US packaging trade association PMMI says local exports of packaging machinery from January to December 2008 were up 9.5 per cent from the same period in 2007, totaling US $950 million.
The data, based on the US Census estimates, also showed US imports reached US $2 billion, a slight increase of 0.27 per cent.
Double-digit growth for exports to specific emerging markets is indicative of consumer packaged goods companies expanding operations into China (+38.29 per cent), India (+44.81 per cent) and Latin American countries including Mexico (+24 per cent), Brazil (+19 per cent) and Venezuela (+25 per cent).
“The year-end numbers confirm US packaging machinery manufacturers delivered despite rapidly changing global economic conditions,” says Charles D. Yuska, president and CEO, PMMI.
“PMMI members are not only bringing reliable, quality machinery to the market — they are delivering innovative, cost-effective packaging solutions to meet customer needs on a global scale.”
Recognised for the strong value propositions they deliver in the areas of reliability, flexibility, productivity and sustainability, North American packaging manufacturers play an important role in the process of opening new manufacturing facilities.
From January to December 2008 US exports to Mexico reached $121 million, according to US Census data reports.
The increased demand for packaging equipment indicates production of pharmaceutical, food and beverage products in Mexico are poised to maintain growth.
For example: Mexico is the largest producer of pharmaceuticals in Latin America and the ninth-largest producer worldwide.
Mexico is the second largest market for soft drink products and the third largest beer producer in the world. CANAINCA predicts 4-5 per cent growth in the Mexican processed food market for 2008 and 2009. (Source: www.expopack.com.mx)
"Despite current economic trends, the processed food industry is projected to show continued growth in 2009," says Jose Martinez, director, Latin America Office, PMMI.
“Mexico continues to be an attractive market for the global packaging industry,” Martinez adds. “As the market grows and packaging needs evolve, PMMI’s EXPO PACK México has become the leading venue for Latin American buyers to find packaging solutions. We are looking forward to another successful event in June.”
EXPO PACK México and the co-located PROCESA are recognized internationally as the most comprehensive packaging and processing machinery and materials trade show in Latin America.
More than 30,000 packaging professionals from 39 countries representing a wide range of industries are expected to be at EXPO PACK México (Centro Banamex, Mexico City, Mexico; June 23—26, 2009).
About PMMI
PMMI is a trade association with more than 550 member companies that manufacture packaging and packaging-related converting machinery, commercially-available packaging machinery components, containers and materials in the United States and Canada.
PMMI’s vision is to be the leading global resource for packaging, and its mission is to improve and promote members’ abilities to succeed in a global marketplace.
PMMI organises the PACK EXPO trade shows: PACK EXPO International, PACK EXPO Las Vegas and EXPO PACK México. Learn more about PMMI at pmmi.org.
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