Michael Taylor, senior director, International Affairs and Trade, for the Society of the Plastics Industry (SPI) evaluated the BRIC region for growth opportunities for the U.S. plastics industry and for moldmakers in particular. He will present his findings in a DME Company-sponsored webinar on August 26 at 2pm EST.
Much attention is given the so-called BRIC countries of Brazil, Russia, India and China. In 2012, China and Brazil were among the top ten export markets for the U.S, plastics industry with $4.8 billion and more than $2 billion in total exports. While China has remained the third largest export market destination for some time, Brazil took over the fifth place spot from Japan during 2011. After 18 years, Russia's accession to the World Trade Organization is predicted to result in a doubling of U.S. total exports there. In India the plastics industry is poised to benefit from increasing per capita income, rising consumerism and modernization. Estimates are the demand for polymers will jump to 16.5 million tons by 2016-17 from 11 million tons during 2012-13, resulting in consumption rising by 10.8% compound annual growth rate. In addition, India is expected to be among top 10 packaging consumers in the world by 2016 with demand set to reach $20.8 billion.
In this quarterly webinar series, you will learn about export markets specifically attractive to U.S. mold manufacturers, and how to size up these market opportunities comparatively. Each webinar will focus on a geographic region or grouping of top export markets. Participate in all four webinars and you will have an excellent strategic vision of what foreign markets you should explore to grow your sales beyond the domestic U.S. market including:
• Trade policy updates
• Top export growth markets
• Exporting basics and developing an exporting strategy
• Costs associated with exporting