U.S. Copper And Copper Alloy Products Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Copper And Copper Alloy Product Market - U.S. Copper and Copper Alloy Products Imports Plunged after a Three-Year Period of Being Stable
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The U.S. ranks first in global imports on the copper and copper alloy product market, accounting for an X% share (based on USD). It was followed by China (X%), Germany (X%) and France (X%). In 2015, U.S. copper and copper alloy products imports totaled X million USD, which was X million USD (X%) less than the year before.
From 2007 to 2015, U.S. copper and copper alloy products imports showed mixed dynamics. A precipitous drop in 2009 was followed by a rebound over the next two years, until imports leveled off through to 2014. In 2015, another plunge occurred, dropping by X% under the previous year.
In 2011, U.S. copper and copper alloy products imports recovered from a recessionary slump. However, after a slip back in 2012 and another fall in 2015, imports stood far below the pre-recession level of 2008.
Despite negative import dynamics, the U.S. continues to be one of the biggest markets for global exporters.
Canada, Mexico and Germany were the main suppliers of copper and copper alloy products into the U.S., with a combined X% share of total U.S. imports in 2015. Germany was the fastest growing supplier (+X% per year) from 2007 to 2015, while imports from Canada decreased by -X% per year. Mexico faced a deeper decline, falling by -X% per year. Over the period under review, Canada and Germany strengthened their positions in the U.S. import structure by +X percentage point each, to X% and X% in 2015, respectively. By contrast, Mexico saw its share reduced from X% to X%.
From 2007 to 2015, the U.S. was a net importer of copper and copper alloy products. However, imports declined faster than exports on average over the period under review.
Net US imports of copper and copper alloy products showed sharp fluctuations, but an overall trend was downward over the period under review. After a steep fall in 2015, the trade deficit fairly evaporated, amounting to X million USD.
Do you want to know more about the U.S. copper and copper alloy product market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- copper and copper alloy product market share
- copper and copper alloy product prices
- copper and copper alloy product industry
- copper and copper alloy product sales
- copper and copper alloy product market forecast
- copper and copper alloy product price forecast
- key copper and copper alloy product producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the market for copper and copper alloy product 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
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