Plastic packaging production recovered in 2014, ICAP report‏

Gazzetta team 30 Ιουλίου 2015 - 13:05

Greek plastic packaging product industry production showed signs of recovery in 2014, after a five-year decline, a report by ICAP Group showed on Thursday.

The size of the domestic production of plastic packaging products grew by an annual average rate of 5.2 pct in the 1992-2008 period, but fell in the 2009-2013 period with the size of production falling by 13 pct in 2013 compared with 2008. In 2014, this trend was reversed with production rising by 2.0 pct.

ICAP said that the quantity of imported plastic packaging products fell by 4.7 pct on average in the 2007-2013 period, while exports grew by an annual average rate of 5.8 pct in the 2010-2012 period. Exports fell by 5.0 pct in 2013, while the value of total exports fell 2.0 pct in the same period.

Iakovos Katakouzinos, senior manager of economic research department ICAP Group, commenting on the report said that the size of the domestic market grew significantly in the 1992-2008 period, but an economic recession that followed led the market to a 4.4 pct annual average decline rate in the 2009-2013 period.

Data from a sample of 79 companies in the sector showed that assets fell by 1.3 pct in 2013, total sales eased 0.54 pct while gross earnings grew 5.3 pct in the same year. These companies showed profits in 2013, after losses in 2012, while EBITDA grew 19.6 pct in 2013 from 2012.