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Packaging EquipmentOverviewReturn to topHISTORIC PACKAGING EQUIPMENT FIGURES AND FORECAST FOR 2010(Production) 2008 2009 2010 (estimated)Estimated Total Market Size $ 641.7 $ 653.9 $ 663.7Estimated Total Local$ 96.2 $ 98.1 $ 99.57ProductionTotal Exports $ 6.26 $ 6.38 $ 6.48Total Imports $ 545 $ 556 $ 564.34Imports from the U.S. $ 114.45 $ 116.76 $ 118.51Figures are in millions of U.S. dollars. Sources: http://www.census.gov/foreigntrade/statistics/product/enduse/exports/c2010.html,http://www.trademap.org/Index.aspx,http://www.pmmi.orgHISTORIC PACKAGING FIGURES AND FORECAST FOR 2010 (metal, plastics,wood, cardboard, etc)(Production) 2008 2009 2010 (estimated)Estimated Total Market Size $11,005 $11,226 $11,394.45Estimated Total Local$8,475.4 $8,807.5 $8,939.5ProductionTotal Exports $1,073.1 $1,094.5 $1,110.9Total Imports $2,371.1 $2,428.5 $2,454.8Imports from the U.S. $1,951.05 $1,990.07 $2,019.92Figures are in millions of U.S. dollars. Sources: http://www.census.gov/foreigntrade/statistics/product/enduse/exports/c2010.html,http://www.trademap.org/Index.aspx, AMEE, with data from CANAFEM, CNIPC, INEGI and SHCPAccording to reports from the Packaging Machinery Manufacturers Institute (PMMI),Mexico is the second largest buyer of equipment from the U.S. in the packaging industry,only preceded by Canada. It is estimated that in 2008 alone, the importation market forpackaging equipment and spare parts reached an average of US$ 472 million. Spareparts contributed an estimated US$ 67 million, making the total value of the equipmentand spare parts for this industry over a half billion dollars. In 2009 the Mexican economygrew 0.9%, despite the world financial crisis. This was boosted by external demand aswell as local market growth, especially in the industrial sector. In 2009 exports,manufacturing production, and construction made an important impact in the expansionof the industry as a whole. Mexican IRS (Secretaria de Hacienda y Credito Publico) hasdeclared that the expected Economic growth for Mexico in 2010 will be 2% as result ofthe expected growth of 1.9% in the U.S. and the recovering oil prices.According to the Mexican Association of Packaging (AMEE), Packaging sales during2008 increased 5.2 % when compared to 2007, reaching a total value of US$ 8.2 billionand 8,634,843 tons.