U.S. Totalizing Fluid Meter And Counting Device Market. Analysis And Forecast to 2025
U.S. Totalizing Fluid Meter and Counting Device Imports Decelerated in 2015, after a Period of Outstanding Growth
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The U.S. ranks first in global imports of totalizing fluid meter and counting device, with a 22% share (based on USD). It was followed by Germany (11%), Mexico (6%) and China (6%). In 2015, U.S. totalizing fluid meter and counting device imports totaled 2,847 million USD, which was 135 million USD (5%) more than the year before.
From 2007 to 2015, U.S. totalizing fluid meter and counting device imports showed mixed dynamics. A significant drop in 2009 was followed by rocketing growth over the next five years, until imports started to decelerate by 2015. There was an annual increase of +16.2% from the bottom of 2009 to 2015.
In 2011, the U.S. totalizing fluid meter and counting device importers confidently surpassed the pre-recession imports level achieved in 2007.
Rapidly growing imports indicate that the U.S. remains one of the most attractive destinations for overseas suppliers.
Mexico was the main supplier of totalizing fluid meter and counting device into the U.S., with a 57% share of total U.S. imports in 2015, based on USD. It was distantly followed by China (20%). China was the fastest growing supplier (+16.4% per year) from 2007 to 2015, while imports from Mexico grew by +9.8% per year. China strengthened its position in U.S. imports by +8 percentage points from 2007 to 2015, while Mexico gained +4 percentage points over the same period.
From 2007 to 2015, the U.S. was a net importer of totalizing fluid meter and counting device. Moreover, imports grew faster than exports on average over the period under review.
The U.S. trade deficit in this sector worsened over the period under review, growing from 788 million USD in 2007 to 1,948 million USD in 2014. The negative trend accelerated sharply after 2010, following the rapid imports growth.
Source: IndexBox AI Platform
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