Food Products Machinery Market - U.S. Food Products Machinery Trade Deficit Fairly Evaporated under Expansion of Imports
Photo: © val lawless / Bigstockphoto
The U.S. takes an X% share (based on USD) of global exports on the food products machinery market, which put it in fourth place, following Germany (X%), Italy (X%) and China (X%). In 2015, the U.S. exported X million USD, X% under the previous year.
After a peak of 2008, there was an abrupt fall in 2009, followed by a recovery over the next three years. Since 2012, exports remained relatively stable, except a brief hike in 2014. In 2012, U.S. food products machinery exporters overcame the pre-recession level achieved in 2008, increasing very mildly from that point by 2015.
As U.S. companies stabilized their positions on overseas markets, domestic manufacturers enjoyed an additional impetus for ongoing industry growth.
In 2015, the main destinations of U.S. food products machinery exports were Canada (X%), Mexico (X%) and China (X%). The share exported to Mexico increased (+X percentage points), while the shares sent to Canada and China remained relatively stable from 2007 to 2015.
Net US net exports fluctuated wildly over the period under review. From 2010 to 2014, the U.S. was a net exporter of food products machinery, with a trade surplus narrowing to approximately X million USD. However, that surplus not only evaporated but turned into a X million USD trade deficit in 2015, driven by imports outpacing the stable exports over the recent three years.
Do you want to know more about the U.S. food products machinery market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- food products machinery market share
- food products machinery prices
- food products machinery industry
- food products machinery sales
- food products machinery market forecast
- food products machinery price forecast
- key food products machinery 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