Wednesday, October 12, 2016

Italian Plastics Market Strengthens Its Position

According to an analysis performed by the Italian trade group Assocomaplast, imports of machinery to Italy in the first half of 2016 indicated a strengthening in the Italian plastics market. Even if the trend in exports has been “much less impressive” in 2016, there are bright spots in regional markets for Italy’s machinery exporters.

Official ISTAT foreign trade data showed that imports were nearly 390 million euros in this period, which is a 9.7% increase comparing to the same period in 2015. In this context, Assocomaplast affirmed: “This would seem to reaffirm the signs of recovery in the domestic market that had shown up on the radar last year”.


Also, Assocomaplast President, Alessandro Grassi said that particular increases were seen in sales to the NAFTA (North American Free Trade Agreement) countries. Specifically, there was a strong increase in exports to Mexico, as exports of injection molding machines to Mexico increased by 10.2% in the first half of 2016.

The group equally pointed out that:

- sales of flexographic printers to all export destinations increased by 19.4% in the recent half-year, with major orders from the US.

extrusion machine exports rose by 1.9% and showed “a clear increase in sales” to Mexico and to France.

- in the same period, Italian machinery exports improved to China, India, South Korea and Vietnam. Sales in Iran also increased following the end of economic sanctions.

- in terms of imports to Italy, the data showed the biggest increase in molds, mainly from Germany. An increase was also seen in injection molding machines, particularly from Austrian and German manufacturers.


Source:
http://www.plasticsnews.com/article/20160927/NEWS/309289999/machinery-imports-to-italy-up-in-advance-of-k-2016 

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