perc pineda, phd chief economist ppineda@plasticsindustry ... · $87 b. plastics machinery and...
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Perc Pineda, PhDChief Economist
ppineda@plasticsindustry.org@PercPineda
From Petrochemicals to Plastics Manufacturing
One industry that makes a positive impact
Source: © PLASTICS Size and Impact 2016
2016: Plastics Employment in Appalachia Region
Source: © PLASTICS Size and Impact 2016
Plastics materials and resins
$87 B
Plastics machinery
and equipment
$3.5 B
Plastics molds$6.3 B
Plastics products$193.5 B
Plastics Industry 2017 Production ($ 2012)
Source: PLASTICS analysis of U.S. Census data
End Markets and Trade Outlook
0% 20% 40% 60% 80%
Automotive & Transportation
Building & Construction
Consumer Products & Appliances
Electronics & Telecommunications
Electrical & Industrial
Agricultural
Packaging
End Markets Growth Outlook (6 to 12 months)
Decline No Change Growth
United States
Canada
Asia
Europe
Latin America
Mexico
Middle East
Africa
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Trade Outlook (next 6 to 12 months)
Decline No Change Growth
Source: ©PLASTICS
Plastics Shipments and Retail Sales
R² = 0.94
6
8
10
12
14
16
18
150 250 350 450 550
Pla
stic
s S
hipm
ents
$ B
illio
n
Retail and Foods Services Sales $ Billion
Plastics Shipments and Retail and Food Services
11,000
13,000
15,000
17,000
19,000
21,000
23,000
25,000
$ M
illio
ns
Value of Manufacturers' Shipments: Plastics and Rubber Products (Monthly SA)
Historical Forecast Lower bound Upper bound
Source: PLASTICS analysis of U.S. Census data
Industrial Production Index
84
88
92
96
100
104
108
112
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Industrial ProductionTrend
Ind
ex, 2
01
2=
10
0
-8
-6
-4
-2
0
2
4
6
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Industrial Production - Cycle
Std
. D
ev.
Source: PLASTICS analysis of data from the Board of Governors of the Federal Reserve System
Industrial Production Trends
60
70
80
90
100
110
120
130
Inde
x, 2
012=
100
Industrial Production: Plastics Products
Plastics Plastics - Trend
60
70
80
90
100
110
120
130
Inde
x, 2
012=
100
Industrial Production: Plastics Materials and Resins
Plastics Materials and Resins
Plastics Materials and Resin - Trend
Source: PLASTICS analysis of data from the Board of Governors of the Federal Reserve System
Plastics Industry Global Trade
Resins $30.9Products
$24.5
Machinery$1.4 Molds $0.6
Exports – 2016 ($ Billions)
Resins$14.2
Products$33.4
Machinery$3.0
Molds$1.8
Imports – 2016 ($ Billions)
Source: © PLASTICS Global Trends Report 2017)
$57.3B $52.2B
U.S. Top Plastics Resin Export Markets
2016 ($ Billions)
Mexico 7.16
Canada 5.17
China 3.46
Belgium 1.84
Brazil 1.18
Others 12.05
Total $30.85
Mexico23.2%
Canada16.7%
China11.2%
Belgium6.0%
Brazil3.8%
Others39.1%
Share of Top Exports Markets
Source: © PLASTICS Global Trends 2017
NAFTA Plastics Trade
15.4
11.8
0
2
4
6
8
10
12
14
16
18
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
$ B
illion
s
U.S. Plastics Industry Exports
Mexico Canada
11.7
4.8
0
2
4
6
8
10
12
14
16
18
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
$ B
illion
s
U.S. Plastics Industry Imports
Canada Mexico
Source: © PLASTICS Global Trends 2017
U.S. – China Plastics Trade
0
2
4
6
8
10
12
14
16
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
$ B
illion
s
Plastics Industry Imports from China
0
2
4
6
8
10
12
14
16
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
$ B
illion
Plastics Industry Exports to China
Source: ©PLASTICS Global Trends Report 2017
Tariffs
0 10 20 30 40 50 60
Australia
U.S.
Japan
Canada
EU
China
India
Brazil
South Korea
Applied Tariff Rates (%)
Manufacturing tariffs Agriculture tariffs All tariffs
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