A new industry report in the Quest Trend Magazine compares the export markets for rubber and plastics machinery with those of mechanical engineering and shows the comparatively stronger focus on growth markets.
Only 37% of the industry's exports go to the low-growing EU, while the share for the machinery industry is 49%. The BRIC countries and the MIST countries (Mexico, Indonesia, South Korea and Turkey) each have higher export shares of rubber and plastics machinery than the average for the machinery industry.
The concentration on a few export countries for rubber and plastics machinery is also less pronounced than in the German machinery industry as a whole.
However, this stronger growth orientation was more pronounced after the global economic crisis and has been weakening since then. A further new industry report shows that the export markets for rubber and plastics machinery have been back on track since 2016 as before the global economic crisis of 2008/2009.
The focus on growth-intensive China has weakened in favor of the USA, the export share to the EU is even higher than before the crisis and exports to the partially strongly growing MIST countries were higher in 2011 than in 2017.