India Nail Care Market Shipment Analysis
India Nail Care Market registered a growth of 54.47% in value shipments in 2022 as compared to 2021 and a decrease of -0.8% CAGR in 2022 over a period of 2017. In Nail Care Market India is becoming less competitive as HHI index in 2022 was 2247 while in 2017 it was 1773. 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 Nail Care 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 Nail Care Market in 2022 was 2.93 while in 2017 it was 1.58. USA, United Kingdom, Italy, Spain and Belgium were among the top players of the market in 2022, where USA acquired the largest market share of 35.45% with a shipment value of 0.35 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 Nail Care Market. In 2017 France had the largest market share of 32.36% with the shipment value of 0.22 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 Franceprice is lower than the average price, it provided a significant edge among other competitor in 2017.
