Page 29 - Plastics News March 2018
P. 29
FeAtures
Injection Moulding Machinery Market Overview
The United States was the biggest market for injection machinery which imported almost 45% more
molding machine in terms of value than China which was the second largest importer.
njection moulding machine is used to produce a variety of The United States was the largest importer of
Imulti-dimensional and complex products with plastics and injection machinery. It imported injection processing
other raw materials. Plastics polymers are most commonly machine worth of US$858.9 mn. The second largest
used raw material by injection moulding machines. In the importer was China which imported molding machine worth
plastics processing industry, injection molding machinery of US$590.6mn followed by Mexico (US$573mn), Germany
occupies the major share of the plastic molding market. (US$292.8mn), Vietnam (US$283.2mn) and others.United
Global trade for injection moulding machine remains States is the largest importer of Injection Molding Machine
unstable in 2016 due to a number of factors. The major globally in 2016
issues affecting the market were fluctuation in currency The United States was the biggest market for injection
exchange rate of developing countries and political issues machinery which imported almost 45% more molding
such as Brexit and US presidential elections. machine in terms of value than China which was the second
The pressure on the injection moulding machinery market largest importer. As per geographical segmentation among
was also felt because of slowing growth of China and some top 15 machine importers, Europe imported almost 47% of
of the developing economies.Overall the plastic injection all machinery followed by Asia (40 %) and then the North
molding machine market ended with the positive tone with American market (13%) in terms of value.As per analysis
recovery showing in the second half of 2016. The growth the share of top 15 countries importing the machinery was
in demand of plastic injection molding machinery was from 67% which rest of the countries occupied a share of 13%.
automobile and packaging industry backed by positive United States IMM Import & Comparative
growth trend from manufacturing industry in developed Advantage
countries.
The United States was the largest market for the imported
Trade Flow of Injection Moulding Machine molding machine. Being the largest market most of the
The export of the machine is increasing from past five leading injection machinery manufacturer exported
years (2012 -2016) in terms of value. The export growth machine to the United States. The leading exporter of
rate of injection molding processing machinery for the plastic injection moulding machine to the United States
period was 3.5%. While the import of injection moulding was Japan in 2016. It exported injection machine worth
machinery showed a fluctuating trend.In 2016 the demand of US$242.5 mn followed by Germany (US$186 mn), China
for importing injection machinery decreased to US$ 5.863bn (US$116.4), Austria ($US109.5 mn) and others. The growth
from US$5.985bn. The import growth of injection machine in import of machine is primarily driven by demand in the
was showed a negative trend in 2016 from 2015 and the automotive sector.
growth rate was -2.03%. The demand for importing the The United States is the leading country housing major
machines declined in 2016 because of lackluster demand automotive manufacturer across the globe. Due to trend
in China and other developing countries. shift is producing innovative and aesthetically improved
In 2016 the Chinese economic activity was slow and with products is increasing the demand for exterior and interior
falling commodity prices in developing countries along with automotive products Austria has the most advantage in
fluctuating foreign exchange rate impacted the imported exporting Injection Molding Machine to the US market
growth of plastic injection molding machine.The import of Though the United States is the largest imported injection
IMM stood at US$5.864bn in 2016. The import of injection machinery market but is a very competitive market. So it
machine decreased slightly from 2015 in which the value is not always an attractive market for injection moulding
of import was US$5.985bn. The downfall in import was machinery manufacturer from different countries to target
attributed to decrease in demand from China and other the United States market.The comparative advantage of
developing countries. exporting injection moulding machine to the United States
29 March 2018 Plastics News