India Hair Conditioner Market Shipment Analysis
India Hair Conditioner Market registered a growth of 47.38% in value shipments in 2022 as compared to 2021 and an increase of 5.01% CAGR in 2022 over a period of 2017. In Hair Conditioner Market India is becoming more competitive as the HHI index in 2022 was 977 while in 2017 it was 1066. 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 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 0.48 while in 2017 it was 0.26. USA, China, Indonesia, Spain and Thailand were among the top players of the market in 2022, where USA acquired the largest market share of 22.51% with a shipment value of 13.95 million USD in 2022 USA 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 Spain had the largest market share of 16.31% with the shipment value of 5.12 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 Spain offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Hair Conditioner Market in 2017.
