perc pineda, phd chief economist ppineda@plasticsindustry ... · $87 b. plastics machinery and...

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Perc Pineda, PhD Chief Economist [email protected] @PercPineda

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Page 1: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

Perc Pineda, PhDChief Economist

[email protected]@PercPineda

Page 2: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

From Petrochemicals to Plastics Manufacturing

Page 3: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

One industry that makes a positive impact

Source: © PLASTICS Size and Impact 2016

Page 4: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

2016: Plastics Employment in Appalachia Region

Source: © PLASTICS Size and Impact 2016

Page 5: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 6: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 7: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 8: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 9: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 10: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 11: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 12: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 13: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 14: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

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

Page 15: Perc Pineda, PhD Chief Economist ppineda@plasticsindustry ... · $87 B. Plastics machinery and equipment. $3.5 B. Plastics molds. $6.3 B. Plastics products. $193.5 B. Plastics Industry

Visit: ThisIsPlastics.comhttps://youtu.be/L6_Zxj1U-GA