The U.S. Industrial Mold Market Recovers from a Plunge

Other Fabricated Metal Products January 27, 2016
Author: Alla Yakimova
Market Analyst

From 2008 to 2014, the U.S. industrial mold market showed mixed dynamics. A significant drop in 2009 (-26%) was followed by recovery growth from 2010 to 2014. In 2014, the industrial mold market reached 7.57 billion USD.

Canada was the main supplier of industrial mold into the U.S., with a combined share of 31% of total U.S. imports in 2014. However, the fastest growing suppliers were Switzerland (+19.4% per year) and China (+14.4% per year) from 2007 to 2014. China strengthened its position in the U.S. import structure, from 9% in 2007 to 17% in 2014. By contrast, Japan saw its share reduced to 14%.

In 2014, the main destinations of U.S. industrial mold exports were Mexico (43%) and Canada (22%). The share exported to Mexico increased (+10 percentage points), while the share sent to Canada illustrated negative dynamics (-4 percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.

Source: U.S. Industrial Mold Market. Analysis And Forecast to 2020