Egypt Automotive Brake System Market Shipment Analysis
Egypt Automotive Brake System Market registered a growth of 3.61% in value shipments in 2022 as compared to 2021 and an increase of 0.35% CAGR in 2022 over a period of 2017. In Automotive Brake System Market Egypt is becoming less competitive as HHI index in 2022 was 1162 while in 2017 it was 1133. 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.
Egypt has reportedly relied more on imports to meet its growing demand in Automotive Brake System 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 Automotive Brake System Market in 2022 was 1063.55 while in 2017 it was 4.57. China, South Korea, Turkey , Japan and Other Europe, nes were among the top players of the market in 2022, where China acquired the largest market share of 21.84% with a shipment value of 7.92 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Automotive Brake System Market. In 2017 China had the largest market share of 17.68% with the shipment value of 6.06 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 China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Egypt Automotive Brake System Market in 2017.
