Plastic Plumbing Fixture Market - U.S. Plastic Plumbing Fixture Imports Accelerate, Fueled by Supplies from China
Plastics July 06, 2016
Photo: © AndreyPopov / Bigstockphoto
The U.S. takes third place in global imports on the plastic plumbing fixture market, with a 7% share (based on USD), following Germany (11%) and France (7.3%). In 2015, U.S. plastic plumbing fixture imports totaled 290 million USD, which was 26 million USD (10%) more than the year before. A noticeable drop over 2008-2009 was followed by slight growth over the next three years. The trend continued with a sharp acceleration through to 2015. In 2013, U.S. plastic plumbing fixture imports surpassed the pre-recession peak of 2008.
Supported by solid gains in imports over the recent years, the U.S. remains one of the most attractive destinations for overseas suppliers.
China was the main supplier of plastic plumbing fixtures into the U.S., with a 45% share of total U.S. imports in 2015, based on USD. It was distantly followed by Canada (24%) and Mexico (13%). China was the fastest growing supplier (+9.2% per year) from 2007 to 2015, while imports from Mexico grew by +3.7% per year over the same period, and imports from Canada declined with an average annual rate of -2.3%. From 2007 to 2015, China strengthened its position in U.S. import structure by +14 percentage points, while Canada lost -15 percentage points and Mexico maintained its share near the outset level.
From 2007 to 2015, the U.S. was a net importer of plastic plumbing fixtures. Moreover, imports grew faster than exports on average over the period under review.
Net US imports of plastic plumbing fixtures fluctuated perceptibly over the period under review, accelerating over the last four years. In 2015, this industry ran a noteworthy trade deficit of 170 million USD.
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Source: U.S. Plastic Plumbing Fixture Market. Analysis And Forecast to 2020
