NEWS
German converters lift sales by 13% but fear energy price rises
GKV, the trade organisation that represents German plastics processors, report- ed a rise of nearly 13% in turnover last year. However, the organisa- tion said that the sector was under pressure from rising energy prices and falling earnings – as many compa- nies find it difficult to pass on increased costs to their customers. “The future of plastics
processing companies in Germany stands and falls with the possibility of passing costs on to customers,” said Helen Fürst, president of
German plastics converting, 2022 Sales 2022 (bn€) 46.2 32.7 78.9
Domestic Export Total
Source: GKV
GKV. “With the dramatic price increases for electricity and gas, there are clear doubts as to whether this will be possible this year.” GKV said sales rose to €79 billion (US$84bn) in 2022, up almost 13% in comparison with 2021. Over 41% of sales (€33bn, or US$35bn) were from exports – an increase in
value of nearly 20%. At the same time, domestic sales rose by nearly 8%, to account for more than €46bn (US$49bn). Despite the increase in
turnover, processing volumes fell by around 3% to 13.6 million tonnes of plastic. Of this, 2.4m tonnes was recyclate – a rise of 9%. In the same period, the industry’s
% Change +7.6
+19.7 +12.6
workforce rose by around 1% to exceed 326,000 people. In addition, the number of processing plants rose by a similar amount to just over 3,000 facilities. Figures are not broken down into specific process- es (such as extrusion). The packaging sector – which is most relevant to film and sheet extrusion – saw a near-5% decline in the amount of material pro- cessed (4.2m tonnes). However, turnover in the sector rose 13% to nearly €19bn (US$20bn), it said. �
www.gkv.de
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42
