Industrial Valve Market - The U.S. Keeps the Leading Share in Global Industrial Valve Imports, Totaling to nearly 13,6 Billion USD in 2015
Fluid Power Equipment June 24, 2016
Photo: © gornostaj / Bigstockphoto
The U.S. is the global leader in imports on the industrial valve market, accounting for a 17% share (based on USD). It was distantly followed by China (8%), Germany (6%), and Canada (4%). In 2015, U.S. industrial valve imports totaled 13,577 million USD, which was 656 million USD (5%) less than the year before.
From 2007 to 2015, U.S. industrial valve imports showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next five years, until imports leveled off by -5% in 2015.
In 2010, U.S. industrial valve imports nearly recovered to their pre-recession levels. Since 2011, imports remained increasingly above the levels of 2008.
Supported by a positive imports trend of the recent years, the U.S. continues to be one of the biggest markets for global exporters.
China, Mexico, Japan, and Germany were the main suppliers of industrial valves into the U.S., with a combined share of 60% of total U.S. imports in 2015. From 2007 to 2015, China (+7.2% per year) and Mexico (+7.6% per year) were the fastest growing suppliers. China improved its position in the U.S. import structure, from 24% in 2007 to 28% in 2015, while Mexico's share increased by +3 percentage points to 16%. The other countries recorded modest paces of growth over the same period.
From 2007 to 2015, the U.S. was a net importer of industrial valves. However, exports grew faster than imports on average over the period under review, and generally stood close to imports. Net US imports of industrial valves fluctuated substantially over the period under review, leading to a fall from 3,531 million USD in 2007 to 2,429 million USD in 2015.
Do you want to know more about the U.S. industrial valve market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- industrial valve market share
- industrial valve prices
- industrial valve industry
- industrial valve sales
- industrial valve market forecast
- industrial valve price forecast
- key industrial valve producers
Source: U.S. Industrial Valve Market. Analysis And Forecast to 2020
