Chinese Suppliers of Wood Truss Displace Canadian Producers from the US Market
The U.S. takes a 20% share (based on USD) of global wood truss imports, which put it in second place, following Japan (23%). In 2015, U.S. wood truss imports totaled 1,081 million USD, which was 74 million USD (7%) more than the year before.
U.S. wood truss imports showed mixed dynamics from 2007 to 2015. A significant decline in 2008, 2009, and 2011 switched to recovery growth in the years that followed. Despite the recovery growth, imports in 2015 had yet to reach the pre-recession level of 2007.
Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.
Canada and China were the main suppliers of wood truss into the U.S., with a combined share of 86% of total U.S. imports in 2015. China significantly strengthened its position in the U.S. import structure, from 20% in 2007 to 42% in 2015. By contrast, Canada saw its share reduced to 44%.
The U.S. was a net importer of wood truss from 2007 to 2015. In 2015, U.S. wood truss market ran a trade deficit of 902 million USD, at approximately 83% of gross imports.
Source: IndexBox AI Platform
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
We can help you conduct market research and write a report using the most reliable data