The Italian plastics and rubber machinery industry is on track to deliver record sales of $5.2 billion (€4.8 billion) in 2023, according to trade association Amaplast.
Citing preliminary estimates by the Amaplast-MECS Statistical Study Center, Amaplast said sales will be up by more than 3 percent compared with the approximate $5 billion reported the previous year
The gains are mainly due to a positive trend in exports, which said the trade association had "improved progressively" over the first nine months of this year.
At an estimated $3.6 billion, and accounting for more than 70 percent of production, exports are estimated to come in 5 percent higher than the year before, with a modest rise in imports also forecast.
The robust growth in exports was characterized by "a positive trend" in all main machinery types for primary processing, noted Amaplast.
This, it said, included molds with a 24 percent market-share and 14 percent year-on-year growth for the nine months to Sept. 30.
Next came extruders with a 12 percent share and 22-percent growth, injection molding machines with a 5 percent share and 2 percent growth and blow molding machines with a 4 percent share and 17 percent growth.
Over the first three quarter of 2023, Europe confirmed its status as primary destination for Italian polymer processing machinery, with an overall share of 56 percent.