India Super Capacitor Market Shipment Analysis
India Super Capacitor Market registered a growth of 5.45% in value shipments in 2022 as compared to 2021 and an increase of 13.64% CAGR in 2022 over a period of 2017. In Super Capacitor Market India is becoming more competitive as the HHI index in 2022 was 2136 while in 2017 it was 2724. 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 Super Capacitor 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 Super Capacitor Market in 2022 was 41.27 while in 2017 it was 38.08. China, China, Hong Kong SAR, Singapore, Japan and Other Asia, nes were among the top players of the market in 2022, where China acquired the largest market share of 36.27% with a shipment value of 180.36 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Super Capacitor Market. In 2017 China had the largest market share of 48.82% with the shipment value of 106.91 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.
