U.S. Biological Products (Except Diagnostic) Market. Analysis And Forecast to 2025
Biological Product Market - U.S. Biological Product Export Value Rockets, But Imports Remain Strong
Photo: © alexraths / Bigstockphoto
The U.S. ranks fourth globally in exports on the biological product market with a 12% share (based on USD), following Switzerland (21%), Germany (18%), and Belgium (13%). The U.S. exported 17,378 million USD in 2015, which was 20% over the previous year's value.
U.S. biological product exports showed strong fluctuations over the period under review. There was no recessionary slump; moreover, exports reached local peaks in 2009 and 2010. After the plunge of 2011, the value of exports grew steadily through to 2015, with a rocketing acceleration over the last two years.
As U.S. companies posted solid gains on overseas markets, domestic manufacturers enjoyed a new growth driver.
The Netherlands (15%), Belgium (15%), Germany (8%), and Switzerland (7%) were the main destinations of U.S. biological product exports in 2015. The share exported to Belgium increased (+9 percentage points), while the share sent to Germany shrank dramatically (-23 percentage points) from 2007 to 2015. The shares of the other major destinations remained relatively stable throughout the analysed period.
From 2007 to 2010, the U.S. was a net exporter of biological products, but that surplus turned into a significant trade deficit over the two years that followed. Starting in 2013, net exports regained their strength. However, this resulted only in a relatively small trade surplus of 671 million USD in 2015.
Do you want to know more about the U.S. biological product market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- biological product market share
- biological product prices
- biological product industry
- biological product sales
- biological product market forecast
- biological product price forecast
- key biological product producers
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