Mineral Wool Market - U.S. Mineral Wool Exports Slipped, however, the Trend Remains Upward
Textiles June 30, 2016
Photo: © lightkeeper / Bigstockphoto
The U.S. takes a 14% share (based on USD) of exports on the mineral wool market, which put it in second place, following China (15%) and outstripping Germany (11%). In 2015, the U.S. exported 1,043 million USD of mineral wool, 8% under the previous year. Despite a decline in 2015, U.S. mineral wool exports displayed a steady upward trend, however, with some significant fluctuations over the period under review. There was an average annual increase of +4.7% throughout the analysed period.
As U.S. companies improved their positions on overseas markets, domestic manufacturers enjoyed a new growth driver.
In 2015, the main destinations of U.S. mineral wool exports were Canada (28%), and Mexico (26%). The share exported to Mexico increased (+11 percentage points), while the share sent to Canada illustrated negative dynamics (-2 percentage points) from 2007 to 2015.
From 2007 to 2015, the U.S. was a net exporter of mineral wool. However, imports grew faster than exports on average over the period under review.
From 2007 to 2011, net US exports of mineral wool showed an upward trend over the period under review. In 2012, it turned downwards and declined through to 2015, resulting into a small trade surplus of 224 million USD.
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Source: U.S. Mineral Wool Market. Analysis And Forecast to 2020
