European machinery output flat

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The production value of Europe’s plastics and rubber machinery is expected to be flat in 2022.

Euromap, the umbrella body that represents manufacturers, estimates a value of €15 billion

(US$15bn) – the same as it was in 2021. However, the value of China-made machinery is also set to reach €15bn this year – a 10% growth compared to 2021. At the same time, the world market value is static at €40bn (US$40bn).

Europe now has a 40% share of the €38.6bn (US$38.6bn) world market for plastics and rubber machinery, while China’s share is 35%. Europe also accounts for nearly 47% of all exports, while China’s share is just under 24%. The total export market is worth nearly €24bn (US$24bn), according to Euromap.

“Although the order situation is restrained, the European plastics and rubber machinery industry does not have a structural problem,” said Euromap.

“However, like the plastics industry as a whole, it faces a variety of challenges.”

Above: European machinery companies – many of them at K2022 – expect flat sales overall this year

It adds that there are positive signs of growth for plastics, such as an estimated 21% growth in global plastics consumption between 2021 and 2026– when it will exceed 400 million tonnes.

Regarding problems in machinery companies’ supply chains, Michael Baumeister, vice president of Euromap, said major engineering companies expect the shortage of electronics components to start easing in mid-2023.

However, he said this is anecdotal – and noted that there is a large production backlog to work through.