Plastics industry chiefs are less confident about market conditions for 2012 than in recent years, according to a survey.
Some 56% of respondents to a British Plastic Federation survey forecast an increase in UK sales turnover, compared to 66% in June 2011.
BPF director general, Peter Davis, said “The Plastics Industry is optimistic about 2012, but confidence is a little reduced compared to previous surveys. Not surprising with the continuing Eurozone turmoil and poor consumer demand.”
Other findings from the British Plastic Federation’s January business conditions survey included:
- 31% of respondents expected no growth in UK sales turnover while 5.5% expected a decrease.
- The most positive sectors were: Moulders; Polymer Distributors and Compounders and Recyclers who spoke of expanding markets; new business; recovery in the Automotive sector.
- 52% of respondents expected export sales to remain the same in 2012 compared to 39% in our survey a year ago. Eurozone turmoil has undoubtedly affected confidence in western Europe the top export market, respondents said.