2008 US Packaging Equipment Exports Up 9.5%
ARLINGTON, VA, Mar 16, 2009 -- PMMI on Monday reported United States exports of packaging machinery from January to December 2008 were up 9.5% from the same period in 2007, totaling US $950 million. The data, based on the U.S. Census estimates, also showed U.S. imports reached US $2 billion, a slight increase of 0.27 percent.
Double-digit growth for exports to specific emerging markets is indicative of consumer packaged goods companies expanding operations into China (+38.29%), India (+44.81%) and Latin American countries including Mexico (+24%), Brazil (+19%) and Venezuela (+25%).
"The year-end numbers confirm U.S. packaging machinery manufacturers delivered despite rapidly changing global economic conditions," said Charles D. Yuska, president and CEO, PMMI.