China Hair Care Market Shipment Analysis
China Hair Care Market registered a decline of -7.61% in value shipments in 2022 as compared to 2021 and an increase of 22.61% CAGR in 2022 over a period of 2017. In Hair Care Market China is becoming more competitive as the HHI index in 2022 was 2225 while in 2017 it was 2740. 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.
China 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 1.73 while in 2017 it was 1.14. Japan, Spain, South Korea, France and USA were among the top players of the market in 2022, where Japan acquired the largest market share of 42.5% with a shipment value of 213.55 million USD in 2022 Japan also offered the product below the average market price thus having a competitive advantage over others In 2017 Japan had the largest market share of 47.64% with the shipment value of 76.73 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Japan offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the China Hair Care Market in 2017.
