Brazil Hair Care Market Shipment Analysis
Brazil Hair Care Market registered a decline of -13.57% in value shipments in 2022 as compared to 2021 and a decrease of -6.05% CAGR in 2022 over a period of 2017. In Hair Care Market Brazil is becoming more competitive as the HHI index in 2022 was 1145 while in 2017 it was 2315. 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.
Brazil has reportedly relied more on domestic production to meet its growing demand in Hair Care Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Hair Care Market in 2022 was 0.26 while in 2017 it was 0.7. Spain, USA, France, Colombia and Netherlands were among the top players of the market in 2022, where Spain acquired the largest market share of 19.9% with a shipment value of 6.3 million USD in 2022 Spain also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Hair Care Market. In 2017 Mexico had the largest market share of 42.98% with the shipment value of 22.9 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 Mexico price is lower than the average price, it provided a significant edge among other competitor in 2017.
