DÜSSELDORF, GERMANY—The Plastics Industry Association (PLASTICS) released its annual Global Trends report today during an executive briefing at the K Show in Düsseldorf, Germany—the world’s largest plastics trade show.
“Inflation was a big factor in the increases in the dollar value of exports and imports of plastics trade,” said Perc Pineda, Ph.D. Chief Economist at PLASTICS. “While this year’s merchandise trade outlook could miss the forecast, as the global economic growth slowed, the world is still the market for the plastics industry.”
Among the highlights found in the Global Trends report:
Interested parties throughout the globe will find the Global Trends report and its accompanying dataset provide a comprehensive account of U.S. plastics exports and imports worldwide in each of the four categories of the plastics industry – resin, products, machinery and molds. The report is also the only plastics trade report that includes contained trade analysis outlining the movement of resins and plastics that are embedded in goods that the U.S. both exports and imports.
“Risks on plastics trade remain in the forecast for 2023, but for the U.S. plastics industry, international trade remains a component of its overall growth strategy in 2022 and beyond,” said Pineda. “The U.S. ranks second in PLASTICS Global Plastics Ranking™.”
“The fact that our Global Trends report anticipates positive results for our industry, despite a widened trade deficit, speaks to the importance of plastics to the world we live in,” said Matt Seaholm, President and CEO of PLASTICS. “Our members stand ready to provide the materials that improve lives throughout the world and that are essential to creating the circular economy we all strive to achieve.”
An executive summary of PLASTICS’ Global Trends report is available online at:
Since 1937, PLASTICS has been working to make its members and the industry more globally competitive while advancing recycling and sustainability. To learn more about PLASTICS educational initiatives, the $468 billion dollar plastics industry, sustainability insights and events, networking opportunities and policy advocacy, and the largest plastics trade show in the Americas, NPE: The Plastics Show, visit plasticsindustry.org or go to This Is PLASTICS.