German Plastic Industry Exceeded All Expectations In 2017
For more than three years, there is only one direction in the plastic industry of the German speaking countries - continue to move forward and continue this trend in the second half of 2017. Compared with the first half of the year, most plastics industry companies have further improved their performance, and motor and investment are running at full speed. At the end of the boom, we can't see the end of the boom.
The results were based on the industry analysts' KI (plastic information) survey of the plastic boom of the 527 exhibitors in the second half of 2017. Since 2001, KI has been investigating business development and expectations, investment and employment for executives in the plastic industry every six months.
Compared with the first half of 2017, 53% of the companies surveyed have increased their performance. Only 40% of the companies in the middle of the year expected their performance to increase. In the second half of the year, only 9% of the company's business fell.
Expectation and development "yellow for KI development index, black for KI expectation index
During the survey, 44% of all the companies surveyed employed additional employees and only 8% of the employees were laid off. Since 2012, the employment motor in the plastic industry has been running at full speed. The shortage of skilled workers is a shortfall in 2017. More than 50% of the companies face challenges, but at the same time, confidence in further growth remains unchanged. Since the start of the survey in 2001, 46% of the companies are hoping to increase their investment in 2018 and 51% in capacity expansion - the two figures have set a new high.
The biggest challenge in 2018 is still material costs, followed by sales prices, talent recruitment and supply capabilities of upstream suppliers. In the past, more related personnel and energy costs were generally only minor. The industry is completely relaxed in terms of sales and the impact of the exchange rate on the euro.
Since 2014, the National Plastics Industry in German has been rising, and the industry has made historical records. At present, it seems to be unable to see the end.