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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 <strong>of</strong> U.S. dollars. Sources: http://www.census.gov/foreigntrade/statistics/product/enduse/exports/c2010.html,http://www.trademap.org/<strong>In</strong>dex.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 $2,019.92Figures are in millions <strong>of</strong> U.S. dollars. Sources: http://www.census.gov/foreigntrade/statistics/product/enduse/exports/c2010.html,http://www.trademap.org/<strong>In</strong>dex.aspx, AMEE, with data from CANAFEM, CNIPC, INEGI and SHCPAccording to reports from the Packaging Machinery Manufacturers <strong>In</strong>stitute (PMMI),Mexico is the second largest buyer <strong>of</strong> equipment from the U.S. in the packaging industry,only preceded by Canada. It is estimated that in 2008 alone, the importation market forpackaging equipment and spare parts reached an average <strong>of</strong> US$ 472 million. Spareparts contributed an estimated US$ 67 million, making the total value <strong>of</strong> the equipmentand spare parts for this industry over a half billion dollars. <strong>In</strong> 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. <strong>In</strong> 2009 exports,manufacturing production, and construction made an important impact in the expansion<strong>of</strong> 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 <strong>of</strong>the expected growth <strong>of</strong> 1.9% in the U.S. and the recovering oil prices.According to the Mexican Association <strong>of</strong> Packaging (AMEE), Packaging sales during2008 increased 5.2 % when compared to 2007, reaching a total value <strong>of</strong> US$ 8.2 billionand 8,634,843 tons.