Packaging firms keep the world turning
NewsThe industrial packaging industry was quick to rise to the challenges faced during the COVID-19 lockdowns.
EU imports mixed
StandardAccording to the most recent available data, imports of FIBCs into the EU in the first half of 2016 showed a decline in value of almost 2.5%, while volume grew by almost 7% compared with the same period in 2015.
The European FIBC Association (EFIBCA) says the gap can be explained by the drop in raw materials prices at the beginning of 2016, and the relatively strong euro against the currencies of the largest FIBC exporters to Europe during
the period.
The top five importers maintained their rankings, although Thailand, with an impressive 45% growth, claimed the number six spot from Vietnam for its volume of exports. India and Bangladesh continued to grow their market share, while Turkey’s continued to decline, albeit by less than in the previous year. Interestingly, Bangladesh’s growth rate (by volume) has cooled off markedly. In 2015, the country’s exports grew by 25% for the year, compared with a mere 2% in the first half of 2016.
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