U.S. Audio And Video Equipment Market. Analysis And Forecast to 2025
Audio And Video Equipment Market - Despite the Declining Trend of Audio and Video Equipment Imports, the U.S. Continues to Be the Biggest Market for Global Exporters
Photo: © fotoslaz / Bigstockphoto
The U.S. prevails in global imports on the audio and video equipment market, accounting for a 19% share (based on USD). It was followed by China (10%), Germany (7%), and Mexico (7%). In 2015, U.S. audio and video equipment imports totaled 44,122 million USD, which was 137 million USD less than the year before.
From 2007 to 2015, U.S. audio and video equipment imports showed mixed dynamics, with an overall negative trend. The downward trend was interrupted only by short-term hikes in 2010 and 2012. There was an annual decrease of -3.6% throughout the analysed period. Since its decline in 2013, the market remained stable over the last three years. Consequently, imports failed to approach the peak level of 2007.
Despite the downward trend in imports, the U.S. remains one of the most attractive destinations for overseas suppliers.
China and Mexico were the main supplying countries of audio and video equipment into the U.S., with a combined share of 76% of total U.S. imports in 2015. Imports from China declined by -2.8% per year, while Mexico's share saw a decline of -3.7% per year. China strengthened its position in the U.S. import structure by +3 percentage points from 2007 to 2015, while the share of Mexico remained relatively stable over the same period.
The U.S. was a net importer of audio and video equipment from 2007 to 2015. However, imports declined faster than exports on average over the period under review.
Net US imports of audio and video equipment showed a downward trend over the period under review. Nonetheless, this industry ran a notable trade deficit of about 32.3 billion USD in 2015.
Do you want to know more about the U.S. audio and video equipment market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- audio and video equipment market share
- audio and video equipment prices
- audio and video equipment industry
- audio and video equipment sales
- audio and video equipment market forecast
- audio and video equipment price forecast
- key audio and video equipment producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the market for audio and video equipment in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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