2008 U.S. packaging machinery shipments down 0.4%

The good news was that exports of packaging machinery grew 8.6% last year. However, that was tempered by a 2.5% drop in domestic shipments, according to PMMI, the packaging and processing machinery trade organization.

The PMMI’s state-of-the-industry Shipments & Outlooks report released in September is based on data supplied by PMMI member companies and other industry sources.

Total U.S. shipments of packaging machinery decreased by 0.4%, to $5.89 billion in machines sold in 2008.

The decrease was the first in seven years. Domestic shipments of packaging machinery dipped 2.5% to $4.68 billion, and exports grew 8.6% to $1.2 billion. Imports also increased slightly, up 1.2%, with $1.7 billion shipped into the United States.

Demand for packaging machinery was down in 2008, with domestic shipments and imports totaling $6.42 billion, 1.2% less than 2007.

“Given the state of the economy, it should be no surprise that shipments were down in 2008,” says Charles Yuska, PMMI’s president and CEO. “However, the decrease in domestic shipping was offset by a continued strength in exports, as member companies took their products overseas to benefit from favorable exchange rates.”

The study showed growth for the year in seven of 18 categories.

The Executive Summary of PMMI’s Shipments & Outlook Study is available at PMMI.org. For further information or a copy of the complete study, contact Paula Feldman, PMMI: pfeldman@pmmi.org or 703-243-8555.


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