Egypt Electric Fuse Market Shipment Analysis
Egypt Electric Fuse Market registered a decline of -36.96% in value shipments in 2022 as compared to 2021 and a decrease of -9.69% CAGR in 2022 over a period of 2017. In Electric Fuse Market Egypt is becoming less competitive as HHI index in 2022 was 1876 while in 2017 it was 1629. 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 Electric Fuse 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 Electric Fuse Market in 2022 was 10.47 while in 2017 it was 818.98. China, Thailand, Turkey , Italy and Germany were among the top players of the market in 2022, where China acquired the largest market share of 31.43% with a shipment value of 1.06 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 Electric Fuse Market. In 2017 Germany had the largest market share of 33.28% with the shipment value of 3.29 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 Germany offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Egypt Electric Fuse Market in 2017.
