Brazil’s plastic processing sector up 8.7% in 2007

11 March 2008 03:59  [Source: ICIS news]

HOUSTON (ICIS news)--Brazil’s plastics processing sector grew 8.7% in 2007 invoicing $18.6bn, the Brazilian union for the plastic industry (SIRESP) said on Monday.

However, the same figure expressed in Brazilian reais (R) denoted a 2.75% reduction for the year at R36.46bn, according to data from the Brazilian association of the plastic industry (ABIPLAST).

The apparent consumption of processed plastic products (the sum of production and imports minus exports) reached 4.9m tonnes, for an 8.7% increase.

Exports reached 333,000 tonnes (up 2.4%) bringing in receipts of $1.18bn. Imports of processed plastic products continued to grow and reached 411,000 tonnes for $1.83bn, compared with $1.4bn in 2006.

Consequently, the commercial balance for the sector in 2007 was negative at $646m, SIRESP said.

By: George Martin
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