Decreasing orders in the packaging industry

With the drop in the Hungarian manufacturing orders for packaging manufacturers also fell 10-30 percent since January. Despite the decline in orders, the prices of raw materials did not change.

Due to the economic situation the fierce competition in the packaging market continued to increase, but the prices of raw materials have not been reduced to such an extent that manufacturers, distributors of packaging can significantly reduce their sales prices. The largest decline was experienced in the car and electronics supplying business. The drug industry supplyers and spirit producers were less involved. While in the first quarter of 2008 there was 140 thousand tonnes of packaging on the market, this year only 124 thousand tonnes were issued by 2600 companies. But most of the pharmaceutical and tobacco and spirits producers didn’t reduced their capacity – reports Világgazdaság.