Glass Container Market - China Is the Fastest Growing Supplier of Glass Containers into the U.S.
Glass June 30, 2016
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The U.S. prevails in global imports on the glass container market, accounting for a 16% share (based on USD). It was followed by France (13%), Italy (5%) and Spain (5%). In 2015, U.S. glass container imports totaled 1,558 million USD, which was 91 million USD (6%) more than the year before.
Overall, U.S. glass container imports showed upward dynamics over the period under review. A significant drop in 2009 was followed by robust growth through to 2015. There was an average annual increase of +5.7% from 2007 to 2015. In 2011, U.S. glass container importers overcame the pre-recession import level achieved in 2007.
Supported by steady growth of imports, the U.S. remains one of the most attractive destinations for overseas suppliers.
China and Mexico were the main suppliers of glass container into the U.S., with a combined 60% share of total U.S. imports in 2015. China was the fastest growing supplier (+18.1% per year) from 2007 to 2015, while imports from Mexico grew by +6.4% per year. China significantly strengthened its position in the U.S. imports structure, from 13% in 2007 to 32% in 2015. By contrast, Mexico gained only +2 percentage points over the same period, resulting to a share of 28%.
From 2007 to 2015, the U.S. was a net importer of glass container. Moreover, imports grew faster than exports on average over the period under review.
After a drop of 2009, net U.S. imports of glass container showed an upward trend over the period under review. In 2015, this industry ran a significant trade deficit of 1,258 million USD.
Do you want to know more about the U.S. glass container market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- glass container market share
- glass container prices
- glass container industry
- glass container sales
- glass container market forecast
- glass container price forecast
- key glass container producers
Source: U.S. Glass Container Market. Analysis And Forecast to 2020
