Egypt Webbing Market Shipment Analysis
Egypt Webbing Market registered a decline of -13.38% in value shipments in 2022 as compared to 2021 and an increase of 8.72% CAGR in 2022 over a period of 2017. In Webbing Market Egypt is becoming less competitive as HHI index in 2022 was 7962 while in 2017 it was 5766. 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 Webbing 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 Webbing Market in 2022 was 1.64 while in 2017 it was 8980.68. China, Other Asia, nes, Turkey , Hong Kong and Germany were among the top players of the market in 2022, where China acquired the largest market share of 89.05% with a shipment value of 4.85 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 75.08% with the shipment value of 2.86 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 Webbing Market in 2017.
