European plastics and rubber machinery manufacturers targeting sales growth of just under 2 per cent

European plastics and rubber machinery manufacturers targeting sales growth of just under 2 per cent

18 Oct 2016

- Outlook for 2017 and 2018 remains positive
- Global industry growth higher at 3.4 per cent

Europe's plastics and rubber machinery manufacturers anticipate that sales will grow by an average of 1.8 per cent in the current year and in the two years ahead.

"This forecast means that the industry in the member countries of EUROMAP will continue to grow," Luciano Anceschi, President of EUROMAP, the European umbrella organisation for the most important national plastics and rubber machinery associations, is pleased to report. "Between 2005 and 2015, sales in our countries rose from 9.3 to 13.5 billion euro, up by a noteworthy 46 per cent, albeit less than the 83 per cent growth recorded worldwide in the same period."

"At the same time, exports from EUROMAP countries rose by 52 per cent, from 6.6 to 10 billion euro. Here, the European growth rate was only slightly below the global increase of 56 per cent.

For us Europeans, the whole world is our market, whereas in the last decade China was still predominantly serving its own market," EUROMAP Vice President Dr. Karlheinz Bourdon adds.

In 2015, the EUROMAP countries as a whole accounted for 47 per cent of world exports, while China's share, following a surge in exports, reached 15 per cent.

In the years 2016 to 2018, global sales of plastics and rubber machinery are expected to grow by an average of 3.4 per cent, with China as the main growth driver.

So far as German manufacturers are concerned, the VDMA confirms the forecast made in the spring of 2 per cent growth both this year and next.

Image source:  EUROMAP  

 

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