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
Consumer Electronics June 17, 2016
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.
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Source: U.S. Audio And Video Equipment Market. Analysis And Forecast to 2020
