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Affected by the new crown epidemic, the shipment value of US plastic machines in the first quarter fell by 19.6% year-on-year

 Last Update: 2022-08-23
 Source: Internet
 Author: User

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Shipments of major North American plastics machinery (injection and extrusion) declined in the first quarter, according to statistics compiled by the Equipment Statistics Council (CES) of the American Plastics Industry Association

Chart of U.
S.
plastic machine shipments from Q1 2018 to Q1 2020

The shipment value of plastic machines decreased by 19.
6% year-on-year, and the shipment of single-screw extruders increased by 15.
5%

The initial estimate of the shipment value for the first quarter of 2020 was US$254 million, a year-on-year decrease of 19.
6% and a quarter-on-quarter increase of 7.
7% (compared to the fourth quarter of last year)

Shipments of single-screw extruders increased by 15.
5%, while shipments of twin-screw extruders edged down by 0.
8%, despite the decline in overall shipment value

Compared with the first quarter of 2019, the shipment value of single-screw extruders and twin-screw extruders increased significantly by 34.
9% and 19.
3%, respectively

“Due to the shutdown of some plants in March due to the impact of the new crown epidemic, we had expected that shipments of presses would decline in the first quarter

22.
6% expect market conditions to stabilize and improve in the next 12 months

CES also conducts a quarterly survey of plastic machinery suppliers to understand current market conditions and future expectations

As for the next 12 months, 22.
6% expect market conditions to stabilize and improve, compared with 73.
5% in the last quarterly survey

“The Covid-19 pandemic continues to disrupt the manufacturing and service sectors, both of which are affected by the plastics industry
.
However, demand for plastics remains healthy, especially in medical and consumer staples, and the slowdown is only temporary
.
” Pineda added
.

Exports to Mexico and Canada account for 42.
8% of total exports

In terms of imports and exports, the total value of plastic machinery exports in the first quarter of 2020 was US$358.
5 million, a month-on-month increase of 1.
6%
.
The total value of imports was US$746.
3 million, up 0.
5% month-on-month, and the trade deficit was US$387.
8 million, down 0.
6% month-on-month
.

The United States continues to rely on Mexico and Canada as its first and second largest export markets for plastic machinery
.
According to the U.
S.
-Mexico-Canada Agreement, U.
S.
exports to its trading partners totaled $153.
4 million, accounting for 42.
8% of U.
S.
plastic machinery exports
.

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