Unlaminated Plastics Film Market - U.S. Unlaminated Plastics Film And Sheet Exports Leveled Off Near 7.7 Billion USD
Plastics July 07, 2016
Photo: © MrTwister / Bigstockphoto
The U.S. takes a 10% share (based on USD) of global exports on the unlaminated plastics film market, which put it in second place, following Germany (13%). In 2015, the U.S. exported 7,712 million USD, which was practically equal to the previous year's exports.
From 2007 to 2015, U.S. unlaminated plastic film and sheet exports showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next two years, until exports leveled off in 2012. The trend continued with a healthy acceleration over the next two years, flattening again in 2015. Overall, there was an average annual increase of +4.9% throughout the analysed period. In 2010, U.S. unlaminated plastic film and sheet exports surpassed their pre-recession level of 2008.
As U.S. companies improved their positions on overseas markets, domestic manufacturers enjoyed a new growth driver.
In 2015, Mexico (28%), Canada (23%), and, distantly, China (9%), were the main destinations of U.S. unlaminated plastic film and sheet exports. From 2007 to 2015, the shares exported to Mexico and China increased (+9 percentage points and +3 percentage points, respectively), while the share sent to Canada illustrated negative dynamics (-7 percentage points).
From 2007 to 2015, the U.S. was a net exporter of unlaminated plastic film and sheets. Moreover, exports grew faster than imports on average over the period under review. In 2015, U.S. unlaminated plastic film and sheet industry ran a trade surplus of about 1.1 billion USD, a figure that has remained relatively stable in recent years.
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Source: U.S. Unlaminated Plastics Film And Sheet (Except Packaging) Market. Analysis And Forecast to 2020
