Germany forecast a slowdown in the global model market
Germany forecast a slowdown in the global model market
German plastic machinery makers have lowered their sales growth forecasts for 2016. In Frankfurt, Germany VDMA association annual meeting, plastics and rubber machinery manufacturers association President Ulrich Reifenhauser predict plastic machinery industry in 2016 and 2017, the growth rate of about 2%, according to this calculation, with annual sales of about 7.2 billion to 7.3 billion euros. This figure is considerably lower than the 5% increase in 2015 from the association's forecast in October 2015. The final real increase was 4.7 per cent in 2015, a new high of 7.2 billion euros, compared with a negative 1.1 per cent in 2014. VDMA research report published in the autumn of 2015 when predicted in 2016 and 2017, the global plastics and rubber machinery industry annual growth rate of 3.2%, but at the same time to predict Germany the industry's overall growth in 2016 will be zero. The June 2016 forecast was based on stable demand in Western Europe and the United States, but Russia's actual sales have reached a relatively low point. But these forecasts will also be offset by "slower growth and weak growth" in developing countries. Many developing countries have "internal problems" and new opportunities arise in India, which will also have opportunities as the international community ends sanctions against Iran. The forecast also considered a 4 per cent increase in overall orders from January to April this year compared with the same period in 2015. German orders rose 7 per cent and export orders rose 4 per cent, while eurozone orders rose 39 per cent. The core machinery grew by 1.6 per cent (46.8 billion euros) and imports remained unchanged at 1.08 billion euros, mainly from Austria and Switzerland. The two countries are now experiencing a slight dip after benefiting from growth in Germany's domestic economy in 2014. China continues to lead Germany in terms of gross plastic machinery, accounting for 32.5 per cent of global gross domestic product of 339 billion euros (33.4 per cent below the previous year), while Germany has 20.7 per cent (up from 20.5 per cent in the previous year). The two countries have far more output than the rest of the world: Italy (7.8%), America (7.2%) and Japan (4.5%). In terms of global exports, Germany has maintained its lead, accounting for 22.2 percent of the world's total exports of 21.1 billion euros, but down from 23.7 percent in 2014. China's export share rose from 12.8% to 15%. China's export share is low because its huge domestic market absorbs most of its products. But the gap between exports and Germany has narrowed in recent years (2011:10.3%). Italy, the United States and Japan are still lagging behind, with a smaller change of 9.1%, 6% and 9% in 2015. The United States is the largest destination for German exports of machinery, rising 15.3 percent to 719 million euros in the context of "industrial regressions and oil and gas utilization" in the United States. China was the second-largest destination, but exports fell 19.3 percent to 653 million euros. And since 2008 China has ceded its position as the largest importer of plastic machinery to the United States. The value of injection molding machinery declined slightly in 2013, but it increased by 9% in 2014, and in 2015, it was better. The increase reached 14.6%, or 1.04 billion euros, while exports increased by 6.9% to 839 million euros. The value of extruded machinery grew by 9.4 per cent to 1.1 billion euros, while exports in 2015 were 768 million euros, up 25.6 per cent. The value of the machine was unchanged at 437 million euros, but vacuum and other thermoplastic machinery rose 18.6 percent to 270 million euros, while exports rose 23 percent to 197 million euros.
