Surface Active Agent Market - U.S. Surface Active Agent Market Turned to Decline, with Canada as the Key Destination
Soap And Detergents July 06, 2016
Photo: © alexraths / Bigstockphoto
The U.S. ranks second globally in exports of surface active agents with a 12% share (based on USD), following Germany (16%) and outperforming Belgium (7%). In 2015, the U.S. exported 5,489 million USD, which was 5% under the previous year's figure.
From 2007 to 2015, U.S. exports on the surface active agent market showed mixed dynamics. A slight decline in 2009 was followed by steady growth over the next five years, with a deceleration by 2014. However, the growth of exports lost its momentum in 2015, slipping by 5% from the previous year's level. In 2010, U.S. surface active agent exports overcame the pre-recession peak of 2008, fluctuating at considerably higher levels thereafter.
As U.S. companies improved their positions on overseas markets, domestic manufacturers enjoyed a new growth driver.
In 2015, Canada (33%) was the main destination of U.S. surface active agent exports, distantly followed by Mexico (10%) and China (9%). The share exported to Canada decreased (-3 percentage points), while the shares sent to other major destinations showed slight increases from 2007 to 2015.
From 2007 to 2015, the U.S. was a net exporter of surface active agents. Moreover, exports grew faster than imports on average over the period under review. Net US exports of surface active agents fluctuated generally in line with export dynamics over the period under review, growing gradually over 2010-2014 and dropping in 2015. This industry ran a significant trade surplus of 3,492 million USD in 2015.
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Source: U.S. Surface Active Agent Market. Analysis And Forecast to 2020
