{"id":9593,"date":"2021-09-14T08:13:59","date_gmt":"2021-09-14T08:13:59","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=9593"},"modified":"2021-09-14T08:13:59","modified_gmt":"2021-09-14T08:13:59","slug":"plastic-shipments-slow","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/plastic-shipments-slow\/","title":{"rendered":"Plastic Shipments Slow"},"content":{"rendered":"

The Plastics Industry Association (PLASTICS) has reported that shipments of primary plastics machinery (injection molding and extrusion) in North America decreased for the second consecutive quarter according to the statistics compiled and reported by PLASTICS\u2019\u00a0Committee on Equipment Statistics (CES).<\/p>\n

The preliminary estimate of shipment value from reporting companies totaled $320.9 million in Second Quarter 2021. It decreased by 4.2% following the 11.1% decrease in First Quarter 2021. Compared to Second Quarter 2020, however, plastics machinery shipments rose by 21.2%. The value of shipments of single-screw extruders increased significantly by 33.1% from the First Quarter 2021, but twin-screw extruders and injection molding shipments fell by 24.9% and 4.9%, respectively. Compared to Second Quarter 2020, shipments of injection molding, single- and twin-screw extruders were 19.5%, 37.8%. and 32.3% higher, respectively.<\/p>\n

\u201cWhile new orders of plastics equipment have been increasing, ongoing supply chain issues\u2013-shortage of parts and components–\u2013are causing longer order-to-delivery timelines. This explains the decrease in shipments in the second quarter. For the third consecutive quarter, plastics equipment shipments were higher from a year earlier. This means that the underlying trend in plastics equipment demand remains upward sloping \u2013 still in sync with the robust economic recovery,\u201d said Perc Pineda, PhD, Chief Economist of PLASTICS.<\/p>\n

Market sentiment<\/strong><\/p>\n

PLASTIC\u2019s CES also conducts a quarterly survey of plastics machinery suppliers that asks about present market conditions and expectations for the future. In the Second Quarter 2021 survey, 92.7% of respondents expect market conditions to either improve or hold steady in the coming quarter \u2013 marginally lower than the 93.5% of respondents who expressed the same view in First Quarter 2021\u2019s survey. As for the next 12 months, 78.7% expect market conditions to be steady-to-better. This is lower than the 93.0% of respondents in the previous quarter\u2019s survey who were expecting growth in the next 12 months.<\/p>\n

\"\"

While new orders of plastics equipment have been increasing, ongoing supply chain issues\u2014shortage of parts and components\u2014are causing longer order-to-delivery timelines.<\/p><\/div>\n

Trade outlook<\/strong><\/p>\n

Second Quarter 2021 plastics machinery total exports decreased by 6.9% to $367.6 million from First Quarter 2021. Mexico and Canada remained the top export markets of plastics machinery from the U.S. The combined exports to USMCA partners in Second Quarter 2021 totaled $177.2 million, which was 48.2% of total exports of plastics machinery. Imports rose by 3.5% to $874.0 million resulting in a $506.8 million trade deficit. The U.S. plastics machinery trade deficit increased by 12.6% in Second Quarter 2021.<\/p>\n

The volume of merchandise trade is expected to increase this year as global economic conditions improve. The World Trade Organization expects to see an 8.4% increase in global merchandise trade this year.<\/p>\n

\u201cUntil the supply chain issues are resolved, and production lead times return to normal, expect to see fluctuations in quarterly shipments of plastics machinery. Nevertheless, the outlook for plastics machinery in the second half of the year is positive,\u201d said Pineda.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Plastics Industry Association (PLASTICS) has reported that shipments of primary plastics machinery (injection molding and extrusion) in North America decreased for the second consecutive quarter according to the statistics compiled and reported by PLASTICS\u2019\u00a0Committee on Equipment Statistics (CES). The preliminary estimate of shipment value from reporting companies totaled $320.9 million in Second Quarter 2021…. Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":9594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[6421,4340,6419,6420,6418,41,6422,6424,6423],"class_list":["post-9593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-industrial-plastics","tag-injection-molding","tag-injection-molding-and-extrusion","tag-molding","tag-plastic","tag-plastics","tag-plastics-machinery","tag-primary-plastics","tag-primary-plastics-machinery"],"acf":[],"yoast_head":"\nPlastic Shipments Slow - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/plastic-shipments-slow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plastic Shipments Slow - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"The Plastics Industry Association (PLASTICS) has reported that shipments of primary plastics machinery (injection molding and extrusion) in North America decreased for the second consecutive quarter according to the statistics compiled and reported by PLASTICS\u2019\u00a0Committee on Equipment Statistics (CES). The preliminary estimate of shipment value from reporting companies totaled $320.9 million in Second Quarter 2021.... 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