VDMA: Record Exports Followed by Sharp Decline
More than one third of Germany’s total exports of plastics and rubber machinery were supplied to Asia in 2009. “Asia’s share of the total increased from 29.1 to 36.5%”, reported VDMA Association (German Engineering Federation) chairman Ulrich Reifenhäuser. In terms of volume, however, exports to Asia fell by 17.2%. The individual regions of Asia showed different trends. "With growth of 19.6%, exports to Central and South Asia were the only real bright spot on the entire export horizon," added Ulrich Reifenhäuser. Deliveries to South East Asia were only slightly lower than 2008, recording a drop of 3.6%. Those to the Near and Middle East fell by 21.4%, while East Asia was down by as much as 26.2%.
German exports of plastics and rubber machinery fell by 33.9% in 2009. Federal Statistical Office figures show that they amounted to 2,637 million EUR. The previous year they had risen by 4.6% to a record total of 3,989 million EUR.
The collapse affected the major sales regions and all important markets to much the same extent. In Central America (down 20.6%) the decline was less marked than in the 27 EU countries (down 44.0%), the rest of Europe (down 41.5%), North America (down 38.7%) or South America (down 39.5%).
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