NEWS
North America Q1 machine sales fall
Primary plastics machinery shipments
Source: Plastics Committee on Equipment Statistics
Sales of plastics machinery in North America have fallen in the first quarter of this year. The Plastics Industry Association’s
Committee on Equipment Statistics (CES) estimates Q1 sales of nearly US$262 million – around 25% down compared to both the preceding quarter and the same period in 2023. Single-screw extrusion machines saw sales cut in half since the previous quarter, and down more than 23% year-on-year. Twin-screw extruder sales fell 7% compared to Q4, and by 17% year-on-year. By comparison, injection moulding sales were down one-third compared to Q4 and down nearly 25% year-on-year.
“It is common to see lower ship- ments in the first quarter of each year,” said Perc Pineda, chief economist at the association. “Accounting for such seasonality, shipments decreased by 8.5% quarter-over-quarter.” Plastics machinery suppliers were aligned with the overall economy, he added.
However, the latest CES quarterly survey shows nearly 75% of partici- pants anticipate steady or improved market conditions over the next 12 months. At the same time, nearly half (49%) expect an increase in quoting
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activity – compared to 17% of participants in the previous survey. In Q1 2024, US exports of plastics equipment fell by more than 7%, while imports grew 7.0% from the previous quarter. Mexico and Canada remained the top export markets, together accounting for US$191m in exports – just under 48% of total US plastics machinery exports globally. “The US economy is poised for another year of growth, albeit at a slightly lower rate,” said Pineda. “However, growth in housing is hampered by higher borrowing costs, which also applies to higher capital expenditure financing – in- cluding equipment investment in plastics manufacturing.” n The Plastics Industry Association – which organises the NPE show – says that over 50,000 registrants signed up for the show in advance. It reported representatives from 133 countries registered to attend NPE 2024, a near-10% increase on the number of countries registered at the last NPE in 2018. A large proportion (63%) of
attendees were experiencing their first NPE. The association added 30% of attendees were under the age of 40. �
www.plasticsindustry.org
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