Photographic Film Market - U.S. Photographic Film, Paper, Plate, and Chemical Exports Continue to Decline
Other Household Сhemicals July 08, 2016
Photo: © cienpies / Bigstockphoto
The U.S. takes second place in global exports on the photographic film market with a 15% share (based on USD), following Japan (27%) and outrunning the Netherlands (10%) and Germany (10%). In 2015, the U.S. exported 2,032 million USD, 6% under the previous year's value.
Overall, U.S. photographic film, paper, plate, and chemical exports showed a steady decrease over the period under review, with the negative trend accelerating over 2014-2015. There was an average annual decrease of -3.8% throughout the analysed period. In 2015, exports stood at about 27% below the pre-recession peak of 2008, and they hardly could be expected to recover in the medium term. Declining exports significantly limit the opportunities for domestic producers.
In 2015, China (30%) and Mexico (13%) were the main destinations of U.S. photographic film, paper, plate, and chemical exports. The share exported to China increased rapidly (+25 percentage points), while the share sent to Mexico illustrated negative dynamics (-8 percentage points) from 2007 to 2015.
From 2007 to 2015, the U.S. was a net exporter of photographic film, paper, plates, and chemicals. However, the average decline in imports was less pronounced than the decrease in exports over the period under review.
Net US exports of photographic film, paper, plates, and chemicals almost cut in half over the period under review. However, this industry still ran a significant trade surplus of 581 million USD in 2015.
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Source: U.S. Photographic Film, Paper, Plate, And Chemical Market. Analysis And Forecast to 2020
