Bahrain Hair Care Market Shipment Analysis
Bahrain Hair Care Market registered a growth of 9.3% in value shipments in 2022 as compared to 2021 and an increase of 0.74% CAGR in 2022 over a period of 2017. In Hair Care Market Bahrain is becoming less competitive as HHI index in 2022 was 837 while in 2017 it was 702. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
"Bahrain has reportedly relied more on imports to meet its growing demand in Hair Care Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Hair Care Market in 2022 was 18.27 while in 2017 it was 17. United Arab Emirates (UAE), Spain, Egypt, Germany and Italy were among the top players of the market in 2022, where United Arab Emirates (UAE) acquired the largest market share of 18.27% with a shipment value of 2.72 million USD in 2022 United Arab Emirates (UAE) also offered the product below the average market price thus having a competitive advantage over others In 2017 United Arab Emirates (UAE) had the largest market share of 14.23% with the shipment value of 1.85 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As United Arab Emirates (UAE)price is lower than the average price, it provided a significant edge among other competitor in 2017."
