• News
  • eNews
  • Connections
  • Specials
  • Videos
  • Events
  • Event Calendar
Q1 order intake for German plastics machinery industry fell 27%
Source:Adsale Plastics Network     Editor:VC    Date:17.May.2022

Order intake in the German plastics and rubber machinery industry in the first quarter of 2022 fell significantly compared to the same period last year (-27%), according to VDMA. In the same period, turnover grew by only 3% compared to the previous-year period.

 

Shortage of materials slows down production

 

On the one hand, this was down to a base effect, as the first quarter of last year was exceptionally good due to high demand in the packaging and medical sectors, and the other factor at play is that it is becoming increasingly difficult for companies to quickly process the high number of pre-orders and convert them into sales.

 

“First and foremost, there is the poor availability of materials,” explains Thorsten Kühmann, Managing Director of the VDMA Plastics and Rubber Machinery Association.


Thorsten.jpg

Thorsten Kühmann, Managing Director of the VDMA Plastics and Rubber Machinery Association.

 

In addition, as a result of the Ukraine war and the strict zero-COVID policy in China, many factors such as logistics problems and greater uncertainty in the market are having a negative impact on business.

 

2022 forecast readjusted to 0-2% growth

 

Consequently, the trade association will no longer adhere to its original forecast of the beginning of 2022, when a growth figure of 5-10% still seemed realistic for the current year.

 

“Due to the ongoing developments on the procurement market, we only expect a sideways movement or, in the best case, a slight increase in turnover for 2022 – despite full order books. We expect a development of 0-2%," describes Kühmann.


Like

0

Tags

Leave A Comment

Submit

All Comments

Articles You'll Like