GCC as important market for plastics and rubber machines - VDMA

 In 2009 German exports of plastics and rubber machines to the six countries of the Gulf Cooperation Council (GCC) reached €110 million. Compared to the previous year, they went down by 32.7%. The decline in export volume is a consequence of the worldwide economic crisis in 2009, according to figures released by the German E ngineering Federation or VDMA. The highest share in these shipments at nearly 60% is still held by Saudi Arabia. Ranking second in the list of most important destinations amongst the Gulf countries are the United Arab Emirates (UAE). Strong growth rates, though still at a low level, were registered for exports to Bahrain. In all countries under consideration, German machinery manufacturers hold shares from 14.2% in Kuwait, 30.7% in Saudi Arabia up to 42.2% in Qatar. In 4 out of 6 GCC countries German machinery manufacturers are No. 1 suppliers for local plastics and rubber processors, in Oman they rank second behind Italy, and in Kuwait third behind Chinese and Italian machinery exporters.
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