Noncurrent-Carrying Wiring Device Market - U.S. Noncurrent-Carrying Wiring Device Net Exports Accelerated as Imports Declined in 2014-2015
Other Electronic And Electric Wires And Cables June 07, 2016
The U.S. takes third place in global exports on the noncurrent-carrying wiring device market with a 9% share (based on USD), following China (29%) and Japan (11%). In 2015, the U.S. exported 227 million USD, -3% under the previous year.
From 2007 to 2015, U.S. noncurrent-carrying wiring device exports showed mixed dynamics. A significant drop in 2009 was followed by recovery growth over the next five years, until exports slightly decreased again. However, the overall trend was positive with an annual increase of +6.9% throughout the analysed period.
In 2010, U.S. noncurrent-carrying wiring device exporters overcame the pre-recession level achieved in 2008. 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. noncurrent-carrying wiring device exports were Mexico (33%) and Canada (15%). The share exported to Mexico increased (+4 percentage points), while the share sent to Canada illustrated negative dynamics (-3 percentage points) between 2007 and 2015.
From 2007 to 2015, the U.S. was a net exporter of noncurrent-carrying wiring device, except 2011-2012, when a little trade deficit was recorded. Moreover, exports grew faster than imports on average over the period under review.
Net US exports of noncurrent-carrying wiring device fluctuated substantially over the period under review. In 2015, this industry ran a small trade surplus of 73 million USD, approximately 32% of gross exports.
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Source: U.S. Noncurrent-Carrying Wiring Device Market. Analysis And Forecast to 2020
