India Adhesive Bandages Market Shipment Analysis
India Adhesive Bandages Market registered a growth of 30.89% in value shipments in 2022 as compared to 2021 and an increase of 4% CAGR in 2022 over a period of 2017. In Adhesive Bandages Market India is becoming less competitive as HHI index in 2022 was 1247 while in 2017 it was 1221. 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. India has reportedly relied more on domestic production to meet its growing demand in Adhesive Bandages 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 Adhesive Bandages Market in 2022 was 0.6 while in 2017 it was 0.61. USA, Singapore, China, Norway and Rep. of Korea were among the top players of the market in 2022, where USA acquired the largest market share of 25.82% with a shipment value of 12.27 million USD in 2022 USA also offered the product below the average market price thus having a competitive advantage over others In 2017 USA had the largest market share of 24.74% with the shipment value of 7.1 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As USAprice is lower than the average price, it provided a significant edge among other competitor in 2017.
