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China’s plastics machinery sector dominates in Iran

PLASTICS NEWS EUROPE

China's plastics machinery sector dominates among global suppliers in Iran, according to a recent report by German plastics and rubber machinery trade group VDMA.

China supplied 63.5 percent, or $174.5 million (1.17 billion Chinese yuan), of the $273.4 million (1.84 billion Chinese yuan) worth of plastics and rubber machinery imported by Iran in 2016.

Germany was the second-largest supplier, but it was a distant second, shipping $23.6 million (158.9 million Chinese yuan) of such equipment to Iran last year, for an 8.6 percent share, VDMA said. That represented a 14.1 percent increase over 2015 shipments.

The German association released the figures ahead of the Iran Plast 2017 show, to be held Sept. 24-27 in Tehran. The country is emerging from years of punishing economic sanctions surrounding its nuclear program, spurring interest among global suppliers.

While Germany trails China, VDMA noted that exports to the country are up substantially in the first five months of 2017.

Germany shipped $24.4 million (164.3 million Chinese yuan) worth of plastics and rubber machinery to Iran from January to May, equaling all of last year and a 476.5 percent increase compared to the same period in 2016.

A decade ago, Germany supplied half of the imported plastics and rubber machines in Iran, VDMA said, but the nuclear sanctions cut that to virtually zero.

VDMA said worldwide exports of plastics and rubber machines to Iran rose 14.8 percent in 2016, compared to 2015.

Italy was the third-largest exporter to Iran last year, with an 8.5 percent share, roughly equal to Germany. Turkey ranked fourth, with a 4.7 percent market share, followed by South Korea, with 3 percent.

Rounding out the top 10 were Austria, Taiwan, France, India and Japan, VDMA said.

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