- The Association of German Mechanical and Plant Engineering (VDMA) is known as Europe’s largest industry association
- According to the Federal Statistics Organisation, Germany exported goods worth 858 million euros to Nigeria in 2023.
- VDMA expert explained that continous investment in high-performance technologies to increase efficiency, flexibility and sustainable production and packaging processes was reflected in a high demand for machines.
A representative of the food processing and packaging machinery branch of Germany’s Association of Mechanical Engineering Industry (VDMA), Daniel Dellemann, has revealed that Small and Medium Enterprises (SMEs) within the association are eager to invest more in Nigeria and other African countries.
Eko Hot Blog reports that the interest is driven by projections indicating a 16% increase in global soft drink sales volume by 2028, reaching 972 billion liters.
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Dellemann in an interview in Lagos, highlighted VDMA’s prominence as not only Germany’s but also Europe’s largest industry association.
He said that Nigeria remains a crucial export market for German companies in Sub-Saharan Africa (SSA), second only to South Africa, and the most important in West Africa.
According to the Federal Statistics Organisation, Germany exported goods worth 858 million euros to Nigeria in 2023.
He pointed out that global exports of food processing and packaging machinery to Nigeria has reached 307 million euros in 2023, the country continues to experience strong demand for machines and equipment designed for the production, filling, and packaging of beverages and liquid foods.
As one of the most dynamic growth sectors and a vital industrial sector in many nations, the global food and beverage industry is characterized by fierce competition, price pressure, constant product innovations, and shortening product life cycles.
These factors contribute to the industry’s need for cutting-edge technology and equipment.
Similarly, the VDMA expert explained that continous investment in high-performance technologies to increase efficiency, flexibility and sustainable production and packaging processes was reflected in a high demand for machines.
Dellemann said: “VDMA, the global trade volume of food processing and packaging machinery has been increasing continuously for years and reached a preliminary high of 52.6 billion euros in 2023.
“In the 10-year review period from 2014 to 2023, international foreign trade in food processing and packaging machinery amounted to 428 billion euros based on export data from 52 industrialised countries.
This corresponds to a periodic growth of 46 per cent in total.” He added: “The total investments of the global beverage and liquid food industry are likely to be significantly higher, as the total demand also includes the machines procured in the respective local market.
“In addition, machines and components that are used in the beverage and liquid food industry but are assigned to other statistical groups must also be included, such as stretch blow molding machines or water treatment technology.
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“This makes the supplier industry for the production and packaging of food and beverages one of the largest mechanical engineering segments, which is also significantly less affected by economic fluctuations than many other capital goods sectors.”
