U.S. Irradiation Apparatus Market. Analysis And Forecast to 2025
U.S. Irradiation Apparatus Exports Turned Upwards in 2015
Photo: © sudok1 / Bigstockphoto
The U.S. ranks second globally in irradiation apparatus exports with an 18% share (based on USD), following Germany (24%). In 2015, the U.S. exported 4,097 million USD, which was 6% over the previous year.
From 2007 to 2015, U.S. irradiation apparatus exports showed mixed dynamics. A slight drop in 2009 was followed by steady growth over the next three years, until exports turned downwards in 2013-2014. However, in 2015, exports grew again. Despite significant fluctuations, since 2010, U.S. irradiation apparatus exports remained higher than the pre-recession level achieved in 2007.
During the periods of export growth, domestic manufacturers enjoyed a growth driver from overseas markets. Resumed export increase could be a positive signal for U.S. irradiation apparatus manufacturing.
In 2015, the main destinations of U.S. irradiation apparatus exports were China (18%), Japan (15%) and Germany (10%). The shares exported to China and Japan increased (+11 and +2 percentage points, respectively), while the share sent to Germany illustrated negative dynamics (-5 percentage points) between 2007 and 2015.
From 2007 to 2015, the trade balance of irradiation apparatus recorded significant fluctuations, but, generally, the U.S. was a net exporter. However, trade flows recorded same values, leaving small room for a trade deficit or surplus.
Before 2009, the U.S. tracked a 227 million USD trade deficit of irradiation apparatus, which turned into a 309 million USD trade surplus in 2009. From 2009 to 2013, the U.S. was a net exporter of irradiation apparatus. However, in 2014, a deficit returned, only to roll back to a small surplus next year, as exports grew faster than imports in 2015.
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