U.S. Irradiation Apparatus Exports Turned Upwards in 2015

Measuring, Testing, Navigating And Control Equipment June 15, 2016
Author: Irina Andreeva
Market Analyst

Photo: © sudok1 / Bigstockphoto

The U.S. ranks second globally in irradiation apparatus exports with an 18% share (based on USD), following Germany (24%). In 2015, the U.S. exported 4,097 million USD, which was 6% over the previous year.

From 2007 to 2015, U.S. irradiation apparatus exports showed mixed dynamics. A slight drop in 2009 was followed by steady growth over the next three years, until exports turned downwards in 2013-2014. However, in 2015, exports grew again. Despite significant fluctuations, since 2010, U.S. irradiation apparatus exports remained higher than the pre-recession level achieved in 2007.

During the periods of export growth, domestic manufacturers enjoyed a growth driver from overseas markets. Resumed export increase could be a positive signal for U.S. irradiation apparatus manufacturing.

In 2015, the main destinations of U.S. irradiation apparatus exports were China (18%), Japan (15%) and Germany (10%). The shares exported to China and Japan increased (+11 and +2 percentage points, respectively), while the share sent to Germany illustrated negative dynamics (-5 percentage points) between 2007 and 2015.

From 2007 to 2015, the trade balance of irradiation apparatus recorded significant fluctuations, but, generally, the U.S. was a net exporter. However, trade flows recorded same values, leaving small room for a trade deficit or surplus.

Before 2009, the U.S. tracked a 227 million USD trade deficit of irradiation apparatus, which turned into a 309 million USD trade surplus in 2009. From 2009 to 2013, the U.S. was a net exporter of irradiation apparatus. However, in 2014, a deficit returned, only to roll back to a small surplus next year, as exports grew faster than imports in 2015.

Source: U.S. Irradiation Apparatus Market. Analysis And Forecast to 2020