India Copper Sulphate Market Shipment Analysis
India Copper Sulphate Market registered a growth of 49.34% in value shipments in 2022 as compared to 2021 and a decrease of -47.47% CAGR in 2022 over a period of 2017. In Copper Sulphate Market India is becoming more competitive as the HHI index in 2022 was 3267 while in 2017 it was 8888. 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 Copper Sulphate 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 Copper Sulphate Market in 2022 was 0.04 while in 2017 it was 2.08. Thailand, Brazil, United Rep. of Tanzania, Sri Lanka and Germany were among the top players of the market in 2022, where Thailand acquired the largest market share of 50.23% with a shipment value of 0.12 million USD in 2022 Thailand also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Copper Sulphate Market. In 2017 Other Asia, nes had the largest market share of 94.23% with the shipment value of 6.96 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 Other Asia, nesprice is lower than the average price, it provided a significant edge among other competitor in 2017.
