Peru Hair Care Market Shipment Analysis
Peru Hair Care Market registered a growth of 27.93% in value shipments in 2021 as compared to 2020 and a decrease of -3.32% CAGR in 2021 over a period of 2017. In Hair Care Market Peru is becoming more competitive as the HHI index in 2021 was 1982 while in 2017 it was 2137. 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.
Peru has reportedly relied more on imports to meet its growing demand in Hair Care 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 Hair Care Market in 2021 was 3.87 while in 2017 it was 4.71. Colombia, Mexico, Argentina, Italy and Brazil were among the top players of the market in 2021, where Colombia acquired the largest market share of 30.12% with a shipment value of 15.73 million USD in 2022 Colombia also offered the product below the average market price thus having a competitive advantage over others In 2017 Colombia had the largest market share of 31.73% with the shipment value of 15.34 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 Colombia price is lower than the average price, it provided a significant edge among other competitor in 2017.
