NEWS
North America: machine sales reduce in third quarter of 2019
The value of primary plastics machin- ery (injection moulding and extrusion) deliveries in North America fell slightly marginally in the third quarter of 2019, according to statistics from the Plastics Industry Association’s Committee on Equipment Statistics (CES). The early estimate of sales from
reporting companies totalled nearly US$294 million. After an 8% increase in the second quarter, deliveries fell by 0.5% in the third quarter. However, while total delivery value decreased, extrusion machinery sales increased in the quarter: single- and twin-screw extruder sales rose by around 5% and 14%, respectively, comared to Q2, while those for injection moulding fell nearly 2%.
While it appears that deliveries
flattened from the previous quarter, they were down nearly 16% from a year ago. The delivery value of twin-screw
extruders fell by almost 30% in that time, and single-screw extruders fell by more almost 6%. For comparison, injection moulding machinery sales value fell nearly 16% compared to the same period last year. “The plastics industry is a mature industry and its growth will continue to track gross domestic product (GDP),” said Perc Pineda, chief economist at the association. “The third quarter numbers moving sideways are in sync with weaker manufacturing activity in the economy
this year. In Plastics Quarterly, our GDP growth forecast for the second and third quarters were 2.0% and 1.9%, respectively and that’s what we got,” he added. The CES also conducts a quarterly
survey of plastics machinery suppliers that asks about present market conditions and expectations for the future. In the coming quarter, 39% of respondents expect conditions to either improve or hold steady – lower than the 56% that felt similarly in the previous quarter. For the next 12 months, 63% expect
market conditions to be steady-to- better, up from 53% in the previous quarter’s survey. �
www.plasticsindustry.org
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