The 2011 Import and Export Market for Pressure Regulators, Controllers, and Monostats in the United States by ICONGroup


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									 The 2011 Import and Export
     Market for Pressure
 Regulators, Controllers, and
 Monostats in the United States

                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)                                      ©2011 ICON Group Ltd.

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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.

                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.

Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.                                                    ©2011 ICON Group Ltd.

                           About ICON Group Ltd.
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                                                         Contents        v

Table of Contents
1     INTRODUCTION AND METHODOLOGY                                   7
2     THE UNITED STATES AND THE WORLD MARKET                         9
    2.1     Imports in the United States in 2011                     9
    2.2     Exports from the United States in 2011                  10
3     IMPORTS IN THE UNITED STATES                                  11
    3.1      Asia                                                   11
       3.1.1    China                                               11
       3.1.2    Japan                                               12
       3.1.3    Singapore                                           13
       3.1.4    Taiwan                                              13
    3.2      Europe                                                 14
       3.2.1    Belgium                                             14
       3.2.2    Czech Republic                                      15
       3.2.3    Denmark                                             16
       3.2.4    France                                              17
       3.2.5    Germany                                             18
       3.2.6    Italy                                               19
       3.2.7    Luxembourg                                          20
       3.2.8    Poland                                              21
       3.2.9    Switzerland                                         22
       3.2.10 the Netherlands                                       23
       3.2.11 the United Kingdom                                    24
    3.3      Latin America                                          25
       3.3.1    Brazil                                              25
       3.3.2    Mexico                                              25
    3.4      North America & the Caribbean                          26
       3.4.1    Canada                                              26
    3.5      the Middle East                                        26
       3.5.1    Israel                                              26
4     EXPORTS FROM THE UNITED STATES                                27
    4.1      Africa                                                 27
       4.1.1   South Africa                                         27
    4.2      Asia                                                   28
       4.2.1   China                                                28
       4.2.2   Hong Kong                                            29
       4.2.3   India                                                29
       4.2.4   Indonesia                                            30
       4.2.5   Japan                                                30
       4.2.6   Malaysia                                             31
       4.2.7   Philippines                                          31
       4.2.8   Singapore                                            32
       4.2.9   South Korea                                          32
       4.2.10 Taiwan                                                33
       4.2.11 Thailand                                              33
    4.3      Europe                                                 34
       4.3.1   Austria                                              34
       4.3.2   Belgium                                              35
       4.3.3   Denmark                                              36                              ©2011 ICON Group Ltd.
                                                           Contents        vi

       4.3.4    Finland                                               37
       4.3.5    France                                                38
       4.3.6    Germany                                               39
       4.3.7    Iceland                                               40
       4.3.8    Ireland                                               40
       4.3.9    Italy                                                 41
       4.3.10 Norway                                                  42
       4.3.11 Poland                                                  43
       4.3.12 Romania                                                 44
       4.3.13 Russia                                                  45
       4.3.14 Slovenia                                                46
       4.3.15 Spain                                                   46
       4.3.16 Sweden                                                  47
       4.3.17 Switzerland                                             48
       4.3.18 the Netherlands                                         49
       4.3.19 the United Kingdom                                      50
    4.4      Latin America                                            51
       4.4.1    Argentina                                             51
       4.4.2    Brazil                                                52
       4.4.3    Colombia                                              53
       4.4.4    Ecuador                                               53
       4.4.5    Mexico                                                54
       4.4.6    Panama                                                54
       4.4.7    Peru                                                  55
    4.5      North America & the Caribbean                            55
       4.5.1    Canada                                                55
    4.6      Oceana                                                   56
       4.6.1    Australia                                             56
    4.7      the Middle East                                          57
       4.7.1    Israel                                                57
       4.7.2    Jordan                                                57
       4.7.3    Saudi Arabia                                          58
       4.7.4    Turkey                                                59
    5.1    Disclaimers & Safe Harbor                                  60
    5.2    ICON Group Ltd. User Agreement Provisions                  61                                ©2011 ICON Group Ltd.
                           Pressure Regulators, Controllers, and Monostats in the United States    7

On the demand side, exporters and strategic planners focusing on pressure regulators, controllers,
and monostats in the United States face a number of questions. Which countries are supplying
pressure regulators, controllers, and monostats to the United States? How important is the United
States compared to others in terms of the entire global and regional market? How much do the
imports of pressure regulators, controllers, and monostats vary from one country of origin to
another in the United States? On the supply side, the United States also exports pressure
regulators, controllers, and monostats. Which countries receive the most exports from the United
States? How are these exports concentrated across buyers? What is the value of these exports
and which countries are the largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for pressure regulators, controllers,
and monostats in the United States. With the globalization of this market, managers can no
longer be contented with a local view. Nor can managers be contented with out-of-date statistics
which appear several years after the fact. I have developed a methodology, based on
macroeconomic and trade models, to estimate the market for pressure regulators, controllers, and
monostats for those countries serving the United States via exports, or supplying from the United
States via imports. It does so for the current year based on a variety of key historical indicators
and econometric models.

In what follows, Chapter 2 begins by summarizing where the United States fits into the world
market for imported and exported pressure regulators, controllers, and monostats. The total level
of imports and exports on a worldwide basis, and those for the United States in particular, is
estimated using a model which aggregates across over 150 key country markets and projects
these to the current year. From there, each country represents a percent of the world market.
This market is served from a number of competitive countries of origin. Based on both demand-
and supply-side dynamics, market shares by country of origin are then calculated across each
country market destination. These shares lead to a volume of import and export values for each
country and are aggregated to regional and world totals. In doing so, we are able to obtain
maximum likelihood estimates of both the value of each market and the share that the United
States is likely to receive this year. From these figures, rankings are calculated to allow managers
to prioritize the United States compared to other major country markets. In this way, all the
figures provided in this report are forecasts that can be combined with internal information
sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of pressure regulators,
controllers, and monostats, Chapter 3 goes into detail on imports, but for each major country of
origin serving the United States. A “major” market is defined as a country where the United
States represents a substantially large share of either imports or exports. For each major country
exporting to the United States, one can thus observe how important the United States is to that
exporting country compared to other countries of the world. Chapter 4 does the same, but for                                                         ©2011 ICON Group Ltd.
                            Pressure Regulators, Controllers, and Monostats in the United States    8

exports of pressure regulators, controllers, and monostats originating from the United States, for
each major country of destination. In doing so, one can discover the share that the United States
has in each major market; this share value is often used as a measure of competitiveness for the
United States. In all cases, the total dollar volume and percentage share values by major trading
partner are provided. Combined, Chapters 3 and 4 present a the total picture for imports and
exports of pressure regulators, controllers, and monostats to and from the United States to and
from all other major countries in the world. "Pressure Regulators, Controllers, and Monostats" as
a category is defined in this report following the definition given by the United Nations Statistics
Division Classification Registry using the Standard International Trade Classification, Revision 3
(SITC, Rev. 3). The SITC code that defined "pressure regulators, controllers, and monostats" is
87463 . For more information on this definition, please refer to the following web site: .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.                                                          ©2011 ICON Group Ltd.
                             Pressure Regulators, Controllers, and Monostats in the United States        9

    Imported Pressure Regulators, Controllers, and Monostats in the United States,
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)               % Share        Cumulative %
Mexico                            1                    41,534                69.94                   69.94
Germany                           2        
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