U.S. Gasket, Packing, And Sealing Device Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Gasket Market - U.S. Gasket, Packing, and Sealing Device Market Shows Balanced Trade with a Substantial Annual Growth
The U.S. is the leading global importer on the gasket market, with a X% share of total imports. It was followed by Germany (X%), China (X%), and Mexico (X%). In 2015, U.S. gasket, packing, and sealing device imports totaled X million USD, which was X million USD (+X%) higher than the previous year's value.
U.S. gasket, packing, and sealing device imports showed mixed dynamics from 2007 to 2015. A slight decline in 2009 switched to steady growth over the next six years. There was an annual increase of +X% throughout the analysed period. In 2010, U.S. gasket, packing, and sealing device imports surpassed the pre-recession level of 2008 and continued stable growth.
Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.
In 2015, China (X billion USD), Mexico (X billion USD), and Canada (X million USD) were the main suppliers of gaskets, packing, and sealing devices to the U.S., together accounting for X% of U.S. imports. China and Mexico strengthened their positions in the U.S. import structure from 2007 to 2015, while Canada saw its share reduced.
Mexico (+X% per year) and China (+X% per year) had the highest growth rates of imports between 2007 and 2015. Japan and Germany followed, expanding imports with average annual rates of +X% and +X%, respectively. Among this group of leaders, only Canada displayed negative dynamics, with imports dropping by -X% over the last seven years.
The foreign trade balance of the U.S. gasket, packing, and sealing device market approached zero. However, net U.S. imports of gaskets, packing, and sealing devices have shown a downward trend since 2013. In 2015, this industry's trade deficit decreased to X million USD, standing at approximately X% of gross imports. The annual growth rates of imports and exports were approximately equal over the period under review.
Do you want to know more about the U.S. gasket market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- gasket market share
- gasket prices
- gasket industry
- gasket sales
- gasket market forecast
- gasket price forecast
- key gasket producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the market for gasket, packing, and sealing device 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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