Analytical Laboratory Instrument Market - U.S. Analytical Laboratory Instrument Exports Remained Stable over the Recent Years

Measuring, Testing, Navigating And Control Equipment June 16, 2016
Author: Irina Andreeva
Market Analyst

analytical laboratory instrument market

Photo: © vinnstock / Bigstockphoto

The U.S. takes second place in global exports on the analytical laboratory instrument market with a 19% share (based on USD), following Germany (21%). In 2015, the U.S. exported 11,682 million USD, 2% under the previous year.

From 2007 to 2015, U.S. analytical laboratory instrument exports showed mixed dynamics. A slight drop in 2009 was followed by steady growth over the next three years. In 2013, growth evaporated, and exports stood stable with minor fluctuations, slightly declining in 2015.

In 2010, the U.S. analytical laboratory instrument exporters overcame the pre-recession level achieved in 2008.

As U.S. companies improved their positions on overseas markets, domestic manufacturers enjoyed a new growth driver. However, as exports remains stable over the last four years, that positive impact appears to be fairly exhausted.

In 2015, the main destinations of U.S. analytical laboratory instrument exports were China (14%), Canada (10%) and Germany (9%). The share exported to China increased (+7 percentage points), while the shares sent to Canada and Germany illustrated negative dynamics (-2 and -4 percentage points, respectively) between 2007 and 2015.

From 2007 to 2015, the U.S. was a net exporter of analytical laboratory instruments. However, imports grew faster than exports on average over the period under review.

Net US exports of analytical laboratory instruments showed mixed dynamics over the period under review, growing steadily in 2007-2010, stabilizing in 2011-2012 and turning into a decline in 2014-2015. However, in 2015, this industry ran a significant trade surplus of 2,052 million USD.

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Source: U.S. Analytical Laboratory Instrument Market. Analysis And Forecast to 2020