory coast 24 2.24 Kenya 25 2.25 Lesotho 25 2.26 Liberia 26 2.27 Libya 26 2.28 Madagascar 27 2.29 Malawi 27 2.30 Mali 28 2.31 Mauritania 28 2.32 Mauritius 29 2.33 Morocco 29 2.34 Mozambique 30 2.35 Namibia 30 2.36 Niger 31 2.37 Nigeria 31

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2.38 Republic of Congo 32 2.39 Rwanda 32 2.40 Sao Tome E Principe 33 2.41 Senegal 33 2.42 Sierra Leone 34 2.43 Somalia 34 2.44 South Africa 35 2.45 Sudan 35 2.46 Swaziland 36 2.47 Tanzania 36 2.48 The Gambia 37 2.49 Togo 37 2.50 Tunisia 38 2.51 Uganda 38 2.52 Zambia 39 2.53 Zimbabwe 39

3 ASIA: RAZORS AND BLADES 40 3.1 Executive Summary 40 3.2 Bangladesh 42 3.3 Bhutan 42 3.4 Brunei 43 3.5 Burma 43 3.6 Cambodia 44 3.7 China 44 3.8 Hong Kong 45 3.9 India 45 3.10 Indonesia 46 3.11 Japan 46 3.12 Laos 47 3.13 Macau 47 3.14 Malaysia 48 3.15 Maldives 48 3.16 Mongolia 49 3.17 Nepal 49 3.18 North Korea 50 3.19 Papua New Guinea 50 3.20 Philippines 51 3.21 Seychelles 51 3.22 Singapore 52 3.23 South Korea 52 3.24 Sri Lanka 53 3.25 Taiwan 53 3.26 Thailand 54 3.27 Vietnam 54

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4 EUROPE: RAZORS AND BLADES 55 4.1 Executive Summary 55 4.2 Albania 57 4.3 Andorra 57 4.4 Austria 58 4.5 Belarus 58 4.6 Belgium 59 4.7 Bosnia and Herzegovina 59 4.8 Bulgaria 60 4.9 Croatia 60 4.10 Cyprus 61 4.11 Czech Republic 61 4.12 Denmark 62 4.13 Estonia 62 4.14 Finland 63 4.15 France 63 4.16 Georgia 64 4.17 Germany 64 4.18 Greece 65 4.19 Hungary 65 4.20 Iceland 66 4.21 Ireland 66 4.22 Italy 67 4.23 Kazakhstan 67 4.24 Latvia 68 4.25 Liechtenstein 68 4.26 Lithuania 69 4.27 Luxembourg 69 4.28 Macedonia 70 4.29 Malta 70 4.30 Moldova 71 4.31 Monaco 71 4.32 Netherlands 72 4.33 Norway 72 4.34 Poland 73 4.35 Portugal 73 4.36 Romania 74 4.37 Russia 74 4.38 Serbia and Montenegro 75 4.39 Slovakia 75 4.40 Slovenia 76 4.41 Spain 76 4.42 Sweden 77 4.43 Switzerland 77

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4.44 Ukraine 78 4.45 United Kingdom 78

5 LATIN AMERICA: RAZORS AND BLADES 79 5.1 Executive Summary 79 5.2 Argentina 80 5.3 Belize 81 5.4 Bolivia 81 5.5 Brazil 82 5.6 Chile 82 5.7 Colombia 83 5.8 Costa Rica 83 5.9 Ecuador 84 5.10 El Salvador 84 5.11 Guatemala 85 5.12 Guyana 85 5.13 Honduras 86 5.14 Mexico 86 5.15 Nicaragua 87 5.16 Panama 87 5.17 Paraguay 88 5.18 Peru 88 5.19 Suriname 89 5.20 Uruguay 89 5.21 Venezuela 90

6 NORTH AMERICA & THE CARIBBEAN: RAZORS AND BLADES 91 6.1 Executive Summary 91 6.2 Antigua and Barbuda 93 6.3 Bahamas 93 6.4 Barbados 94 6.5 Bermuda 94 6.6 Canada 95 6.7 Cuba 95 6.8 Dominica 96 6.9 Dominican Republic 96 6.10 Grenada 97 6.11 Haiti 97 6.12 Jamaica 98 6.13 Martinique 98 6.14 Netherlands Antilles 99 6.15 St. Kitts and Nevis 99 6.16 St. Lucia 100 6.17 St. Vincent and the Grenadines 100 6.18 Trinidad and Tobago 101

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6.19 United States 101 7 OCEANA: RAZORS AND BLADES 102

7.1 Executive Summary 102 7.2 American Samoa 103 7.3 Australia 104 7.4 Fiji 104 7.5 Kiribati 105 7.6 Marshall Islands 105 7.7 Micronesia Federation 106 7.8 Nauru 106 7.9 New Zealand 107 7.10 Palau 107 7.11 Solomon Islands 108 7.12 Tonga 108 7.13 Tuvalu 109 7.14 Vanuatu 109

8 THE MIDDLE EAST: RAZORS AND BLADES 110 8.1 Executive Summary 110 8.2 Afghanistan 112 8.3 Armenia 112 8.4 Azerbaijan 113 8.5 Bahrain 113 8.6 Iran 114 8.7 Iraq 114 8.8 Israel 115 8.9 Jordan 115 8.10 Kuwait 116 8.11 Kyrgyzstan 116 8.12 Lebanon 117 8.13 Oman 117 8.14 Pakistan 118 8.15 Qatar 118 8.16 Saudi Arabia 119 8.17 Syrian Arab Republic 119 8.18 Tajikistan 120 8.19 Turkey 120 8.20 Turkmenistan 121 8.21 United Arab Emirates 121 8.22 Uzbekistan 122 8.23 Yemen 122

9 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 123 9.1 Disclaimers & Safe Harbor 123 9.2 Icon Group Ltd. User Agreement Provisions 124

Razors and Blades 9


1 INTRODUCTION

1.1 OVERVIEW The liberalization of markets has lead to record levels of international investments. Icon Group’s primary mission is to assist international managers to better plan and implement strategies in a global economy. It does so by providing various specialized industry reports, databases, publications and services to its clients. This report is one of many published by Icon Group Ltd. to assist executives and planners in monitoring and analyzing world markets. In addition to industry-specific studies, Icon Group Ltd.’s reports cover human resources management, export strategies, investment strategies, entry & marketing strategies, political and economic risk assessments and legal trends (e.g., intellectual property, licensing, and corruption). This report covers the world outlook for razors and blades across 235 countries. For each year reported, the estimates are given for the latent demand for the country in question. Icon Group uses a number of proprietary econometric models which project economic changes within each country and across countries. From there, market potential estimates are created. The units used in this report are: million US $. As shown in the report, the market potential for razors and blades is expected to reach $7,427.33 million by 2005. The distribution of the world market, however, will not be evenly distributed across regions. Europe will be the largest market with $2,610.97 million or 35.15 percent, followed by North America & the Caribbean with $1,846.11 million or 24.86 percent, and then Asia with $1,041.88 million or 14.03 percent of the world market. In essence, if a firm targets these top 3 regions, they cover come 74.04 percent of the world wide demand for razors and blades.

1.2 MARKET POTENTIAL ESTIMATION METHODOLOGY Icon Group uses a number of methodologies to create market potential estimates for products and services across markets, whether at the level of a region, country, or city. In this report, two modelling approaches are used. The first involves modelling the economic fundamentals of each market over time. This is based on standard models of economic growth (e.g. focussing on growth of income, or gross domestic product per capita). The second approach is more subtle. The second approach involves collecting information on the market size or market potential for the particular product or service in question, typically in national currency, and translating these into a common currency. Icon Group uses the U.S. dollar as its common currency across markets. For some categories and markets, basic demand indicators are reported in national statistics, as is mostly the case for the United States and other developed markets. In most of the world’s 230 countries, however, few statistics are available. For these, Icon Group uses

Razors and Blades 10


econometric models to estimate these markets, and forecast these over time. As true for all forward-looking economic forecasts, certain critical assumptions must be made. Two types of assumptions are made for the models used in this report. The first type covers the socio-economic and global environment. In essence, Icon Group assumes that dynamics seen in the past are likely to continue in the future, without major discontinuous changes. For example, if a city, country or region has not seen civil strife, major recessions, or substantial foreign exchange or currency changes, this is assumed to be the case over the forecast period. Likewise, the worldwide demand is foreseen to progress in a fashion similar to that seen in historical figures, based on aggregated data collected at the national level. The extent to which these assumptions are violated in the future will surely affect the accuracy of the forecasts presented here. The second type of assumption is of greater importance, especially for those markets where insufficient local information is reported in the public domain, or in markets where there is higher uncertainty. Here, we use cross-country econometric models of demand, often called a cross-sectional pooled time series models with varying parameters. In simple terms, we assume an underlying consumption function that is allowed to vary over time and across geographic markets. Economists have long proposed various consumption functions. These include John Maynard Keynes, Simon Kuznets, Irving Fisher, Franco Modigliani, Albert Ando, Richard Brumberg, and Milton Friedman. Across these, and other authors, the consumption of a product (as opposed to the amount produced) is foreseen to vary depending on a number of local factors and the time frame that one considers (short-, medium- and long-run). In general, the variance of the market potential across markets is foreseen to be a function of variances in income, wealth, interest rates, expected future income, and a variety of exogenous factors, including geography and culture. Icon Group forecasts primarily rely on non-cultural economic factors in modelling cross-market demand, for a given product or service. We also model the market potential using a consumption function which assumes a constant average propensity to consume in the long run (i.e. as incomes rise, average consumption rates do not fall, as earlier argued by Keynes). Once the cross-market model of demand is specified, it is combined with the local economic models described above. As in all econometric exercises, the lack of local market figures in the public domain results in estimation errors. Furthermore, many intervening factors may arise over time that can materially affect the accuracy of the forecasts, including changes in local economic conditions, changes in political regimes, improvements in primary data, and currency fluctuations, among other factors. As the estimates and forecasts reported here are forward-looking and subject to assumption-induced errors, you are asked to read the caveats and disclaimers at the end of this report.



1.3 THE WORLDWIDE MARKET POTENTIAL FOR RAZORS AND BLADES

Worldwide Market Potential for Razors and Blades (million US $): 2000 Region Latent Demand million US $ % of Globe _________________________________________________________________________________________________________ Europe 2,135 37.1 North America & the Caribbean 1,453 25.3 Asia 722 12.6 Latin America 714 12.4 Middle East 392 6.8 Africa 226 3.9 Oceana 106 1.8 Total 5,748 100.0 _________________________________________________________________________________________________________

Source: Icon Group Ltd., copyright 2000, www.icongroupedition.com

Worldwide Market Potential for Razors and Blades (million US $): 2000

Europe

North America & the Caribbean

Asia

Latin America

Other

World Market for Razors and Blades: 1995 - 2005

Year World Market million US $ _________________________________________________________________________________________________________ 1995 4,903.44 1996 5,111.13 1997 5,166.35 1998 5,261.74 1999 5,495.73 2000 5,765.97 2001 6,057.92 2002 6,369.10 2003 6,700.09 2004 7,052.32 2005 7,427.33 _________________________________________________________________________________________________________




2 AFRICA: RAZORS AND BLADES

2.1 EXECUTIVE SUMMARY Market Potential for Razors and Blades in Africa (million US $): 2000

Country Latent Demand million US $ % of Africa _________________________________________________________________________________________________________ South Africa 95 41.60% Egypt 13 5.51% Nigeria 11 4.68% Morocco 10 4.60% Algeria 9 4.11% Tunisia 7 3.00% Cameroon 7 2.92% Sudan 5 2.34% Ivory coast 5 2.21% Angola 5 2.04% Kenya 5 2.04% Congo (formerly Zaire) 5 1.99% Libya 4 1.95% Tanzania 3 1.47% Ghana 3 1.42% Ethiopia 3 1.37% Zimbabwe 3 1.34% Senegal 3 1.27% Uganda 3 1.23% Gabon 3 1.13% Botswana 2 0.78% Zambia 2 0.75% Burkina Faso 2 0.68% Madagascar 1 0.65% Guinea 1 0.61% Other 17 8.20% Total 226 100.00% _________________________________________________________________________________________________________




Market Potential for Razors and Blades in Africa (million US $): 2000

South Africa

EgyptNigeria

Morocco

Other

The Market for Razors and Blades in Africa: 1995 - 2005

Year million US $ % of Globe _________________________________________________________________________________________________________ 1995 208.61 4.25 1996 210.06 4.11 1997 217.30 4.21 1998 213.20 4.05 1999 218.98 3.98 2000 227.49 3.95 2001 238.49 3.94 2002 250.49 3.93 2003 263.23 3.93 2004 276.75 3.92 2005 291.12 3.92 _________________________________________________________________________________________________________




2.2 ALGERIA Razors and Blades (million US $): Algeria 1995 - 2005

Year Algeria % of Region % of Globe _________________________________________________________________________________________________________ 1995 8 3.66% 0.15% 1996 9 4.09% 0.16% 1997 9 4.14% 0.17% 1998 9 4.01% 0.16% 1999 9 4.04% 0.16% 2000 9 4.11% 0.16% 2001 10 4.15% 0.16% 2002 10 4.18% 0.16% 2003 11 4.22% 0.16% 2004 12 4.26% 0.16% 2005 13 4.29% 0.16% _________________________________________________________________________________________________________


2.3 ANGOLA Razors and Blades (million US $): Angola 1995 - 2005

Year Angola % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.90% 0.00% 1996 4 1.98% 0.00% 1997 4 2.04% 0.00% 1998 4 2.07% 0.00% 1999 5 2.06% 0.00% 2000 5 2.04% 0.00% 2001 5 2.08% 0.00% 2002 5 2.12% 0.00% 2003 6 2.15% 0.00% 2004 6 2.19% 0.08% 2005 7 2.23% 0.00% _________________________________________________________________________________________________________




2.4 BENIN Razors and Blades (million US $): Benin 1995 - 2005

Year Benin % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.43% 0.01% 1996 1 0.44% 0.00% 1997 1 0.45% 0.00% 1998 1 0.46% 0.00% 1999 1 0.45% 0.00% 2000 1 0.44% 0.00% 2001 1 0.45% 0.00% 2002 1 0.47% 0.00% 2003 1 0.48% 0.00% 2004 1 0.49% 0.00% 2005 1 0.50% 0.00% _________________________________________________________________________________________________________


2.5 BOTSWANA Razors and Blades (million US $): Botswana 1995 - 2005

Year Botswana % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.67% 0.00% 1996 2 0.72% 0.00% 1997 2 0.75% 0.00% 1998 2 0.77% 0.00% 1999 2 0.78% 0.00% 2000 2 0.78% 0.00% 2001 2 0.79% 0.00% 2002 2 0.79% 0.00% 2003 2 0.79% 0.00% 2004 2 0.80% 0.00% 2005 2 0.80% 0.00% _________________________________________________________________________________________________________




2.6 BURKINA FASO Razors and Blades (million US $): Burkina Faso 1995 - 2005

Year Burkina Faso % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.63% 0.00% 1996 1 0.66% 0.02% 1997 1 0.68% 0.00% 1998 1 0.69% 0.00% 1999 2 0.69% 0.02% 2000 2 0.68% 0.00% 2001 2 0.69% 0.00% 2002 2 0.70% 0.02% 2003 2 0.72% 0.00% 2004 2 0.73% 0.00% 2005 2 0.74% 0.00% _________________________________________________________________________________________________________


2.7 BURUNDI Razors and Blades (million US $): Burundi 1995 - 2005

Year Burundi % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.23% 0.00% 1996 1 0.24% 0.00% 1997 1 0.25% 0.00% 1998 1 0.25% 0.00% 1999 1 0.25% 0.00% 2000 1 0.25% 0.00% 2001 1 0.25% 0.00% 2002 1 0.26% 0.00% 2003 1 0.26% 0.00% 2004 1 0.26% 0.00% 2005 1 0.27% 0.00% _________________________________________________________________________________________________________




2.8 CAMEROON Razors and Blades (million US $): Cameroon 1995 - 2005

Year Cameroon % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 2.57% 0.10% 1996 6 2.72% 0.11% 1997 6 2.83% 0.11% 1998 6 2.91% 0.11% 1999 6 2.92% 0.11% 2000 7 2.92% 0.11% 2001 7 2.95% 0.11% 2002 7 2.97% 0.11% 2003 8 2.99% 0.11% 2004 8 3.02% 0.11% 2005 9 3.04% 0.11% _________________________________________________________________________________________________________


2.9 CAPE VERDE Razors and Blades (million US $): Cape Verde 1995 - 2005

Year Cape Verde % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




2.10 CENTRAL AFRICAN REPUBLIC Razors and Blades (million US $): Central African Republic 1995 - 2005

Year Central African Republic % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.25% 0.00% 1996 1 0.26% 0.00% 1997 1 0.27% 0.01% 1998 1 0.27% 0.01% 1999 1 0.27% 0.00% 2000 1 0.27% 0.00% 2001 1 0.28% 0.00% 2002 1 0.28% 0.00% 2003 1 0.29% 0.00% 2004 1 0.29% 0.00% 2005 1 0.30% 0.00% _________________________________________________________________________________________________________


2.11 CHAD Razors and Blades (million US $): Chad 1995 - 2005

Year Chad % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.25% 0.00% 1996 1 0.27% 0.00% 1997 1 0.27% 0.00% 1998 1 0.28% 0.00% 1999 1 0.28% 0.00% 2000 1 0.27% 0.00% 2001 1 0.28% 0.01% 2002 1 0.28% 0.00% 2003 1 0.29% 0.00% 2004 1 0.29% 0.00% 2005 1 0.30% 0.00% _________________________________________________________________________________________________________




2.12 COMOROS Razors and Blades (million US $): Comoros 1995 - 2005

Year Comoros % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.06% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


2.13 CONGO (FORMERLY ZAIRE) Razors and Blades (million US $): Congo (formerly Zaire) 1995 - 2005

Year Congo (formerly Zaire) % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 1.58% 0.00% 1996 4 1.71% 0.07% 1997 4 1.82% 0.00% 1998 4 1.91% 0.00% 1999 4 1.96% 0.00% 2000 5 1.99% 0.00% 2001 5 1.98% 0.00% 2002 5 1.96% 0.00% 2003 5 1.93% 0.00% 2004 5 1.91% 0.00% 2005 5 1.88% 0.00% _________________________________________________________________________________________________________




2.14 DJIBOUTI Razors and Blades (million US $): Djibouti 1995 - 2005

Year Djibouti % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.10% 0.00% 1998 0 0.10% 0.00% 1999 0 0.10% 0.00% 2000 0 0.11% 0.00% 2001 0 0.11% 0.00% 2002 0 0.11% 0.00% 2003 0 0.10% 0.00% 2004 0 0.10% 0.00% 2005 0 0.10% 0.00% _________________________________________________________________________________________________________


2.15 EGYPT Razors and Blades (million US $): Egypt 1995 - 2005

Year Egypt % of Region % of Globe _________________________________________________________________________________________________________ 1995 8 4.05% 0.17% 1996 9 4.35% 0.17% 1997 10 4.55% 0.19% 1998 11 5.04% 0.20% 1999 12 5.30% 0.21% 2000 13 5.51% 0.21% 2001 14 5.68% 0.22% 2002 15 5.84% 0.22% 2003 16 6.00% 0.23% 2004 17 6.16% 0.24% 2005 18 6.33% 0.24% _________________________________________________________________________________________________________




2.16 EQUATORIAL GUINEA Razors and Blades (million US $): Equatorial Guinea 1995 - 2005

Year Equatorial Guinea % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.03% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


2.17 ERITREA Razors and Blades (million US $): Eritrea 1995 - 2005

Year Eritrea % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.08% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




2.18 ETHIOPIA Razors and Blades (million US $): Ethiopia 1995 - 2005

Year Ethiopia % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 1.23% 0.00% 1996 3 1.30% 0.00% 1997 3 1.34% 0.00% 1998 3 1.37% 0.00% 1999 3 1.37% 0.00% 2000 3 1.37% 0.00% 2001 3 1.38% 0.00% 2002 4 1.40% 0.00% 2003 4 1.42% 0.00% 2004 4 1.43% 0.00% 2005 4 1.45% 0.00% _________________________________________________________________________________________________________


2.19 GABON Razors and Blades (million US $): Gabon 1995 - 2005

Year Gabon % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 1.00% 0.00% 1996 2 1.05% 0.00% 1997 2 1.10% 0.00% 1998 2 1.13% 0.00% 1999 2 1.13% 0.00% 2000 3 1.13% 0.00% 2001 3 1.14% 0.00% 2002 3 1.15% 0.00% 2003 3 1.16% 0.00% 2004 3 1.17% 0.00% 2005 3 1.18% 0.00% _________________________________________________________________________________________________________




2.20 GHANA Razors and Blades (million US $): Ghana 1995 - 2005

Year Ghana % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 1.35% 0.00% 1996 3 1.41% 0.00% 1997 3 1.44% 0.00% 1998 3 1.45% 0.05% 1999 3 1.44% 0.00% 2000 3 1.42% 0.00% 2001 3 1.45% 0.00% 2002 4 1.48% 0.00% 2003 4 1.52% 0.00% 2004 4 1.55% 0.00% 2005 5 1.59% 0.00% _________________________________________________________________________________________________________


2.21 GUINEA Razors and Blades (million US $): Guinea 1995 - 2005

Year Guinea % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.57% 0.00% 1996 1 0.60% 0.02% 1997 1 0.61% 0.00% 1998 1 0.62% 0.00% 1999 1 0.62% 0.00% 2000 1 0.61% 0.00% 2001 1 0.62% 0.00% 2002 2 0.63% 0.00% 2003 2 0.65% 0.00% 2004 2 0.66% 0.02% 2005 2 0.67% 0.00% _________________________________________________________________________________________________________




2.22 GUINEA-BISSAU Razors and Blades (million US $): Guinea-Bissau 1995 - 2005

Year Guinea-Bissau % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.04% 0.00% 2004 0 0.00% 0.00% 2005 0 0.04% 0.00% _________________________________________________________________________________________________________


2.23 IVORY COAST Razors and Blades (million US $): Ivory coast 1995 - 2005

Year Ivory coast % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 2.10% 0.00% 1996 5 2.19% 0.00% 1997 5 2.24% 0.00% 1998 5 2.26% 0.00% 1999 5 2.23% 0.00% 2000 5 2.21% 0.00% 2001 5 2.25% 0.00% 2002 6 2.31% 0.00% 2003 6 2.36% 0.00% 2004 7 2.41% 0.00% 2005 7 2.47% 0.00% _________________________________________________________________________________________________________




2.24 KENYA Razors and Blades (million US $): Kenya 1995 - 2005

Year Kenya % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.94% 0.00% 1996 4 2.01% 0.00% 1997 4 2.06% 0.00% 1998 4 2.08% 0.00% 1999 5 2.06% 0.00% 2000 5 2.04% 0.00% 2001 5 2.08% 0.00% 2002 5 2.12% 0.00% 2003 6 2.17% 0.08% 2004 6 2.22% 0.00% 2005 7 2.27% 0.00% _________________________________________________________________________________________________________


2.25 LESOTHO Razors and Blades (million US $): Lesotho 1995 - 2005

Year Lesotho % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.22% 0.00% 1996 0 0.22% 0.00% 1997 0 0.22% 0.00% 1998 0 0.22% 0.00% 1999 0 0.21% 0.00% 2000 0 0.20% 0.00% 2001 1 0.21% 0.00% 2002 1 0.22% 0.00% 2003 1 0.23% 0.00% 2004 1 0.25% 0.00% 2005 1 0.26% 0.01% _________________________________________________________________________________________________________




2.26 LIBERIA Razors and Blades (million US $): Liberia 1995 - 2005

Year Liberia % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.21% 0.00% 1996 0 0.22% 0.00% 1997 1 0.23% 0.00% 1998 1 0.24% 0.00% 1999 1 0.24% 0.00% 2000 1 0.25% 0.00% 2001 1 0.25% 0.00% 2002 1 0.25% 0.00% 2003 1 0.25% 0.00% 2004 1 0.25% 0.00% 2005 1 0.25% 0.00% _________________________________________________________________________________________________________


2.27 LIBYA Razors and Blades (million US $): Libya 1995 - 2005

Year Libya % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 1.32% 0.00% 1996 3 1.47% 0.00% 1997 3 1.60% 0.06% 1998 4 1.78% 0.00% 1999 4 1.87% 0.07% 2000 4 1.95% 0.00% 2001 5 2.01% 0.00% 2002 5 2.08% 0.00% 2003 6 2.15% 0.00% 2004 6 2.22% 0.00% 2005 7 2.29% 0.00% _________________________________________________________________________________________________________




2.28 MADAGASCAR Razors and Blades (million US $): Madagascar 1995 - 2005

Year Madagascar % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.58% 0.00% 1996 1 0.62% 0.00% 1997 1 0.64% 0.00% 1998 1 0.65% 0.00% 1999 1 0.65% 0.00% 2000 1 0.65% 0.00% 2001 2 0.66% 0.00% 2002 2 0.67% 0.00% 2003 2 0.67% 0.00% 2004 2 0.68% 0.00% 2005 2 0.69% 0.00% _________________________________________________________________________________________________________


2.29 MALAWI Razors and Blades (million US $): Malawi 1995 - 2005

Year Malawi % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.42% 0.00% 1996 1 0.43% 0.00% 1997 1 0.44% 0.00% 1998 1 0.43% 0.00% 1999 1 0.42% 0.00% 2000 1 0.41% 0.00% 2001 1 0.42% 0.00% 2002 1 0.44% 0.00% 2003 1 0.46% 0.00% 2004 1 0.48% 0.00% 2005 1 0.49% 0.00% _________________________________________________________________________________________________________




2.30 MALI Razors and Blades (million US $): Mali 1995 - 2005

Year Mali % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.52% 0.00% 1996 1 0.55% 0.00% 1997 1 0.57% 0.00% 1998 1 0.59% 0.00% 1999 1 0.59% 0.00% 2000 1 0.59% 0.00% 2001 1 0.59% 0.00% 2002 2 0.60% 0.00% 2003 2 0.61% 0.00% 2004 2 0.61% 0.00% 2005 2 0.62% 0.00% _________________________________________________________________________________________________________


2.31 MAURITANIA Razors and Blades (million US $): Mauritania 1995 - 2005

Year Mauritania % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.22% 0.00% 1996 0 0.23% 0.00% 1997 1 0.23% 0.00% 1998 1 0.24% 0.00% 1999 1 0.24% 0.00% 2000 1 0.23% 0.00% 2001 1 0.24% 0.00% 2002 1 0.24% 0.00% 2003 1 0.25% 0.00% 2004 1 0.25% 0.00% 2005 1 0.26% 0.01% _________________________________________________________________________________________________________




2.32 MAURITIUS Razors and Blades (million US $): Mauritius 1995 - 2005

Year Mauritius % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.49% 0.00% 1996 1 0.52% 0.00% 1997 1 0.54% 0.00% 1998 1 0.55% 0.00% 1999 1 0.55% 0.00% 2000 1 0.55% 0.00% 2001 1 0.55% 0.00% 2002 1 0.56% 0.00% 2003 2 0.57% 0.00% 2004 2 0.57% 0.00% 2005 2 0.58% 0.00% _________________________________________________________________________________________________________


2.33 MOROCCO Razors and Blades (million US $): Morocco 1995 - 2005

Year Morocco % of Region % of Globe _________________________________________________________________________________________________________ 1995 9 4.30% 0.18% 1996 9 4.46% 0.18% 1997 9 4.27% 0.17% 1998 10 4.52% 0.18% 1999 10 4.59% 0.18% 2000 10 4.60% 0.18% 2001 11 4.56% 0.17% 2002 11 4.52% 0.17% 2003 12 4.48% 0.17% 2004 12 4.43% 0.17% 2005 13 4.38% 0.17% _________________________________________________________________________________________________________




2.34 MOZAMBIQUE Razors and Blades (million US $): Mozambique 1995 - 2005

Year Mozambique % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.29% 0.01% 1996 1 0.31% 0.00% 1997 1 0.33% 0.01% 1998 1 0.34% 0.00% 1999 1 0.35% 0.00% 2000 1 0.35% 0.00% 2001 1 0.35% 0.00% 2002 1 0.35% 0.01% 2003 1 0.35% 0.00% 2004 1 0.35% 0.00% 2005 1 0.34% 0.00% _________________________________________________________________________________________________________


2.35 NAMIBIA Razors and Blades (million US $): Namibia 1995 - 2005

Year Namibia % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.37% 0.01% 1996 1 0.38% 0.00% 1997 1 0.39% 0.00% 1998 1 0.39% 0.00% 1999 1 0.38% 0.00% 2000 1 0.38% 0.00% 2001 1 0.39% 0.01% 2002 1 0.40% 0.00% 2003 1 0.41% 0.00% 2004 1 0.42% 0.00% 2005 1 0.43% 0.00% _________________________________________________________________________________________________________




2.36 NIGER Razors and Blades (million US $): Niger 1995 - 2005

Year Niger % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.54% 0.00% 1996 1 0.55% 0.00% 1997 1 0.56% 0.00% 1998 1 0.57% 0.00% 1999 1 0.56% 0.00% 2000 1 0.55% 0.00% 2001 1 0.56% 0.00% 2002 1 0.58% 0.00% 2003 2 0.59% 0.00% 2004 2 0.61% 0.00% 2005 2 0.63% 0.02% _________________________________________________________________________________________________________


2.37 NIGERIA Razors and Blades (million US $): Nigeria 1995 - 2005

Year Nigeria % of Region % of Globe _________________________________________________________________________________________________________ 1995 7 3.26% 0.13% 1996 8 3.60% 0.14% 1997 8 3.87% 0.16% 1998 9 4.30% 0.17% 1999 10 4.51% 0.18% 2000 11 4.68% 0.18% 2001 12 4.82% 0.18% 2002 12 4.95% 0.19% 2003 13 5.09% 0.20% 2004 14 5.23% 0.20% 2005 16 5.38% 0.21% _________________________________________________________________________________________________________




2.38 REPUBLIC OF CONGO Razors and Blades (million US $): Republic of Congo 1995 - 2005

Year Republic of Congo % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.48% 0.00% 1996 1 0.50% 0.00% 1997 1 0.52% 0.00% 1998 1 0.53% 0.00% 1999 1 0.53% 0.00% 2000 1 0.52% 0.00% 2001 1 0.53% 0.00% 2002 1 0.54% 0.00% 2003 1 0.55% 0.00% 2004 2 0.56% 0.00% 2005 2 0.56% 0.00% _________________________________________________________________________________________________________


2.39 RWANDA Razors and Blades (million US $): Rwanda 1995 - 2005

Year Rwanda % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.39% 0.00% 1996 1 0.42% 0.00% 1997 1 0.45% 0.00% 1998 1 0.46% 0.00% 1999 1 0.47% 0.00% 2000 1 0.48% 0.00% 2001 1 0.48% 0.00% 2002 1 0.48% 0.00% 2003 1 0.47% 0.00% 2004 1 0.47% 0.00% 2005 1 0.47% 0.00% _________________________________________________________________________________________________________




2.40 SAO TOME E PRINCIPE Razors and Blades (million US $): Sao Tome E Principe 1995 - 2005

Year Sao Tome E Principe % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


2.41 SENEGAL Razors and Blades (million US $): Senegal 1995 - 2005

Year Senegal % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 1.19% 0.00% 1996 3 1.25% 0.00% 1997 3 1.28% 0.00% 1998 3 1.29% 0.05% 1999 3 1.28% 0.00% 2000 3 1.27% 0.00% 2001 3 1.29% 0.00% 2002 3 1.32% 0.00% 2003 4 1.35% 0.00% 2004 4 1.37% 0.00% 2005 4 1.40% 0.00% _________________________________________________________________________________________________________




2.42 SIERRA LEONE Razors and Blades (million US $): Sierra Leone 1995 - 2005

Year Sierra Leone % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.22% 0.00% 1996 1 0.24% 0.00% 1997 1 0.25% 0.00% 1998 1 0.26% 0.00% 1999 1 0.27% 0.00% 2000 1 0.27% 0.00% 2001 1 0.27% 0.00% 2002 1 0.27% 0.01% 2003 1 0.27% 0.00% 2004 1 0.27% 0.00% 2005 1 0.27% 0.00% _________________________________________________________________________________________________________


2.43 SOMALIA Razors and Blades (million US $): Somalia 1995 - 2005

Year Somalia % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.26% 0.00% 1996 1 0.28% 0.00% 1997 1 0.29% 0.00% 1998 1 0.30% 0.00% 1999 1 0.30% 0.00% 2000 1 0.30% 0.00% 2001 1 0.30% 0.00% 2002 1 0.30% 0.00% 2003 1 0.30% 0.00% 2004 1 0.31% 0.00% 2005 1 0.31% 0.01% _________________________________________________________________________________________________________




2.44 SOUTH AFRICA Razors and Blades (million US $): South Africa 1995 - 2005

Year South Africa % of Region % of Globe _________________________________________________________________________________________________________ 1995 103 49.46% 2.10% 1996 97 46.34% 1.90% 1997 97 44.66% 1.87% 1998 91 42.67% 1.72% 1999 92 42.04% 1.67% 2000 95 41.60% 1.64% 2001 97 40.80% 1.60% 2002 100 39.94% 1.57% 2003 103 39.08% 1.53% 2004 106 38.21% 1.49% 2005 109 37.35% 1.46% _________________________________________________________________________________________________________


2.45 SUDAN Razors and Blades (million US $): Sudan 1995 - 2005

Year Sudan % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.97% 0.00% 1996 4 2.10% 0.00% 1997 5 2.21% 0.00% 1998 5 2.29% 0.00% 1999 5 2.32% 0.00% 2000 5 2.34% 0.00% 2001 6 2.34% 0.00% 2002 6 2.34% 0.00% 2003 6 2.34% 0.00% 2004 6 2.34% 0.00% 2005 7 2.33% 0.00% _________________________________________________________________________________________________________




2.46 SWAZILAND Razors and Blades (million US $): Swaziland 1995 - 2005

Year Swaziland % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.17% 0.00% 1996 0 0.18% 0.00% 1997 0 0.19% 0.00% 1998 0 0.19% 0.00% 1999 0 0.19% 0.00% 2000 0 0.19% 0.00% 2001 0 0.19% 0.00% 2002 1 0.20% 0.00% 2003 1 0.20% 0.00% 2004 1 0.20% 0.00% 2005 1 0.20% 0.00% _________________________________________________________________________________________________________


2.47 TANZANIA Razors and Blades (million US $): Tanzania 1995 - 2005

Year Tanzania % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 1.32% 0.00% 1996 3 1.39% 0.00% 1997 3 1.44% 0.06% 1998 3 1.47% 0.00% 1999 3 1.47% 0.00% 2000 3 1.47% 0.00% 2001 4 1.49% 0.00% 2002 4 1.50% 0.00% 2003 4 1.52% 0.00% 2004 4 1.54% 0.00% 2005 5 1.56% 0.00% _________________________________________________________________________________________________________




2.48 THE GAMBIA Razors and Blades (million US $): The Gambia 1995 - 2005

Year The Gambia % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.06% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


2.49 TOGO Razors and Blades (million US $): Togo 1995 - 2005

Year Togo % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.32% 0.00% 1996 1 0.33% 0.00% 1997 1 0.34% 0.00% 1998 1 0.34% 0.00% 1999 1 0.34% 0.01% 2000 1 0.33% 0.01% 2001 1 0.34% 0.00% 2002 1 0.35% 0.00% 2003 1 0.36% 0.00% 2004 1 0.37% 0.00% 2005 1 0.38% 0.00% _________________________________________________________________________________________________________




2.50 TUNISIA Razors and Blades (million US $): Tunisia 1995 - 2005

Year Tunisia % of Region % of Globe _________________________________________________________________________________________________________ 1995 6 2.81% 0.11% 1996 6 2.93% 0.12% 1997 7 3.01% 0.12% 1998 7 3.05% 0.12% 1999 7 3.03% 0.12% 2000 7 3.00% 0.11% 2001 7 3.05% 0.12% 2002 8 3.11% 0.12% 2003 8 3.18% 0.12% 2004 9 3.24% 0.12% 2005 10 3.30% 0.12% _________________________________________________________________________________________________________


2.51 UGANDA Razors and Blades (million US $): Uganda 1995 - 2005

Year Uganda % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 1.21% 0.00% 1996 3 1.25% 0.00% 1997 3 1.27% 0.05% 1998 3 1.27% 0.00% 1999 3 1.25% 0.00% 2000 3 1.23% 0.00% 2001 3 1.26% 0.00% 2002 3 1.30% 0.00% 2003 4 1.33% 0.00% 2004 4 1.37% 0.00% 2005 4 1.41% 0.00% _________________________________________________________________________________________________________




2.52 ZAMBIA Razors and Blades (million US $): Zambia 1995 - 2005

Year Zambia % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.63% 0.00% 1996 1 0.67% 0.02% 1997 2 0.71% 0.00% 1998 2 0.73% 0.00% 1999 2 0.74% 0.00% 2000 2 0.75% 0.00% 2001 2 0.75% 0.00% 2002 2 0.75% 0.02% 2003 2 0.75% 0.00% 2004 2 0.75% 0.00% 2005 2 0.75% 0.00% _________________________________________________________________________________________________________


2.53 ZIMBABWE Razors and Blades (million US $): Zimbabwe 1995 - 2005

Year Zimbabwe % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 1.10% 0.04% 1996 2 1.18% 0.00% 1997 3 1.25% 0.00% 1998 3 1.30% 0.00% 1999 3 1.32% 0.00% 2000 3 1.34% 0.00% 2001 3 1.34% 0.00% 2002 3 1.33% 0.05% 2003 4 1.33% 0.00% 2004 4 1.32% 0.00% 2005 4 1.31% 0.00% _________________________________________________________________________________________________________




3 ASIA: RAZORS AND BLADES

3.1 EXECUTIVE SUMMARY Market Potential for Razors and Blades in Asia (million US $): 2000

Country Latent Demand million US $ % of Asia _________________________________________________________________________________________________________ Japan 332 45.93% India 165 22.87% South Korea 64 8.91% China 41 5.61% Philippines 26 3.56% Thailand 16 2.14% Burma 14 1.93% Bangladesh 9 1.28% Hong Kong 9 1.25% Malaysia 9 1.24% Vietnam 8 1.07% Singapore 4 0.61% Sri Lanka 4 0.51% Brunei 4 0.49% Indonesia 3 0.46% Taiwan 3 0.46% North Korea 3 0.40% Papua New Guinea 2 0.24% Mongolia 2 0.24% Nepal 2 0.23% Cambodia 1 0.17% Macau 1 0.16% Laos 1 0.00% Seychelles 0 0.00% Bhutan 0 0.00% Other 0 0.24% Total 722 100.00% _________________________________________________________________________________________________________




Market Potential for Razors and Blades in Asia (million US $): 2000

Japan

India South Korea

China

Other

The Market for Razors and Blades in Asia: 1995 - 2005

Year million US $ % of Globe _________________________________________________________________________________________________________ 1995 739.63 15.08 1996 723.37 14.15 1997 686.82 13.29 1998 640.97 12.18 1999 673.12 12.25 2000 722.26 12.53 2001 776.03 12.81 2002 834.48 13.10 2003 897.95 13.40 2004 966.92 13.71 2005 1,041.88 14.03 _________________________________________________________________________________________________________




3.2 BANGLADESH Razors and Blades (million US $): Bangladesh 1995 - 2005

Year Bangladesh % of Region % of Globe _________________________________________________________________________________________________________ 1995 7 0.94% 0.14% 1996 8 1.04% 0.14% 1997 8 1.15% 0.15% 1998 8 1.28% 0.15% 1999 9 1.29% 0.15% 2000 9 1.28% 0.16% 2001 10 1.26% 0.16% 2002 10 1.25% 0.16% 2003 11 1.24% 0.16% 2004 12 1.22% 0.16% 2005 13 1.21% 0.17% _________________________________________________________________________________________________________


3.3 BHUTAN Razors and Blades (million US $): Bhutan 1995 - 2005

Year Bhutan % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




3.4 BRUNEI Razors and Blades (million US $): Brunei 1995 - 2005

Year Brunei % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 0.39% 0.00% 1996 3 0.42% 0.00% 1997 3 0.48% 0.00% 1998 3 0.52% 0.00% 1999 3 0.51% 0.06% 2000 4 0.49% 0.00% 2001 4 0.49% 0.00% 2002 4 0.48% 0.00% 2003 4 0.47% 0.00% 2004 5 0.46% 0.00% 2005 5 0.46% 0.00% _________________________________________________________________________________________________________


3.5 BURMA Razors and Blades (million US $): Burma 1995 - 2005

Year Burma % of Region % of Globe _________________________________________________________________________________________________________ 1995 10 1.38% 0.20% 1996 11 1.53% 0.21% 1997 12 1.72% 0.22% 1998 13 1.96% 0.23% 1999 13 1.97% 0.24% 2000 14 1.93% 0.24% 2001 15 1.88% 0.24% 2002 15 1.84% 0.24% 2003 16 1.80% 0.24% 2004 17 1.76% 0.24% 2005 18 1.72% 0.24% _________________________________________________________________________________________________________




3.6 CAMBODIA Razors and Blades (million US $): Cambodia 1995 - 2005

Year Cambodia % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.15% 0.00% 1996 1 0.16% 0.00% 1997 1 0.17% 0.00% 1998 1 0.18% 0.00% 1999 1 0.18% 0.00% 2000 1 0.17% 0.00% 2001 1 0.17% 0.00% 2002 1 0.17% 0.00% 2003 2 0.17% 0.00% 2004 2 0.17% 0.00% 2005 2 0.17% 0.00% _________________________________________________________________________________________________________


3.7 CHINA Razors and Blades (million US $): China 1995 - 2005

Year China % of Region % of Globe _________________________________________________________________________________________________________ 1995 32 4.36% 0.65% 1996 36 4.96% 0.70% 1997 38 5.50% 0.73% 1998 39 6.05% 0.73% 1999 40 5.89% 0.72% 2000 41 5.61% 0.70% 2001 41 5.34% 0.68% 2002 42 5.07% 0.66% 2003 43 4.82% 0.64% 2004 44 4.58% 0.62% 2005 45 4.34% 0.60% _________________________________________________________________________________________________________




3.8 HONG KONG Razors and Blades (million US $): Hong Kong 1995 - 2005

Year Hong Kong % of Region % of Globe _________________________________________________________________________________________________________ 1995 7 0.93% 0.14% 1996 7 1.03% 0.14% 1997 8 1.17% 0.15% 1998 8 1.30% 0.15% 1999 9 1.29% 0.15% 2000 9 1.25% 0.15% 2001 9 1.20% 0.15% 2002 10 1.16% 0.15% 2003 10 1.12% 0.15% 2004 10 1.08% 0.14% 2005 11 1.04% 0.14% _________________________________________________________________________________________________________


3.9 INDIA Razors and Blades (million US $): India 1995 - 2005

Year India % of Region % of Globe _________________________________________________________________________________________________________ 1995 142 19.24% 2.90% 1996 144 19.97% 2.82% 1997 150 21.84% 2.90% 1998 150 23.34% 2.84% 1999 157 23.25% 2.84% 2000 165 22.87% 2.86% 2001 174 22.47% 2.87% 2002 184 22.06% 2.89% 2003 194 21.64% 2.90% 2004 205 21.21% 2.90% 2005 217 20.78% 2.91% _________________________________________________________________________________________________________




3.10 INDONESIA Razors and Blades (million US $): Indonesia 1995 - 2005

Year Indonesia % of Region % of Globe _________________________________________________________________________________________________________ 1995 8 1.02% 0.15% 1996 9 1.26% 0.17% 1997 8 1.14% 0.15% 1998 4 0.55% 0.00% 1999 3 0.45% 0.00% 2000 3 0.46% 0.00% 2001 4 0.47% 0.06% 2002 4 0.49% 0.06% 2003 5 0.50% 0.00% 2004 5 0.51% 0.00% 2005 5 0.52% 0.00% _________________________________________________________________________________________________________


3.11 JAPAN Razors and Blades (million US $): Japan 1995 - 2005

Year Japan % of Region % of Globe _________________________________________________________________________________________________________ 1995 366 49.49% 7.46% 1996 331 45.80% 6.48% 1997 295 42.96% 5.71% 1998 280 43.63% 5.31% 1999 302 44.80% 5.48% 2000 332 45.93% 5.75% 2001 365 47.02% 6.02% 2002 401 48.10% 6.30% 2003 442 49.17% 6.59% 2004 486 50.23% 6.88% 2005 534 51.28% 7.19% _________________________________________________________________________________________________________




3.12 LAOS Razors and Blades (million US $): Laos 1995 - 2005

Year Laos % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.00% 1996 1 0.00% 0.00% 1997 1 0.00% 0.00% 1998 1 0.00% 0.00% 1999 1 0.00% 0.01% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.00% 0.00% 2003 1 0.00% 0.00% 2004 1 0.00% 0.00% 2005 1 0.00% 0.00% _________________________________________________________________________________________________________


3.13 MACAU Razors and Blades (million US $): Macau 1995 - 2005

Year Macau % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.13% 0.00% 1996 1 0.14% 0.00% 1997 1 0.16% 0.00% 1998 1 0.17% 0.00% 1999 1 0.17% 0.02% 2000 1 0.16% 0.00% 2001 1 0.16% 0.00% 2002 1 0.16% 0.00% 2003 1 0.16% 0.00% 2004 2 0.16% 0.00% 2005 2 0.15% 0.00% _________________________________________________________________________________________________________




3.14 MALAYSIA Razors and Blades (million US $): Malaysia 1995 - 2005

Year Malaysia % of Region % of Globe _________________________________________________________________________________________________________ 1995 7 0.90% 0.13% 1996 8 1.13% 0.16% 1997 9 1.27% 0.16% 1998 8 1.21% 0.14% 1999 8 1.21% 0.14% 2000 9 1.24% 0.15% 2001 10 1.25% 0.16% 2002 11 1.27% 0.16% 2003 12 1.29% 0.17% 2004 13 1.31% 0.18% 2005 14 1.32% 0.18% _________________________________________________________________________________________________________


3.15 MALDIVES Razors and Blades (million US $): Maldives 1995 - 2005

Year Maldives % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.01% 0.00% 1999 0 0.01% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




3.16 MONGOLIA Razors and Blades (million US $): Mongolia 1995 - 2005

Year Mongolia % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.21% 0.00% 1996 2 0.22% 0.00% 1997 2 0.25% 0.00% 1998 2 0.26% 0.00% 1999 2 0.25% 0.00% 2000 2 0.24% 0.00% 2001 2 0.24% 0.00% 2002 2 0.24% 0.00% 2003 2 0.24% 0.03% 2004 2 0.24% 0.03% 2005 3 0.24% 0.00% _________________________________________________________________________________________________________


3.17 NEPAL Razors and Blades (million US $): Nepal 1995 - 2005

Year Nepal % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.18% 0.00% 1996 1 0.20% 0.00% 1997 2 0.22% 0.00% 1998 2 0.24% 0.00% 1999 2 0.24% 0.00% 2000 2 0.23% 0.00% 2001 2 0.23% 0.02% 2002 2 0.22% 0.00% 2003 2 0.22% 0.00% 2004 2 0.22% 0.00% 2005 2 0.21% 0.00% _________________________________________________________________________________________________________




3.18 NORTH KOREA Razors and Blades (million US $): North Korea 1995 - 2005

Year North Korea % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.26% 0.04% 1996 2 0.30% 0.00% 1997 2 0.34% 0.04% 1998 3 0.40% 0.00% 1999 3 0.40% 0.00% 2000 3 0.40% 0.00% 2001 3 0.40% 0.00% 2002 3 0.39% 0.00% 2003 4 0.39% 0.00% 2004 4 0.39% 0.00% 2005 4 0.39% 0.00% _________________________________________________________________________________________________________


3.19 PAPUA NEW GUINEA Razors and Blades (million US $): Papua New Guinea 1995 - 2005

Year Papua New Guinea % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.18% 0.00% 1996 1 0.19% 0.00% 1997 2 0.23% 0.00% 1998 2 0.25% 0.00% 1999 2 0.25% 0.00% 2000 2 0.24% 0.03% 2001 2 0.23% 0.00% 2002 2 0.23% 0.00% 2003 2 0.22% 0.00% 2004 2 0.21% 0.00% 2005 2 0.21% 0.00% _________________________________________________________________________________________________________




3.20 PHILIPPINES Razors and Blades (million US $): Philippines 1995 - 2005

Year Philippines % of Region % of Globe _________________________________________________________________________________________________________ 1995 25 3.43% 0.51% 1996 27 3.79% 0.53% 1997 27 3.88% 0.51% 1998 22 3.50% 0.42% 1999 24 3.49% 0.42% 2000 26 3.56% 0.44% 2001 28 3.62% 0.46% 2002 31 3.68% 0.48% 2003 34 3.74% 0.50% 2004 37 3.80% 0.52% 2005 40 3.85% 0.54% _________________________________________________________________________________________________________


3.21 SEYCHELLES Razors and Blades (million US $): Seychelles 1995 - 2005

Year Seychelles % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.01% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.02% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.02% 0.00% _________________________________________________________________________________________________________




3.22 SINGAPORE Razors and Blades (million US $): Singapore 1995 - 2005

Year Singapore % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 0.44% 0.00% 1996 4 0.52% 0.00% 1997 4 0.58% 0.00% 1998 4 0.60% 0.00% 1999 4 0.61% 0.00% 2000 4 0.61% 0.00% 2001 5 0.61% 0.00% 2002 5 0.60% 0.00% 2003 5 0.60% 0.00% 2004 6 0.60% 0.00% 2005 6 0.60% 0.08% _________________________________________________________________________________________________________


3.23 SOUTH KOREA Razors and Blades (million US $): South Korea 1995 - 2005

Year South Korea % of Region % of Globe _________________________________________________________________________________________________________ 1995 87 11.81% 1.78% 1996 90 12.39% 1.75% 1997 83 12.05% 1.60% 1998 64 10.00% 1.21% 1999 63 9.30% 1.13% 2000 64 8.91% 1.11% 2001 66 8.54% 1.09% 2002 68 8.17% 1.07% 2003 70 7.81% 1.04% 2004 72 7.46% 1.02% 2005 74 7.12% 0.99% _________________________________________________________________________________________________________




3.24 SRI LANKA Razors and Blades (million US $): Sri Lanka 1995 - 2005

Year Sri Lanka % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 0.44% 0.00% 1996 3 0.47% 0.00% 1997 4 0.52% 0.00% 1998 4 0.55% 0.00% 1999 4 0.53% 0.00% 2000 4 0.51% 0.00% 2001 4 0.51% 0.06% 2002 4 0.51% 0.00% 2003 5 0.51% 0.00% 2004 5 0.51% 0.00% 2005 5 0.51% 0.00% _________________________________________________________________________________________________________


3.25 TAIWAN Razors and Blades (million US $): Taiwan 1995 - 2005

Year Taiwan % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 0.61% 0.09% 1996 5 0.71% 0.10% 1997 4 0.63% 0.00% 1998 3 0.47% 0.00% 1999 3 0.45% 0.00% 2000 3 0.46% 0.00% 2001 4 0.47% 0.00% 2002 4 0.48% 0.06% 2003 4 0.50% 0.06% 2004 5 0.51% 0.00% 2005 5 0.52% 0.07% _________________________________________________________________________________________________________




3.26 THAILAND Razors and Blades (million US $): Thailand 1995 - 2005

Year Thailand % of Region % of Globe _________________________________________________________________________________________________________ 1995 20 2.68% 0.40% 1996 20 2.82% 0.40% 1997 18 2.58% 0.34% 1998 15 2.27% 0.27% 1999 15 2.18% 0.26% 2000 16 2.14% 0.26% 2001 16 2.10% 0.27% 2002 17 2.06% 0.27% 2003 18 2.02% 0.27% 2004 19 1.98% 0.27% 2005 20 1.93% 0.27% _________________________________________________________________________________________________________


3.27 VIETNAM Razors and Blades (million US $): Vietnam 1995 - 2005

Year Vietnam % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 0.61% 0.00% 1996 5 0.72% 0.10% 1997 6 0.91% 0.12% 1998 6 1.01% 0.12% 1999 7 1.04% 0.12% 2000 8 1.07% 0.13% 2001 9 1.09% 0.14% 2002 9 1.12% 0.14% 2003 10 1.14% 0.15% 2004 11 1.17% 0.16% 2005 12 1.19% 0.16% _________________________________________________________________________________________________________




4 EUROPE: RAZORS AND BLADES

4.1 EXECUTIVE SUMMARY Market Potential for Razors and Blades in Europe (million US $): 2000

Country Latent Demand million US $ % of Europe _________________________________________________________________________________________________________ United Kingdom 389 18.19% Germany 355 16.59% France 352 16.47% Italy 278 12.99% Spain 162 7.57% Netherlands 70 3.28% Russia 70 3.26% Greece 54 2.52% Portugal 45 2.11% Belgium 39 1.83% Poland 33 1.54% Austria 32 1.48% Ukraine 28 1.30% Belarus 25 1.19% Switzerland 22 1.03% Sweden 20 0.94% Denmark 16 0.74% Ireland 16 0.72% Norway 15 0.71% Kazakhstan 9 0.42% Georgia 9 0.41% Finland 9 0.39% Slovenia 8 0.39% Lithuania 8 0.37% Croatia 8 0.36% Other 64 3.2% Total 2,135 100.00% _________________________________________________________________________________________________________




Market Potential for Razors and Blades in Europe (million US $): 2000

United Kingdom

Germany

France Italy

Other

The Market for Razors and Blades in Europe: 1995 - 2005

Year million US $ % of Globe _________________________________________________________________________________________________________ 1995 1,909.61 38.94 1996 1,980.82 38.76 1997 1,942.18 37.59 1998 1,984.20 37.71 1999 2,057.60 37.44 2000 2,137.21 37.07 2001 2,221.79 36.68 2002 2,311.19 36.29 2003 2,405.62 35.90 2004 2,505.43 35.53 2005 2,610.97 35.15 _________________________________________________________________________________________________________




4.2 ALBANIA Razors and Blades (million US $): Albania 1995 - 2005

Year Albania % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.00% 0.00% 1996 2 0.00% 0.00% 1997 2 0.00% 0.00% 1998 2 0.00% 0.00% 1999 2 0.00% 0.00% 2000 2 0.00% 0.00% 2001 2 0.00% 0.00% 2002 2 0.00% 0.00% 2003 2 0.00% 0.00% 2004 2 0.00% 0.00% 2005 3 0.00% 0.00% _________________________________________________________________________________________________________


4.3 ANDORRA Razors and Blades (million US $): Andorra 1995 - 2005

Year Andorra % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




4.4 AUSTRIA Razors and Blades (million US $): Austria 1995 - 2005

Year Austria % of Region % of Globe _________________________________________________________________________________________________________ 1995 34 1.78% 0.69% 1996 33 1.67% 0.64% 1997 30 1.56% 0.58% 1998 30 1.53% 0.57% 1999 31 1.50% 0.56% 2000 32 1.48% 0.54% 2001 32 1.45% 0.53% 2002 33 1.42% 0.51% 2003 34 1.39% 0.50% 2004 34 1.36% 0.48% 2005 35 1.33% 0.47% _________________________________________________________________________________________________________


4.5 BELARUS Razors and Blades (million US $): Belarus 1995 - 2005

Year Belarus % of Region % of Globe _________________________________________________________________________________________________________ 1995 22 1.13% 0.44% 1996 24 1.18% 0.46% 1997 24 1.22% 0.46% 1998 22 1.12% 0.42% 1999 24 1.14% 0.42% 2000 25 1.19% 0.44% 2001 27 1.23% 0.45% 2002 30 1.27% 0.46% 2003 32 1.32% 0.47% 2004 34 1.37% 0.48% 2005 37 1.42% 0.49% _________________________________________________________________________________________________________




4.6 BELGIUM Razors and Blades (million US $): Belgium 1995 - 2005

Year Belgium % of Region % of Globe _________________________________________________________________________________________________________ 1995 41 2.14% 0.83% 1996 41 2.08% 0.80% 1997 38 1.97% 0.74% 1998 39 1.95% 0.73% 1999 39 1.90% 0.71% 2000 39 1.83% 0.67% 2001 39 1.76% 0.64% 2002 39 1.69% 0.61% 2003 39 1.63% 0.58% 2004 39 1.57% 0.55% 2005 39 1.51% 0.53% _________________________________________________________________________________________________________


4.7 BOSNIA AND HERZEGOVINA Razors and Blades (million US $): Bosnia and Herzegovina 1995 - 2005

Year Bosnia and Herzegovina % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 0.20% 0.00% 1996 4 0.21% 0.00% 1997 5 0.23% 0.00% 1998 5 0.23% 0.00% 1999 5 0.23% 0.00% 2000 5 0.23% 0.00% 2001 5 0.23% 0.00% 2002 6 0.23% 0.00% 2003 6 0.24% 0.08% 2004 6 0.24% 0.00% 2005 6 0.24% 0.00% _________________________________________________________________________________________________________




4.8 BULGARIA Razors and Blades (million US $): Bulgaria 1995 - 2005

Year Bulgaria % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.12% 0.00% 1996 2 0.00% 0.00% 1997 2 0.00% 0.00% 1998 2 0.10% 0.00% 1999 2 0.10% 0.00% 2000 2 0.10% 0.03% 2001 2 0.10% 0.00% 2002 2 0.10% 0.03% 2003 2 0.10% 0.00% 2004 2 0.09% 0.00% 2005 3 0.00% 0.00% _________________________________________________________________________________________________________


4.9 CROATIA Razors and Blades (million US $): Croatia 1995 - 2005

Year Croatia % of Region % of Globe _________________________________________________________________________________________________________ 1995 7 0.35% 0.13% 1996 7 0.34% 0.13% 1997 7 0.35% 0.13% 1998 7 0.35% 0.13% 1999 7 0.36% 0.13% 2000 8 0.36% 0.13% 2001 8 0.36% 0.13% 2002 8 0.36% 0.13% 2003 9 0.36% 0.12% 2004 9 0.35% 0.12% 2005 9 0.35% 0.12% _________________________________________________________________________________________________________




4.10 CYPRUS Razors and Blades (million US $): Cyprus 1995 - 2005

Year Cyprus % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.11% 0.00% 1996 2 0.11% 0.04% 1997 2 0.12% 0.00% 1998 2 0.12% 0.00% 1999 3 0.12% 0.00% 2000 3 0.12% 0.00% 2001 3 0.12% 0.00% 2002 3 0.12% 0.00% 2003 3 0.13% 0.00% 2004 3 0.13% 0.04% 2005 4 0.13% 0.00% _________________________________________________________________________________________________________


4.11 CZECH REPUBLIC Razors and Blades (million US $): Czech Republic 1995 - 2005

Year Czech Republic % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 0.20% 0.00% 1996 4 0.20% 0.00% 1997 4 0.20% 0.00% 1998 4 0.21% 0.00% 1999 5 0.22% 0.00% 2000 5 0.23% 0.00% 2001 6 0.24% 0.00% 2002 6 0.25% 0.09% 2003 6 0.26% 0.00% 2004 7 0.27% 0.00% 2005 8 0.28% 0.10% _________________________________________________________________________________________________________




4.12 DENMARK Razors and Blades (million US $): Denmark 1995 - 2005

Year Denmark % of Region % of Globe _________________________________________________________________________________________________________ 1995 16 0.82% 0.32% 1996 16 0.80% 0.31% 1997 15 0.78% 0.29% 1998 16 0.78% 0.29% 1999 16 0.76% 0.28% 2000 16 0.74% 0.27% 2001 16 0.72% 0.26% 2002 16 0.70% 0.25% 2003 16 0.68% 0.24% 2004 17 0.66% 0.23% 2005 17 0.63% 0.22% _________________________________________________________________________________________________________


4.13 ESTONIA Razors and Blades (million US $): Estonia 1995 - 2005

Year Estonia % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 0.17% 0.00% 1996 4 0.18% 0.00% 1997 4 0.19% 0.00% 1998 4 0.18% 0.00% 1999 4 0.18% 0.00% 2000 4 0.18% 0.00% 2001 4 0.18% 0.00% 2002 4 0.19% 0.00% 2003 5 0.20% 0.00% 2004 5 0.20% 0.00% 2005 6 0.21% 0.00% _________________________________________________________________________________________________________




4.14 FINLAND Razors and Blades (million US $): Finland 1995 - 2005

Year Finland % of Region % of Globe _________________________________________________________________________________________________________ 1995 8 0.42% 0.16% 1996 9 0.43% 0.16% 1997 8 0.42% 0.15% 1998 8 0.41% 0.15% 1999 8 0.40% 0.15% 2000 9 0.39% 0.14% 2001 9 0.39% 0.14% 2002 9 0.38% 0.13% 2003 9 0.37% 0.13% 2004 9 0.36% 0.12% 2005 9 0.35% 0.12% _________________________________________________________________________________________________________


4.15 FRANCE Razors and Blades (million US $): France 1995 - 2005

Year France % of Region % of Globe _________________________________________________________________________________________________________ 1995 309 16.19% 6.30% 1996 324 16.36% 6.34% 1997 309 15.90% 5.97% 1998 319 16.08% 6.06% 1999 335 16.29% 6.09% 2000 352 16.47% 6.10% 2001 370 16.64% 6.10% 2002 388 16.80% 6.09% 2003 408 16.96% 6.09% 2004 429 17.10% 6.07% 2005 450 17.24% 6.06% _________________________________________________________________________________________________________




4.16 GEORGIA Razors and Blades (million US $): Georgia 1995 - 2005

Year Georgia % of Region % of Globe _________________________________________________________________________________________________________ 1995 6 0.34% 0.13% 1996 7 0.35% 0.13% 1997 8 0.39% 0.14% 1998 8 0.39% 0.15% 1999 8 0.40% 0.15% 2000 9 0.41% 0.15% 2001 10 0.43% 0.15% 2002 10 0.44% 0.16% 2003 11 0.45% 0.16% 2004 12 0.46% 0.16% 2005 13 0.48% 0.16% _________________________________________________________________________________________________________


4.17 GERMANY Razors and Blades (million US $): Germany 1995 - 2005

Year Germany % of Region % of Globe _________________________________________________________________________________________________________ 1995 370 19.37% 7.54% 1996 370 18.66% 7.23% 1997 344 17.71% 6.66% 1998 344 17.35% 6.54% 1999 349 16.98% 6.35% 2000 355 16.59% 6.15% 2001 360 16.20% 5.94% 2002 365 15.80% 5.73% 2003 371 15.41% 5.53% 2004 376 15.01% 5.33% 2005 382 14.62% 5.14% _________________________________________________________________________________________________________




4.18 GREECE Razors and Blades (million US $): Greece 1995 - 2005

Year Greece % of Region % of Globe _________________________________________________________________________________________________________ 1995 48 2.52% 0.98% 1996 51 2.56% 0.99% 1997 49 2.52% 0.95% 1998 49 2.45% 0.92% 1999 51 2.47% 0.92% 2000 54 2.52% 0.93% 2001 57 2.56% 0.94% 2002 60 2.60% 0.94% 2003 64 2.64% 0.94% 2004 67 2.68% 0.95% 2005 71 2.72% 0.95% _________________________________________________________________________________________________________


4.19 HUNGARY Razors and Blades (million US $): Hungary 1995 - 2005

Year Hungary % of Region % of Globe _________________________________________________________________________________________________________ 1995 6 0.30% 0.11% 1996 6 0.28% 0.10% 1997 5 0.27% 0.10% 1998 5 0.26% 0.00% 1999 5 0.25% 0.00% 2000 5 0.23% 0.00% 2001 5 0.22% 0.00% 2002 5 0.21% 0.00% 2003 5 0.20% 0.00% 2004 5 0.19% 0.06% 2005 5 0.18% 0.06% _________________________________________________________________________________________________________




4.20 ICELAND Razors and Blades (million US $): Iceland 1995 - 2005

Year Iceland % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.11% 0.00% 1996 2 0.11% 0.00% 1997 2 0.12% 0.00% 1998 2 0.12% 0.00% 1999 3 0.12% 0.00% 2000 3 0.12% 0.00% 2001 3 0.12% 0.00% 2002 3 0.12% 0.00% 2003 3 0.13% 0.00% 2004 3 0.13% 0.00% 2005 4 0.13% 0.00% _________________________________________________________________________________________________________


4.21 IRELAND Razors and Blades (million US $): Ireland 1995 - 2005

Year Ireland % of Region % of Globe _________________________________________________________________________________________________________ 1995 12 0.62% 0.24% 1996 13 0.65% 0.25% 1997 14 0.69% 0.26% 1998 14 0.72% 0.27% 1999 15 0.72% 0.27% 2000 16 0.72% 0.27% 2001 16 0.73% 0.26% 2002 17 0.73% 0.26% 2003 18 0.73% 0.26% 2004 18 0.73% 0.25% 2005 19 0.73% 0.25% _________________________________________________________________________________________________________




4.22 ITALY Razors and Blades (million US $): Italy 1995 - 2005

Year Italy % of Region % of Globe _________________________________________________________________________________________________________ 1995 265 13.87% 5.40% 1996 285 14.37% 5.56% 1997 272 14.00% 5.26% 1998 272 13.70% 5.16% 1999 275 13.35% 5.00% 2000 278 12.99% 4.81% 2001 281 12.64% 4.63% 2002 284 12.28% 4.45% 2003 287 11.93% 4.28% 2004 290 11.58% 4.11% 2005 293 11.23% 3.94% _________________________________________________________________________________________________________


4.23 KAZAKHSTAN Razors and Blades (million US $): Kazakhstan 1995 - 2005

Year Kazakhstan % of Region % of Globe _________________________________________________________________________________________________________ 1995 7 0.37% 0.14% 1996 8 0.42% 0.16% 1997 9 0.45% 0.17% 1998 8 0.41% 0.15% 1999 9 0.41% 0.15% 2000 9 0.42% 0.15% 2001 10 0.44% 0.16% 2002 11 0.45% 0.16% 2003 11 0.47% 0.16% 2004 12 0.48% 0.17% 2005 13 0.50% 0.17% _________________________________________________________________________________________________________




4.24 LATVIA Razors and Blades (million US $): Latvia 1995 - 2005

Year Latvia % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 0.27% 0.10% 1996 6 0.28% 0.11% 1997 6 0.31% 0.11% 1998 6 0.31% 0.11% 1999 7 0.31% 0.11% 2000 7 0.32% 0.11% 2001 7 0.32% 0.11% 2002 8 0.32% 0.11% 2003 8 0.32% 0.11% 2004 8 0.33% 0.11% 2005 9 0.33% 0.11% _________________________________________________________________________________________________________


4.25 LIECHTENSTEIN Razors and Blades (million US $): Liechtenstein 1995 - 2005

Year Liechtenstein % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.01% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




4.26 LITHUANIA Razors and Blades (million US $): Lithuania 1995 - 2005

Year Lithuania % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 0.26% 0.10% 1996 6 0.28% 0.11% 1997 7 0.34% 0.12% 1998 7 0.34% 0.12% 1999 7 0.35% 0.13% 2000 8 0.37% 0.13% 2001 9 0.39% 0.14% 2002 10 0.41% 0.15% 2003 10 0.43% 0.15% 2004 11 0.45% 0.16% 2005 13 0.47% 0.16% _________________________________________________________________________________________________________


4.27 LUXEMBOURG Razors and Blades (million US $): Luxembourg 1995 - 2005

Year Luxembourg % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 0.20% 0.00% 1996 4 0.21% 0.00% 1997 4 0.23% 0.00% 1998 5 0.22% 0.00% 1999 5 0.22% 0.00% 2000 5 0.22% 0.00% 2001 5 0.22% 0.00% 2002 5 0.23% 0.00% 2003 6 0.23% 0.00% 2004 6 0.24% 0.00% 2005 6 0.24% 0.00% _________________________________________________________________________________________________________




4.28 MACEDONIA Razors and Blades (million US $): Macedonia 1995 - 2005

Year Macedonia % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.12% 0.00% 1996 2 0.12% 0.04% 1997 3 0.13% 0.00% 1998 3 0.13% 0.00% 1999 3 0.12% 0.00% 2000 3 0.12% 0.00% 2001 3 0.13% 0.00% 2002 3 0.13% 0.00% 2003 3 0.13% 0.00% 2004 4 0.14% 0.00% 2005 4 0.14% 0.00% _________________________________________________________________________________________________________


4.29 MALTA Razors and Blades (million US $): Malta 1995 - 2005

Year Malta % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.00% 1996 1 0.00% 0.00% 1997 1 0.05% 0.00% 1998 1 0.05% 0.00% 1999 1 0.00% 0.00% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.00% 0.02% 2003 1 0.00% 0.00% 2004 2 0.00% 0.00% 2005 2 0.00% 0.00% _________________________________________________________________________________________________________




4.30 MOLDOVA Razors and Blades (million US $): Moldova 1995 - 2005

Year Moldova % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 0.27% 0.10% 1996 6 0.28% 0.11% 1997 6 0.32% 0.12% 1998 6 0.32% 0.12% 1999 7 0.32% 0.12% 2000 7 0.32% 0.12% 2001 7 0.33% 0.12% 2002 8 0.33% 0.12% 2003 8 0.33% 0.12% 2004 8 0.33% 0.11% 2005 9 0.33% 0.11% _________________________________________________________________________________________________________


4.31 MONACO Razors and Blades (million US $): Monaco 1995 - 2005

Year Monaco % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




4.32 NETHERLANDS Razors and Blades (million US $): Netherlands 1995 - 2005

Year Netherlands % of Region % of Globe _________________________________________________________________________________________________________ 1995 69 3.63% 1.41% 1996 67 3.37% 1.30% 1997 60 3.06% 1.15% 1998 59 2.96% 1.11% 1999 64 3.10% 1.16% 2000 70 3.28% 1.21% 2001 77 3.47% 1.27% 2002 85 3.67% 1.33% 2003 93 3.88% 1.39% 2004 103 4.10% 1.45% 2005 113 4.33% 1.52% _________________________________________________________________________________________________________


4.33 NORWAY Razors and Blades (million US $): Norway 1995 - 2005

Year Norway % of Region % of Globe _________________________________________________________________________________________________________ 1995 15 0.78% 0.30% 1996 15 0.77% 0.29% 1997 15 0.76% 0.28% 1998 15 0.73% 0.27% 1999 15 0.72% 0.27% 2000 15 0.71% 0.26% 2001 16 0.70% 0.25% 2002 16 0.69% 0.25% 2003 16 0.67% 0.24% 2004 17 0.66% 0.23% 2005 17 0.65% 0.23% _________________________________________________________________________________________________________




4.34 POLAND Razors and Blades (million US $): Poland 1995 - 2005

Year Poland % of Region % of Globe _________________________________________________________________________________________________________ 1995 22 1.15% 0.44% 1996 26 1.29% 0.50% 1997 27 1.40% 0.52% 1998 30 1.53% 0.57% 1999 32 1.54% 0.58% 2000 33 1.54% 0.57% 2001 34 1.54% 0.56% 2002 36 1.53% 0.55% 2003 37 1.53% 0.55% 2004 38 1.52% 0.54% 2005 40 1.51% 0.53% _________________________________________________________________________________________________________


4.35 PORTUGAL Razors and Blades (million US $): Portugal 1995 - 2005

Year Portugal % of Region % of Globe _________________________________________________________________________________________________________ 1995 39 2.06% 0.80% 1996 42 2.10% 0.81% 1997 41 2.10% 0.79% 1998 42 2.11% 0.79% 1999 44 2.11% 0.79% 2000 45 2.11% 0.78% 2001 47 2.10% 0.77% 2002 48 2.09% 0.76% 2003 50 2.08% 0.75% 2004 52 2.07% 0.73% 2005 54 2.06% 0.72% _________________________________________________________________________________________________________




4.36 ROMANIA Razors and Blades (million US $): Romania 1995 - 2005

Year Romania % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 0.18% 0.00% 1996 4 0.20% 0.00% 1997 4 0.22% 0.00% 1998 5 0.24% 0.00% 1999 5 0.25% 0.00% 2000 5 0.25% 0.09% 2001 6 0.25% 0.00% 2002 6 0.25% 0.00% 2003 6 0.25% 0.00% 2004 6 0.25% 0.00% 2005 7 0.25% 0.00% _________________________________________________________________________________________________________


4.37 RUSSIA Razors and Blades (million US $): Russia 1995 - 2005

Year Russia % of Region % of Globe _________________________________________________________________________________________________________ 1995 82 4.28% 1.66% 1996 86 4.35% 1.68% 1997 86 4.43% 1.66% 1998 68 3.43% 1.29% 1999 67 3.26% 1.22% 2000 70 3.26% 1.20% 2001 72 3.25% 1.19% 2002 75 3.25% 1.17% 2003 78 3.24% 1.16% 2004 81 3.23% 1.14% 2005 84 3.21% 1.13% _________________________________________________________________________________________________________




4.38 SERBIA AND MONTENEGRO Razors and Blades (million US $): Serbia and Montenegro 1995 - 2005

Year Serbia and Montenegro % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 0.23% 0.00% 1996 4 0.22% 0.00% 1997 4 0.22% 0.00% 1998 5 0.23% 0.00% 1999 5 0.23% 0.00% 2000 5 0.23% 0.00% 2001 5 0.23% 0.00% 2002 5 0.23% 0.00% 2003 6 0.23% 0.00% 2004 6 0.22% 0.00% 2005 6 0.22% 0.00% _________________________________________________________________________________________________________


4.39 SLOVAKIA Razors and Blades (million US $): Slovakia 1995 - 2005

Year Slovakia % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.00% 1996 1 0.06% 0.00% 1997 1 0.00% 0.02% 1998 1 0.00% 0.00% 1999 1 0.06% 0.00% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.00% 0.00% 2003 1 0.00% 0.00% 2004 1 0.00% 0.00% 2005 1 0.00% 0.00% _________________________________________________________________________________________________________




4.40 SLOVENIA Razors and Blades (million US $): Slovenia 1995 - 2005

Year Slovenia % of Region % of Globe _________________________________________________________________________________________________________ 1995 6 0.28% 0.11% 1996 6 0.31% 0.12% 1997 7 0.35% 0.13% 1998 7 0.36% 0.13% 1999 8 0.37% 0.14% 2000 8 0.39% 0.14% 2001 9 0.40% 0.14% 2002 10 0.42% 0.15% 2003 11 0.44% 0.15% 2004 12 0.46% 0.16% 2005 13 0.48% 0.16% _________________________________________________________________________________________________________


4.41 SPAIN Razors and Blades (million US $): Spain 1995 - 2005

Year Spain % of Region % of Globe _________________________________________________________________________________________________________ 1995 165 8.64% 3.36% 1996 157 7.91% 3.06% 1997 146 7.50% 2.82% 1998 152 7.67% 2.89% 1999 157 7.65% 2.86% 2000 162 7.57% 2.80% 2001 166 7.48% 2.74% 2002 171 7.39% 2.68% 2003 176 7.30% 2.62% 2004 181 7.21% 2.56% 2005 186 7.11% 2.50% _________________________________________________________________________________________________________




4.42 SWEDEN Razors and Blades (million US $): Sweden 1995 - 2005

Year Sweden % of Region % of Globe _________________________________________________________________________________________________________ 1995 19 1.00% 0.39% 1996 21 1.03% 0.40% 1997 20 1.03% 0.38% 1998 20 1.00% 0.38% 1999 20 0.97% 0.36% 2000 20 0.94% 0.34% 2001 20 0.91% 0.33% 2002 20 0.87% 0.31% 2003 20 0.84% 0.30% 2004 20 0.81% 0.28% 2005 20 0.78% 0.27% _________________________________________________________________________________________________________


4.43 SWITZERLAND Razors and Blades (million US $): Switzerland 1995 - 2005

Year Switzerland % of Region % of Globe _________________________________________________________________________________________________________ 1995 22 1.12% 0.43% 1996 22 1.09% 0.42% 1997 20 1.02% 0.38% 1998 20 1.02% 0.38% 1999 21 1.03% 0.38% 2000 22 1.03% 0.38% 2001 23 1.04% 0.38% 2002 24 1.04% 0.37% 2003 25 1.04% 0.37% 2004 26 1.04% 0.37% 2005 27 1.05% 0.36% _________________________________________________________________________________________________________




4.44 UKRAINE Razors and Blades (million US $): Ukraine 1995 - 2005

Year Ukraine % of Region % of Globe _________________________________________________________________________________________________________ 1995 18 0.96% 0.37% 1996 22 1.10% 0.42% 1997 25 1.28% 0.48% 1998 26 1.31% 0.49% 1999 27 1.31% 0.49% 2000 28 1.30% 0.48% 2001 29 1.30% 0.47% 2002 30 1.29% 0.47% 2003 31 1.28% 0.46% 2004 32 1.28% 0.45% 2005 33 1.27% 0.44% _________________________________________________________________________________________________________


4.45 UNITED KINGDOM Razors and Blades (million US $): United Kingdom 1995 - 2005

Year United Kingdom % of Region % of Globe _________________________________________________________________________________________________________ 1995 247 12.94% 5.04% 1996 269 13.56% 5.25% 1997 303 15.61% 5.87% 1998 339 17.09% 6.44% 1999 364 17.70% 6.63% 2000 389 18.19% 6.74% 2001 415 18.68% 6.85% 2002 443 19.17% 6.95% 2003 473 19.66% 7.06% 2004 505 20.15% 7.16% 2005 539 20.64% 7.25% _________________________________________________________________________________________________________




5 LATIN AMERICA: RAZORS AND BLADES

5.1 EXECUTIVE SUMMARY Market Potential for Razors and Blades in Latin America (million US $): 2000

Country Latent Demand million US $ % of Latin America _________________________________________________________________________________________________________ Brazil 250 34.95% Mexico 203 28.42% Argentina 163 22.89% Colombia 25 3.52% Venezuela 20 2.74% Chile 9 1.26% Guatemala 6 0.84% Peru 6 0.83% Ecuador 5 0.74% Panama 5 0.68% Uruguay 5 0.64% Paraguay 3 0.46% El Salvador 3 0.41% Costa Rica 3 0.40% Bolivia 3 0.38% Honduras 3 0.37% Nicaragua 1 0.20% Suriname 1 0.00% Belize 0 0.00% Guyana 0 0.00% Total 714 100.00% _________________________________________________________________________________________________________


Market Potential for Razors and Blades in Latin America (million US $): 2000

Brazil

Mexico

Argentina

Colombia

Other



The Market for Razors and Blades in Latin America: 1995 - 2005 Year million US $ % of Globe _________________________________________________________________________________________________________ 1995 525.02 10.71 1996 570.60 11.16 1997 609.56 11.80 1998 641.66 12.19 1999 676.54 12.31 2000 714.10 12.38 2001 755.01 12.46 2002 798.72 12.54 2003 845.24 12.62 2004 894.80 12.69 2005 947.59 12.76 _________________________________________________________________________________________________________


5.2 ARGENTINA Razors and Blades (million US $): Argentina 1995 - 2005

Year Argentina % of Region % of Globe _________________________________________________________________________________________________________ 1995 146 27.78% 2.97% 1996 150 26.29% 2.93% 1997 147 24.06% 2.83% 1998 152 23.66% 2.88% 1999 158 23.30% 2.86% 2000 163 22.89% 2.83% 2001 170 22.45% 2.79% 2002 176 22.00% 2.75% 2003 182 21.56% 2.72% 2004 189 21.12% 2.68% 2005 196 20.68% 2.63% _________________________________________________________________________________________________________




5.3 BELIZE Razors and Blades (million US $): Belize 1995 - 2005

Year Belize % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.02% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


5.4 BOLIVIA Razors and Blades (million US $): Bolivia 1995 - 2005

Year Bolivia % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.43% 0.00% 1996 2 0.42% 0.00% 1997 3 0.42% 0.00% 1998 3 0.40% 0.04% 1999 3 0.39% 0.00% 2000 3 0.38% 0.00% 2001 3 0.38% 0.00% 2002 3 0.38% 0.00% 2003 3 0.39% 0.00% 2004 4 0.39% 0.00% 2005 4 0.39% 0.00% _________________________________________________________________________________________________________




5.5 BRAZIL Razors and Blades (million US $): Brazil 1995 - 2005

Year Brazil % of Region % of Globe _________________________________________________________________________________________________________ 1995 137 26.04% 2.78% 1996 177 30.94% 3.45% 1997 198 32.43% 3.82% 1998 214 33.35% 4.06% 1999 231 34.16% 4.20% 2000 250 34.95% 4.32% 2001 270 35.70% 4.44% 2002 291 36.45% 4.57% 2003 314 37.20% 4.69% 2004 340 37.95% 4.81% 2005 367 38.70% 4.93% _________________________________________________________________________________________________________


5.6 CHILE Razors and Blades (million US $): Chile 1995 - 2005

Year Chile % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 0.96% 0.10% 1996 6 1.01% 0.11% 1997 7 1.10% 0.12% 1998 7 1.16% 0.14% 1999 8 1.21% 0.14% 2000 9 1.26% 0.15% 2001 10 1.31% 0.16% 2002 11 1.36% 0.17% 2003 12 1.42% 0.17% 2004 13 1.47% 0.18% 2005 15 1.53% 0.19% _________________________________________________________________________________________________________




5.7 COLOMBIA Razors and Blades (million US $): Colombia 1995 - 2005

Year Colombia % of Region % of Globe _________________________________________________________________________________________________________ 1995 18 3.39% 0.36% 1996 20 3.42% 0.38% 1997 21 3.44% 0.40% 1998 22 3.47% 0.42% 1999 24 3.50% 0.43% 2000 25 3.52% 0.43% 2001 27 3.53% 0.44% 2002 28 3.55% 0.44% 2003 30 3.56% 0.44% 2004 32 3.57% 0.45% 2005 34 3.58% 0.45% _________________________________________________________________________________________________________


5.8 COSTA RICA Razors and Blades (million US $): Costa Rica 1995 - 2005

Year Costa Rica % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.45% 0.00% 1996 3 0.44% 0.00% 1997 3 0.44% 0.00% 1998 3 0.42% 0.00% 1999 3 0.41% 0.00% 2000 3 0.40% 0.05% 2001 3 0.40% 0.00% 2002 3 0.41% 0.00% 2003 3 0.41% 0.00% 2004 4 0.41% 0.00% 2005 4 0.41% 0.00% _________________________________________________________________________________________________________




5.9 ECUADOR Razors and Blades (million US $): Ecuador 1995 - 2005

Year Ecuador % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 0.83% 0.00% 1996 5 0.81% 0.00% 1997 5 0.81% 0.00% 1998 5 0.78% 0.00% 1999 5 0.76% 0.00% 2000 5 0.74% 0.00% 2001 6 0.74% 0.00% 2002 6 0.75% 0.00% 2003 6 0.75% 0.00% 2004 7 0.75% 0.00% 2005 7 0.75% 0.09% _________________________________________________________________________________________________________


5.10 EL SALVADOR Razors and Blades (million US $): El Salvador 1995 - 2005

Year El Salvador % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 0.49% 0.00% 1996 3 0.47% 0.00% 1997 3 0.47% 0.00% 1998 3 0.44% 0.00% 1999 3 0.42% 0.00% 2000 3 0.41% 0.00% 2001 3 0.41% 0.00% 2002 3 0.42% 0.00% 2003 4 0.43% 0.00% 2004 4 0.44% 0.00% 2005 4 0.44% 0.00% _________________________________________________________________________________________________________




5.11 GUATEMALA Razors and Blades (million US $): Guatemala 1995 - 2005

Year Guatemala % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 0.99% 0.10% 1996 5 0.96% 0.10% 1997 6 0.95% 0.11% 1998 6 0.89% 0.10% 1999 6 0.86% 0.10% 2000 6 0.84% 0.10% 2001 6 0.85% 0.10% 2002 7 0.86% 0.10% 2003 7 0.87% 0.11% 2004 8 0.89% 0.11% 2005 9 0.90% 0.11% _________________________________________________________________________________________________________


5.12 GUYANA Razors and Blades (million US $): Guyana 1995 - 2005

Year Guyana % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.01% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




5.13 HONDURAS Razors and Blades (million US $): Honduras 1995 - 2005

Year Honduras % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.43% 0.00% 1996 2 0.42% 0.00% 1997 3 0.41% 0.00% 1998 3 0.39% 0.00% 1999 3 0.38% 0.04% 2000 3 0.37% 0.00% 2001 3 0.37% 0.00% 2002 3 0.38% 0.00% 2003 3 0.38% 0.00% 2004 3 0.39% 0.00% 2005 4 0.39% 0.00% _________________________________________________________________________________________________________


5.14 MEXICO Razors and Blades (million US $): Mexico 1995 - 2005

Year Mexico % of Region % of Globe _________________________________________________________________________________________________________ 1995 165 31.50% 3.37% 1996 161 28.25% 3.15% 1997 178 29.17% 3.44% 1998 187 29.14% 3.55% 1999 195 28.80% 3.54% 2000 203 28.42% 3.52% 2001 211 28.00% 3.49% 2002 220 27.58% 3.45% 2003 230 27.15% 3.42% 2004 239 26.72% 3.39% 2005 249 26.28% 3.35% _________________________________________________________________________________________________________




5.15 NICARAGUA Razors and Blades (million US $): Nicaragua 1995 - 2005

Year Nicaragua % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.23% 0.00% 1996 1 0.23% 0.00% 1997 1 0.23% 0.00% 1998 1 0.21% 0.00% 1999 1 0.21% 0.00% 2000 1 0.20% 0.00% 2001 2 0.20% 0.00% 2002 2 0.21% 0.00% 2003 2 0.21% 0.00% 2004 2 0.21% 0.00% 2005 2 0.21% 0.00% _________________________________________________________________________________________________________


5.16 PANAMA Razors and Blades (million US $): Panama 1995 - 2005

Year Panama % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 0.76% 0.00% 1996 4 0.74% 0.00% 1997 5 0.75% 0.00% 1998 5 0.71% 0.00% 1999 5 0.69% 0.08% 2000 5 0.68% 0.00% 2001 5 0.68% 0.00% 2002 6 0.68% 0.00% 2003 6 0.69% 0.08% 2004 6 0.69% 0.00% 2005 7 0.70% 0.00% _________________________________________________________________________________________________________




5.17 PARAGUAY Razors and Blades (million US $): Paraguay 1995 - 2005

Year Paraguay % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 0.53% 0.00% 1996 3 0.52% 0.00% 1997 3 0.51% 0.00% 1998 3 0.49% 0.00% 1999 3 0.47% 0.00% 2000 3 0.46% 0.00% 2001 4 0.46% 0.00% 2002 4 0.47% 0.00% 2003 4 0.47% 0.00% 2004 4 0.48% 0.00% 2005 5 0.48% 0.00% _________________________________________________________________________________________________________


5.18 PERU Razors and Blades (million US $): Peru 1995 - 2005

Year Peru % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 0.67% 0.07% 1996 4 0.70% 0.00% 1997 5 0.74% 0.00% 1998 5 0.78% 0.09% 1999 5 0.80% 0.00% 2000 6 0.83% 0.10% 2001 7 0.86% 0.10% 2002 7 0.89% 0.11% 2003 8 0.92% 0.11% 2004 9 0.95% 0.12% 2005 9 0.98% 0.12% _________________________________________________________________________________________________________




5.19 SURINAME Razors and Blades (million US $): Suriname 1995 - 2005

Year Suriname % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.10% 0.00% 1996 1 0.00% 0.00% 1997 1 0.10% 0.00% 1998 1 0.00% 0.00% 1999 1 0.00% 0.00% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.00% 0.00% 2003 1 0.09% 0.00% 2004 1 0.00% 0.00% 2005 1 0.00% 0.00% _________________________________________________________________________________________________________


5.20 URUGUAY Razors and Blades (million US $): Uruguay 1995 - 2005

Year Uruguay % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 0.66% 0.00% 1996 4 0.66% 0.00% 1997 4 0.67% 0.00% 1998 4 0.65% 0.08% 1999 4 0.65% 0.08% 2000 5 0.64% 0.00% 2001 5 0.64% 0.00% 2002 5 0.63% 0.00% 2003 5 0.62% 0.00% 2004 6 0.62% 0.07% 2005 6 0.61% 0.00% _________________________________________________________________________________________________________




5.21 VENEZUELA Razors and Blades (million US $): Venezuela 1995 - 2005

Year Venezuela % of Region % of Globe _________________________________________________________________________________________________________ 1995 19 3.54% 0.37% 1996 20 3.45% 0.38% 1997 19 3.12% 0.36% 1998 18 2.79% 0.34% 1999 19 2.75% 0.33% 2000 20 2.74% 0.34% 2001 21 2.74% 0.34% 2002 22 2.73% 0.34% 2003 23 2.72% 0.34% 2004 24 2.71% 0.34% 2005 26 2.69% 0.34% _________________________________________________________________________________________________________




6 NORTH AMERICA & THE CARIBBEAN: RAZORS AND BLADES

6.1 EXECUTIVE SUMMARY Market Potential for Razors and Blades in North America & the Caribbean (million

US $): 2000 Country Latent Demand million US $ % of North America & the Caribbean _________________________________________________________________________________________________________ United States 1,341 91.60% Canada 88 6.04% Cuba 10 0.67% Dominican Republic 4 0.25% Trinidad and Tobago 2 0.14% Jamaica 1 0.10% Bahamas 1 0.09% Haiti 1 0.00% Martinique 1 0.00% Barbados 1 0.00% Netherlands Antilles 1 0.00% Bermuda 1 0.00% St. Lucia 0 0.00% Antigua and Barbuda 0 0.00% Grenada 0 0.00% St. Vincent and the Grenadines 0 0.00% St. Kitts and Nevis 0 0.00% Dominica 0 0.00% Total 1,453 100.00% _________________________________________________________________________________________________________




Market Potential for Razors and Blades in North America & the Caribbean (million US $): 2000

United States

CanadaCubaDominican Republic

Other

The Market for Razors and Blades in North America & the Caribbean: 1995 - 2005

Year million US $ % of Globe _________________________________________________________________________________________________________ 1995 1,141.49 23.28 1996 1,204.30 23.56 1997 1,266.04 24.51 1998 1,334.30 25.36 1999 1,398.18 25.44 2000 1,463.83 25.39 2001 1,533.03 25.31 2002 1,605.72 25.21 2003 1,682.00 25.10 2004 1,762.07 24.99 2005 1,846.11 24.86 _________________________________________________________________________________________________________




6.2 ANTIGUA AND BARBUDA Razors and Blades (million US $): Antigua and Barbuda 1995 - 2005

Year Antigua and Barbuda % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


6.3 BAHAMAS Razors and Blades (million US $): Bahamas 1995 - 2005

Year Bahamas % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.00% 1996 1 0.10% 0.00% 1997 1 0.10% 0.00% 1998 1 0.00% 0.00% 1999 1 0.00% 0.00% 2000 1 0.09% 0.00% 2001 1 0.00% 0.00% 2002 2 0.00% 0.00% 2003 2 0.00% 0.00% 2004 2 0.10% 0.02% 2005 2 0.10% 0.00% _________________________________________________________________________________________________________




6.4 BARBADOS Razors and Blades (million US $): Barbados 1995 - 2005

Year Barbados % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.01% 1996 1 0.00% 0.00% 1997 1 0.00% 0.01% 1998 1 0.05% 0.00% 1999 1 0.00% 0.00% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.05% 0.00% 2003 1 0.00% 0.00% 2004 1 0.00% 0.01% 2005 1 0.00% 0.00% _________________________________________________________________________________________________________


6.5 BERMUDA Razors and Blades (million US $): Bermuda 1995 - 2005

Year Bermuda % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.00% 1996 1 0.00% 0.00% 1997 1 0.00% 0.00% 1998 1 0.00% 0.00% 1999 1 0.00% 0.00% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.00% 0.00% 2003 1 0.00% 0.00% 2004 1 0.00% 0.00% 2005 1 0.00% 0.00% _________________________________________________________________________________________________________




6.6 CANADA Razors and Blades (million US $): Canada 1995 - 2005

Year Canada % of Region % of Globe _________________________________________________________________________________________________________ 1995 76 6.68% 1.55% 1996 81 6.72% 1.58% 1997 85 6.73% 1.65% 1998 87 6.49% 1.64% 1999 88 6.25% 1.59% 2000 88 6.04% 1.53% 2001 89 5.82% 1.47% 2002 90 5.62% 1.41% 2003 91 5.42% 1.36% 2004 92 5.23% 1.30% 2005 93 5.04% 1.25% _________________________________________________________________________________________________________


6.7 CUBA Razors and Blades (million US $): Cuba 1995 - 2005

Year Cuba % of Region % of Globe _________________________________________________________________________________________________________ 1995 8 0.69% 0.16% 1996 8 0.70% 0.16% 1997 9 0.68% 0.16% 1998 9 0.67% 0.17% 1999 9 0.67% 0.17% 2000 10 0.67% 0.17% 2001 10 0.67% 0.17% 2002 11 0.67% 0.17% 2003 11 0.68% 0.17% 2004 12 0.68% 0.17% 2005 13 0.68% 0.17% _________________________________________________________________________________________________________




6.8 DOMINICA Razors and Blades (million US $): Dominica 1995 - 2005

Year Dominica % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


6.9 DOMINICAN REPUBLIC Razors and Blades (million US $): Dominican Republic 1995 - 2005

Year Dominican Republic % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 0.27% 0.00% 1996 3 0.27% 0.00% 1997 3 0.27% 0.06% 1998 3 0.26% 0.00% 1999 4 0.25% 0.00% 2000 4 0.25% 0.06% 2001 4 0.25% 0.00% 2002 4 0.26% 0.00% 2003 4 0.26% 0.00% 2004 5 0.27% 0.00% 2005 5 0.27% 0.00% _________________________________________________________________________________________________________




6.10 GRENADA Razors and Blades (million US $): Grenada 1995 - 2005

Year Grenada % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


6.11 HAITI Razors and Blades (million US $): Haiti 1995 - 2005

Year Haiti % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.00% 1996 1 0.00% 0.00% 1997 1 0.00% 0.00% 1998 1 0.00% 0.00% 1999 1 0.08% 0.00% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.00% 0.00% 2003 2 0.00% 0.00% 2004 2 0.00% 0.00% 2005 2 0.00% 0.00% _________________________________________________________________________________________________________




6.12 JAMAICA Razors and Blades (million US $): Jamaica 1995 - 2005

Year Jamaica % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.10% 0.02% 1996 1 0.10% 0.00% 1997 1 0.10% 0.00% 1998 1 0.10% 0.00% 1999 1 0.10% 0.00% 2000 1 0.10% 0.00% 2001 2 0.10% 0.00% 2002 2 0.10% 0.00% 2003 2 0.10% 0.00% 2004 2 0.10% 0.00% 2005 2 0.10% 0.00% _________________________________________________________________________________________________________


6.13 MARTINIQUE Razors and Blades (million US $): Martinique 1995 - 2005

Year Martinique % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.01% 1996 1 0.00% 0.00% 1997 1 0.00% 0.00% 1998 1 0.00% 0.00% 1999 1 0.00% 0.00% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.00% 0.00% 2003 1 0.06% 0.00% 2004 1 0.00% 0.00% 2005 1 0.00% 0.00% _________________________________________________________________________________________________________




6.14 NETHERLANDS ANTILLES Razors and Blades (million US $): Netherlands Antilles 1995 - 2005

Year Netherlands Antilles % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.00% 0.00% 1996 1 0.00% 0.00% 1997 1 0.00% 0.00% 1998 1 0.00% 0.00% 1999 1 0.00% 0.00% 2000 1 0.00% 0.00% 2001 1 0.00% 0.00% 2002 1 0.00% 0.00% 2003 1 0.00% 0.00% 2004 1 0.00% 0.00% 2005 1 0.00% 0.00% _________________________________________________________________________________________________________


6.15 ST. KITTS AND NEVIS Razors and Blades (million US $): St. Kitts and Nevis 1995 - 2005

Year St. Kitts and Nevis % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




6.16 ST. LUCIA Razors and Blades (million US $): St. Lucia 1995 - 2005

Year St. Lucia % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


6.17 ST. VINCENT AND THE GRENADINES Razors and Blades (million US $): St. Vincent and the Grenadines 1995 - 2005

Year St. Vincent and the Grenadines % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




6.18 TRINIDAD AND TOBAGO Razors and Blades (million US $): Trinidad and Tobago 1995 - 2005

Year Trinidad and Tobago % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.15% 0.00% 1996 2 0.15% 0.03% 1997 2 0.15% 0.00% 1998 2 0.14% 0.00% 1999 2 0.14% 0.00% 2000 2 0.14% 0.00% 2001 2 0.14% 0.00% 2002 2 0.14% 0.00% 2003 2 0.14% 0.00% 2004 3 0.15% 0.00% 2005 3 0.15% 0.00% _________________________________________________________________________________________________________


6.19 UNITED STATES Razors and Blades (million US $): United States 1995 - 2005

Year United States % of Region % of Globe _________________________________________________________________________________________________________ 1995 1,038 90.94% 21.17% 1996 1,094 90.86% 21.41% 1997 1,150 90.83% 22.25% 1998 1,216 91.15% 23.11% 1999 1,278 91.39% 23.25% 2000 1,341 91.60% 23.25% 2001 1,407 91.78% 23.22% 2002 1,477 91.95% 23.18% 2003 1,549 92.11% 23.12% 2004 1,626 92.27% 23.05% 2005 1,706 92.41% 22.97% _________________________________________________________________________________________________________




7 OCEANA: RAZORS AND BLADES

7.1 EXECUTIVE SUMMARY Market Potential for Razors and Blades in Oceana (million US $): 2000

Country Latent Demand million US $ % of Oceana _________________________________________________________________________________________________________ Australia 89 82.04% New Zealand 16 14.62% Fiji 1 0.57% Solomon Islands 0 0.12% American Samoa 0 0.00% Nauru 0 0.00% Vanuatu 0 0.00% Tonga 0 0.00% Micronesia Federation 0 0.00% Palau 0 0.00% Marshall Islands 0 0.00% Kiribati 0 0.00% Tuvalu 0 0.00% Total 106 100.00% _________________________________________________________________________________________________________


Market Potential for Razors and Blades in Oceana (million US $): 2000

Australia

New ZealandFijiSolomon IslandsOther



The Market for Razors and Blades in Oceana: 1995 - 2005 Year million US $ % of Globe _________________________________________________________________________________________________________ 1995 95.38 1.95 1996 106.24 2.08 1997 106.73 2.07 1998 98.86 1.88 1999 102.53 1.87 2000 108.68 1.88 2001 115.24 1.90 2002 122.22 1.92 2003 129.62 1.93 2004 137.48 1.95 2005 145.83 1.96 _________________________________________________________________________________________________________


7.2 AMERICAN SAMOA Razors and Blades (million US $): American Samoa 1995 - 2005

Year American Samoa % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




7.3 AUSTRALIA Razors and Blades (million US $): Australia 1995 - 2005

Year Australia % of Region % of Globe _________________________________________________________________________________________________________ 1995 78 81.88% 1.59% 1996 87 81.73% 1.69% 1997 87 81.19% 1.67% 1998 80 81.34% 1.52% 1999 84 81.69% 1.52% 2000 89 82.04% 1.54% 2001 95 82.36% 1.56% 2002 101 82.67% 1.58% 2003 108 82.97% 1.60% 2004 114 83.27% 1.62% 2005 122 83.57% 1.64% _________________________________________________________________________________________________________


7.4 FIJI Razors and Blades (million US $): Fiji 1995 - 2005

Year Fiji % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.53% 0.00% 1996 1 0.50% 0.00% 1997 1 0.54% 0.00% 1998 1 0.58% 0.00% 1999 1 0.58% 0.01% 2000 1 0.57% 0.00% 2001 1 0.57% 0.00% 2002 1 0.57% 0.00% 2003 1 0.57% 0.00% 2004 1 0.57% 0.00% 2005 1 0.57% 0.00% _________________________________________________________________________________________________________




7.5 KIRIBATI Razors and Blades (million US $): Kiribati 1995 - 2005

Year Kiribati % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.02% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


7.6 MARSHALL ISLANDS Razors and Blades (million US $): Marshall Islands 1995 - 2005

Year Marshall Islands % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.02% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




7.7 MICRONESIA FEDERATION Razors and Blades (million US $): Micronesia Federation 1995 - 2005

Year Micronesia Federation % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


7.8 NAURU Razors and Blades (million US $): Nauru 1995 - 2005

Year Nauru % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.06% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.08% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




7.9 NEW ZEALAND Razors and Blades (million US $): New Zealand 1995 - 2005

Year New Zealand % of Region % of Globe _________________________________________________________________________________________________________ 1995 14 15.12% 0.29% 1996 16 15.39% 0.31% 1997 17 15.71% 0.32% 1998 15 15.27% 0.28% 1999 15 14.92% 0.27% 2000 16 14.62% 0.27% 2001 17 14.32% 0.27% 2002 17 14.03% 0.26% 2003 18 13.75% 0.26% 2004 19 13.47% 0.26% 2005 19 13.19% 0.25% _________________________________________________________________________________________________________


7.10 PALAU Razors and Blades (million US $): Palau 1995 - 2005

Year Palau % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




7.11 SOLOMON ISLANDS Razors and Blades (million US $): Solomon Islands 1995 - 2005

Year Solomon Islands % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.12% 0.00% 1996 0 0.11% 0.00% 1997 0 0.12% 0.00% 1998 0 0.12% 0.00% 1999 0 0.12% 0.00% 2000 0 0.12% 0.00% 2001 0 0.12% 0.00% 2002 0 0.12% 0.00% 2003 0 0.12% 0.00% 2004 0 0.13% 0.00% 2005 0 0.13% 0.00% _________________________________________________________________________________________________________


7.12 TONGA Razors and Blades (million US $): Tonga 1995 - 2005

Year Tonga % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.05% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




7.13 TUVALU Razors and Blades (million US $): Tuvalu 1995 - 2005

Year Tuvalu % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.00% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________


7.14 VANUATU Razors and Blades (million US $): Vanuatu 1995 - 2005

Year Vanuatu % of Region % of Globe _________________________________________________________________________________________________________ 1995 0 0.07% 0.00% 1996 0 0.00% 0.00% 1997 0 0.00% 0.00% 1998 0 0.00% 0.00% 1999 0 0.00% 0.00% 2000 0 0.00% 0.00% 2001 0 0.00% 0.00% 2002 0 0.00% 0.00% 2003 0 0.00% 0.00% 2004 0 0.00% 0.00% 2005 0 0.00% 0.00% _________________________________________________________________________________________________________




8 THE MIDDLE EAST: RAZORS AND BLADES

8.1 EXECUTIVE SUMMARY Market Potential for Razors and Blades in the Middle East (million US $): 2000

Country Latent Demand million US $ % of the Middle East _________________________________________________________________________________________________________ Iran 207 52.85% Turkey 34 8.69% Pakistan 17 4.42% Saudi Arabia 14 3.47% United Arab Emirates 12 3.13% Azerbaijan 10 2.59% Israel 10 2.49% Uzbekistan 10 2.44% Kuwait 10 2.43% Iraq 9 2.24% Syrian Arab Republic 7 1.91% Armenia 7 1.69% Oman 6 1.65% Tajikistan 6 1.62% Kyrgyzstan 6 1.55% Turkmenistan 6 1.51% Yemen 5 1.35% Qatar 4 1.00% Jordan 4 1.00% Lebanon 3 0.68% Afghanistan 2 0.49% Bahrain 2 0.47% Total 392 100.00% _________________________________________________________________________________________________________




Market Potential for Razors and Blades in the Middle East (million US $): 2000

Iran

Turkey PakistanSaudi Arabia

Other

The Market for Razors and Blades in the Middle East: 1995 - 2005

Year million US $ % of Globe _________________________________________________________________________________________________________ 1995 283.70 5.79 1996 315.73 6.18 1997 337.71 6.54 1998 348.55 6.62 1999 368.77 6.71 2000 392.39 6.81 2001 418.31 6.91 2002 446.29 7.01 2003 476.42 7.11 2004 508.87 7.22 2005 543.82 7.32 _________________________________________________________________________________________________________




8.2 AFGHANISTAN Razors and Blades (million US $): Afghanistan 1995 - 2005

Year Afghanistan % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.52% 0.00% 1996 2 0.50% 0.00% 1997 2 0.51% 0.00% 1998 2 0.50% 0.00% 1999 2 0.49% 0.00% 2000 2 0.49% 0.00% 2001 2 0.48% 0.00% 2002 2 0.47% 0.00% 2003 2 0.46% 0.00% 2004 2 0.46% 0.00% 2005 2 0.45% 0.00% _________________________________________________________________________________________________________


8.3 ARMENIA Razors and Blades (million US $): Armenia 1995 - 2005

Year Armenia % of Region % of Globe _________________________________________________________________________________________________________ 1995 6 2.05% 0.11% 1996 6 1.93% 0.11% 1997 6 1.91% 0.12% 1998 6 1.83% 0.12% 1999 6 1.76% 0.11% 2000 7 1.69% 0.11% 2001 7 1.70% 0.11% 2002 8 1.71% 0.12% 2003 8 1.73% 0.12% 2004 9 1.74% 0.12% 2005 10 1.75% 0.12% _________________________________________________________________________________________________________




8.4 AZERBAIJAN Razors and Blades (million US $): Azerbaijan 1995 - 2005

Year Azerbaijan % of Region % of Globe _________________________________________________________________________________________________________ 1995 8 2.98% 0.17% 1996 9 2.82% 0.17% 1997 9 2.64% 0.17% 1998 9 2.66% 0.17% 1999 10 2.63% 0.17% 2000 10 2.59% 0.17% 2001 11 2.54% 0.17% 2002 11 2.49% 0.17% 2003 12 2.44% 0.17% 2004 12 2.39% 0.17% 2005 13 2.34% 0.17% _________________________________________________________________________________________________________


8.5 BAHRAIN Razors and Blades (million US $): Bahrain 1995 - 2005

Year Bahrain % of Region % of Globe _________________________________________________________________________________________________________ 1995 1 0.50% 0.02% 1996 2 0.48% 0.00% 1997 2 0.49% 0.00% 1998 2 0.49% 0.00% 1999 2 0.48% 0.00% 2000 2 0.47% 0.00% 2001 2 0.47% 0.00% 2002 2 0.46% 0.00% 2003 2 0.45% 0.00% 2004 2 0.44% 0.00% 2005 2 0.43% 0.00% _________________________________________________________________________________________________________




8.6 IRAN Razors and Blades (million US $): Iran 1995 - 2005

Year Iran % of Region % of Globe _________________________________________________________________________________________________________ 1995 140 49.19% 2.84% 1996 161 50.84% 3.14% 1997 174 51.49% 3.36% 1998 182 52.16% 3.45% 1999 194 52.55% 3.52% 2000 207 52.85% 3.59% 2001 222 53.06% 3.66% 2002 238 53.24% 3.73% 2003 254 53.39% 3.79% 2004 272 53.52% 3.86% 2005 292 53.62% 3.92% _________________________________________________________________________________________________________


8.7 IRAQ Razors and Blades (million US $): Iraq 1995 - 2005

Year Iraq % of Region % of Globe _________________________________________________________________________________________________________ 1995 7 2.52% 0.14% 1996 7 2.33% 0.14% 1997 8 2.25% 0.14% 1998 8 2.29% 0.15% 1999 8 2.27% 0.15% 2000 9 2.24% 0.15% 2001 9 2.22% 0.15% 2002 10 2.19% 0.15% 2003 10 2.17% 0.15% 2004 11 2.15% 0.15% 2005 12 2.13% 0.15% _________________________________________________________________________________________________________




8.8 ISRAEL Razors and Blades (million US $): Israel 1995 - 2005

Year Israel % of Region % of Globe _________________________________________________________________________________________________________ 1995 9 3.02% 0.17% 1996 9 2.85% 0.17% 1997 9 2.74% 0.17% 1998 9 2.67% 0.17% 1999 10 2.58% 0.17% 2000 10 2.49% 0.16% 2001 10 2.40% 0.16% 2002 10 2.31% 0.16% 2003 11 2.22% 0.15% 2004 11 2.14% 0.15% 2005 11 2.05% 0.15% _________________________________________________________________________________________________________


8.9 JORDAN Razors and Blades (million US $): Jordan 1995 - 2005

Year Jordan % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.23% 0.07% 1996 4 1.15% 0.00% 1997 4 1.14% 0.00% 1998 4 1.08% 0.00% 1999 4 1.04% 0.00% 2000 4 1.00% 0.00% 2001 4 1.00% 0.06% 2002 5 1.01% 0.00% 2003 5 1.03% 0.00% 2004 5 1.04% 0.00% 2005 6 1.05% 0.00% _________________________________________________________________________________________________________




8.10 KUWAIT Razors and Blades (million US $): Kuwait 1995 - 2005

Year Kuwait % of Region % of Globe _________________________________________________________________________________________________________ 1995 7 2.63% 0.15% 1996 8 2.53% 0.15% 1997 8 2.45% 0.16% 1998 9 2.46% 0.16% 1999 9 2.45% 0.16% 2000 10 2.43% 0.16% 2001 10 2.41% 0.16% 2002 11 2.39% 0.16% 2003 11 2.37% 0.16% 2004 12 2.35% 0.16% 2005 13 2.33% 0.17% _________________________________________________________________________________________________________


8.11 KYRGYZSTAN Razors and Blades (million US $): Kyrgyzstan 1995 - 2005

Year Kyrgyzstan % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.57% 0.00% 1996 5 1.53% 0.00% 1997 5 1.58% 0.10% 1998 5 1.57% 0.10% 1999 6 1.56% 0.10% 2000 6 1.55% 0.10% 2001 6 1.51% 0.10% 2002 7 1.48% 0.10% 2003 7 1.44% 0.10% 2004 7 1.40% 0.10% 2005 7 1.36% 0.10% _________________________________________________________________________________________________________




8.12 LEBANON Razors and Blades (million US $): Lebanon 1995 - 2005

Year Lebanon % of Region % of Globe _________________________________________________________________________________________________________ 1995 2 0.85% 0.00% 1996 3 0.79% 0.00% 1997 3 0.78% 0.05% 1998 3 0.74% 0.00% 1999 3 0.71% 0.00% 2000 3 0.68% 0.04% 2001 3 0.69% 0.00% 2002 3 0.70% 0.00% 2003 3 0.70% 0.00% 2004 4 0.71% 0.00% 2005 4 0.72% 0.00% _________________________________________________________________________________________________________


8.13 OMAN Razors and Blades (million US $): Oman 1995 - 2005

Year Oman % of Region % of Globe _________________________________________________________________________________________________________ 1995 5 1.92% 0.11% 1996 6 1.82% 0.11% 1997 6 1.82% 0.11% 1998 6 1.76% 0.11% 1999 6 1.70% 0.11% 2000 6 1.65% 0.11% 2001 7 1.65% 0.11% 2002 7 1.65% 0.11% 2003 8 1.65% 0.11% 2004 8 1.65% 0.11% 2005 9 1.64% 0.12% _________________________________________________________________________________________________________




8.14 PAKISTAN Razors and Blades (million US $): Pakistan 1995 - 2005

Year Pakistan % of Region % of Globe _________________________________________________________________________________________________________ 1995 16 5.65% 0.32% 1996 18 5.64% 0.34% 1997 18 5.24% 0.34% 1998 15 4.34% 0.28% 1999 16 4.30% 0.28% 2000 17 4.42% 0.30% 2001 19 4.53% 0.31% 2002 21 4.64% 0.32% 2003 23 4.75% 0.33% 2004 25 4.85% 0.35% 2005 27 4.96% 0.36% _________________________________________________________________________________________________________


8.15 QATAR Razors and Blades (million US $): Qatar 1995 - 2005

Year Qatar % of Region % of Globe _________________________________________________________________________________________________________ 1995 3 1.06% 0.00% 1996 3 1.02% 0.00% 1997 4 1.04% 0.06% 1998 4 1.03% 0.00% 1999 4 1.01% 0.00% 2000 4 1.00% 0.00% 2001 4 0.98% 0.00% 2002 4 0.97% 0.00% 2003 5 0.95% 0.00% 2004 5 0.93% 0.00% 2005 5 0.91% 0.06% _________________________________________________________________________________________________________




8.16 SAUDI ARABIA Razors and Blades (million US $): Saudi Arabia 1995 - 2005

Year Saudi Arabia % of Region % of Globe _________________________________________________________________________________________________________ 1995 15 5.17% 0.29% 1996 14 4.58% 0.28% 1997 14 4.18% 0.27% 1998 14 3.98% 0.26% 1999 14 3.73% 0.25% 2000 14 3.47% 0.23% 2001 14 3.23% 0.22% 2002 13 3.00% 0.21% 2003 13 2.78% 0.19% 2004 13 2.58% 0.18% 2005 13 2.39% 0.17% _________________________________________________________________________________________________________


8.17 SYRIAN ARAB REPUBLIC Razors and Blades (million US $): Syrian Arab Republic 1995 - 2005

Year Syrian Arab Republic % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.52% 0.00% 1996 5 1.55% 0.00% 1997 6 1.66% 0.10% 1998 6 1.78% 0.11% 1999 7 1.85% 0.12% 2000 7 1.91% 0.13% 2001 8 1.96% 0.13% 2002 9 2.02% 0.14% 2003 10 2.07% 0.14% 2004 11 2.13% 0.15% 2005 12 2.19% 0.16% _________________________________________________________________________________________________________




8.18 TAJIKISTAN Razors and Blades (million US $): Tajikistan 1995 - 2005

Year Tajikistan % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.56% 0.00% 1996 5 1.54% 0.00% 1997 5 1.60% 0.10% 1998 6 1.61% 0.10% 1999 6 1.62% 0.10% 2000 6 1.62% 0.11% 2001 7 1.57% 0.10% 2002 7 1.52% 0.10% 2003 7 1.46% 0.10% 2004 7 1.41% 0.10% 2005 7 1.36% 0.00% _________________________________________________________________________________________________________


8.19 TURKEY Razors and Blades (million US $): Turkey 1995 - 2005

Year Turkey % of Region % of Globe _________________________________________________________________________________________________________ 1995 19 6.80% 0.39% 1996 22 7.04% 0.43% 1997 25 7.46% 0.48% 1998 28 8.07% 0.53% 1999 31 8.41% 0.56% 2000 34 8.69% 0.59% 2001 38 8.97% 0.61% 2002 41 9.25% 0.64% 2003 45 9.53% 0.67% 2004 50 9.81% 0.70% 2005 55 10.10% 0.74% _________________________________________________________________________________________________________




8.20 TURKMENISTAN Razors and Blades (million US $): Turkmenistan 1995 - 2005

Year Turkmenistan % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.48% 0.00% 1996 5 1.46% 0.00% 1997 5 1.51% 0.09% 1998 5 1.51% 0.10% 1999 6 1.52% 0.10% 2000 6 1.51% 0.10% 2001 6 1.47% 0.10% 2002 6 1.42% 0.10% 2003 7 1.38% 0.09% 2004 7 1.33% 0.00% 2005 7 1.29% 0.09% _________________________________________________________________________________________________________


8.21 UNITED ARAB EMIRATES Razors and Blades (million US $): United Arab Emirates 1995 - 2005

Year United Arab Emirates % of Region % of Globe _________________________________________________________________________________________________________ 1995 9 3.00% 0.17% 1996 9 2.96% 0.18% 1997 10 2.99% 0.19% 1998 11 3.12% 0.20% 1999 12 3.14% 0.21% 2000 12 3.13% 0.21% 2001 13 3.12% 0.21% 2002 14 3.11% 0.21% 2003 15 3.10% 0.22% 2004 16 3.09% 0.22% 2005 17 3.08% 0.22% _________________________________________________________________________________________________________




8.22 UZBEKISTAN Razors and Blades (million US $): Uzbekistan 1995 - 2005

Year Uzbekistan % of Region % of Globe _________________________________________________________________________________________________________ 1995 8 2.86% 0.16% 1996 9 2.79% 0.17% 1997 9 2.70% 0.17% 1998 9 2.56% 0.16% 1999 9 2.49% 0.16% 2000 10 2.44% 0.16% 2001 10 2.38% 0.16% 2002 10 2.33% 0.16% 2003 11 2.27% 0.16% 2004 11 2.22% 0.16% 2005 12 2.17% 0.15% _________________________________________________________________________________________________________


8.23 YEMEN Razors and Blades (million US $): Yemen 1995 - 2005

Year Yemen % of Region % of Globe _________________________________________________________________________________________________________ 1995 4 1.57% 0.00% 1996 5 1.49% 0.00% 1997 5 1.49% 0.00% 1998 5 1.44% 0.00% 1999 5 1.39% 0.09% 2000 5 1.35% 0.00% 2001 6 1.35% 0.00% 2002 6 1.35% 0.00% 2003 6 1.35% 0.00% 2004 7 1.35% 0.00% 2005 7 1.35% 0.00% _________________________________________________________________________________________________________




9 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS

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the 2000-2005 world outlook for razors and blades (strategic planning series)

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