U.S. Bare Printed Circuit Board Market. Analysis And Forecast to 2025
Bare Printed Circuit Board Market - U.S. Bare Printed Circuit Board Imports Remain Stable in the Recent Years, but Account for Only 5% of Global Imports
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The U.S. takes a 5% share (based on USD) of global bare printed circuit board imports, which put it in fourth place, following China (35%), Korea (7%), and Mexico (6%). In 2015, U.S. bare printed circuit board imports totaled 2,078 million USD, which was 63 million USD (3%) higher than the year before.
From 2007 to 2015, U.S. imports on the bare printed circuit boards market showed mixed dynamics. A significant drop in 2009 was followed by recovery growth over the following year. However, growth came to a halt in 2011. Imports have been stable in the recent years, slightly accelerating in 2015. There was an annual increase of +1.6% throughout the period from 2010 to 2015.
U.S. imports are still in the recovery phase of the economic cycle. They have to grow another 10% in order to reach the pre-recession level of 2007.
Even though U.S. imports of bare printed circuit board are far from reaching China's level, the U.S. maintains its status as one of the most attractive destinations for overseas suppliers.
China was the main supplier of bare printed circuit boards into the U.S., with a 46% share of total U.S. imports in 2015, based on USD. It was distantly followed by Japan (9%). China was the fastest growing supplier (+2.9% per year) from 2007 to 2015, while imports from Japan declined by -3.5% per year. China strengthened its position in the U.S. import structure by +13 percentage points from 2007 to 2015, while Japan and other suppliers saw their shares reduced.
From 2007 to 2015, the U.S. was a net importer of bare printed circuit boards. However, imports grew faster than exports on average over the period under review.
Net US imports of bare printed circuit boards displayed broad fluctuations over the period under review. The trade deficit worsened in the recent years, after a short-term reduction in 2014. In 2015, this industry ran a trade deficit of 404 million USD.
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Source: IndexBox AI Platform
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