NEWS
US plastic machine sales fall again in third quarter of year
North American sales of plastics processing machin- ery fell again in the third quarter of this year. The Plastics Industry
Association’s Committee on Equipment Statistics (CES) said that machinery sales were US$319 million for the quarter – a 9% fall on the same period in 2023. However, it was around 42% higher than the second quarter of this year. Sales of injection mould- ing machines were down 11% year-on-year, but up by around 34% compared to the previous quarter. For comparison, sales of single-screw extruders fell nearly 28% year-on-year, but were about 32% higher than the previous quarter. And twin-screw extruder sales rose 43% year-on-year and by nearly 150% on the previ- ous quarter. “The rebound in primary plastics equipment in the third quarter shows that growth prospects remain, aligning with the positive outlook for the broader plastics industry – not just equipment,” said Perc Pineda, chief economist at the association. “With baseline demand for plastic products holding steady, demand for plastics equipment is likely to grow over time.” The latest CES quarterly survey showed that 70% of respondents expect improved market conditions over the next year. In addition, the portion of
www.injectionworld.com
respondents reporting an increase in quoting activity rose to from 40%, in the previous quarter, to 42% currently.
In Q3 2024, US plastics equipment exports reached US$348m – nearly 20%
down year-on-year, but 2% higher than the previous quarter. Mexico and Canada
remain the top export markets, accounting for a combined US$156m – or 45% of the total exports.
Pineda added that the
likelihood of ongoing interest rate cuts – to a target range of 4.25-4.5% – “should gradually help the manufacturing sector move past the recent downturn”. �
www.plasticsindustry.org
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