Georgia Hair Conditioner Market Shipment Analysis
Georgia Hair Conditioner Market registered a growth of 12.01% in value shipments in 2022 as compared to 2021 and an increase of 1.75% CAGR in 2022 over a period of 2017. In Hair Conditioner Market Georgia is becoming less competitive as HHI index in 2022 was 1319 while in 2017 it was 1156. 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.
Georgia has reportedly relied more on imports to meet its growing demand in Hair Conditioner 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 Conditioner Market in 2022 was 9.81 while in 2017 it was 5.39. Russia, Italy, Germany, Turkey and Bulgaria were among the top players of the market in 2022, where Russia acquired the largest market share of 25.16% with a shipment value of 4.87 million USD in 2022 Russia also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Hair Conditioner Market. In 2017 Ukraine had the largest market share of 18.71% with the shipment value of 2.91 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 Ukraine offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Georgia Hair Conditioner Market in 2017.
