India Calcium Market Shipment Analysis
India Calcium Market registered a decline of -0.65% in value shipments in 2022 as compared to 2021 and an increase of 11.82% CAGR in 2022 over a period of 2017. In Calcium Market India is becoming less competitive as HHI index in 2022 was 9457 while in 2017 it was 8178. 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 imports to meet its growing demand in Calcium 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 Calcium Market in 2022 was 9.07 while in 2017 it was 15.17. China, Japan, USA, China, Hong Kong SAR and United Arab Emirates were among the top players of the market in 2022, where China acquired the largest market share of 97.23% with a shipment value of 35.8 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 90.15% with the shipment value of 17.1 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 China price is lower than the average price, it provided a significant edge among other competitor in 2017.
