NEWS
German exports hit another high with 8% growth in 2017
Exports of German plastics and rubber machinery grew by almost 8% last year – the eighth consecutive year of growth. Sales of core machinery to the USA – the top export destination – swelled by 10%, taking total sales there to €847m (US$1bn). China remained the second largest export market, with sales there up more than 14% to €717m (US$851m). Other major export markets were
Mexico – up nearly 5% to €269m (US$319m) – and Italy, where sales grew by 32% to reach €250m (US$297m). This growth was down to policies of the Italian government to stimulate the use of ‘Industry 4.0’ tools, said VDMA. The only dips in demand, in major
export markets, were from France – down 3% to €191m (US$227m) – and India, which fell nearly 4% to €172m (US$204m).
Outside the ‘Top 10’, sales to
Russia bounced back after a long decrease, rising more than one-third to €114m (US$135m). In Brazil, where “the longest and strongest recession
Kühmann: “We are in a very long boom phase that has already exceeded its usual length”
A Member of Brückner Group
has come to an end”, sales grew by 35% to reach 75m (US$89m). VDMA said that 2018 order books
were full, and that it expected growth of at least 3% for the year. However, it signalled a note of caution, saying the “climate is starting to change”. “We are in a very long boom phase
that has already exceeded its usual length,” said Thorsten Kühmann, managing director of VDMA’s plastics and rubber machinery division. “Due to this, delivery times of machinery manufacturers – and those of suppli- ers – are unusually long.” He added that companies were finding it hard to recruit skilled workers. �
http://plastics.vdma.org
Top 10 export markets for German plastics machinery, 2017 Country USA
China
Mexico Italy
Poland France
Czech Republic India UK
Spain
Sales, 2017 (m €) 847 717 269 250 233 191 175 172 145 139
Total exports: €5.4bn (+7.7%) Source: VDMA
www.filmandsheet.com
32.1 9.7
-3.2 7.2
-3.7 2.3 2.1
% change vs 2016 10.1 14.3 4.5
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