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In the second quarter, North American plastic machine shipments increased by 4% qoq

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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Shipments of major plastics machinery in North America increased in the second quarter, according to statistics from the Equipment Statistics Council (CES) of the American Plastics Industry Association

The total export value of plastic machinery in the second quarter was 289 million US dollars, a decrease of 21% from the previous quarter

Shipments of single-screw and twin-screw extruders fell by 46.
8% and 30.
1%, respectively, in the second quarter

Perc Pineda, chief economist at the Plastics Industry Association, said: "Although shipments of major plastics machinery remained lower than in previous quarters, the second quarter's growth was in line with the gradual improvement in the U.
S.
economy.
In tune

CES also conducts a quarterly survey of plastic machinery suppliers, asking about current market conditions and expectations for the future

As for the next 12 months, 24% of respondents expect market conditions to stabilize or improve, slightly higher than the 22.
6% of respondents in the previous quarter's survey

“It is predicted that the plastics industry will experience the worst impact of the Covid-19 pandemic in the second quarter

Pineda said that as economic conditions continue to improve, there are reasons to be optimistic about plastic equipment suppliers and manufacturers serving consumer end markets

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