Development Trend And Market Prospect Forecast Of China's Plastic Machinery Industry In 2018

- Jul 03, 2019-

Global plastic production reached 33.9 billion euros in 2015, helped by continued downstream expansion.The global plastic machinery market is expected to reach 37.1 billion euros in 2017, according to the data center.The asia-pacific region accounts for half of the demand, while China accounts for about 20 per cent of the global market.The European market for plastic parts (the wider downstream of plastic machinery) is forecast to reach €104bn (excluding synthetic fibres, coatings and adhesives) by 2022.From the perspective of terminal application, packaging, construction, automobile, household appliances, 3C and medicine are the main downstream applications.

It is predicted that the market size of injection molding machines in major regions of the world will increase from 9.1 billion euros in 18 years to 11.6 billion euros in 24 years.China, southeast Asia, South Korea, North America, India will become the main market composition of injection molding machines.In 19-24, the compound growth rate of Asia Pacific (mainly refers to southeast Asia and South Korea) and North America is 4.0%, India is 5.0%, and the compound growth rate of China market will reach 5.6%.Asian markets, particularly China and India, will drive the global injection molding industry.

China has become a big producer, consumer and exporter of plastic products.Through the strong support of governments at all levels, China's plastic machinery industry has made breakthroughs in the plastic raw materials, plastic processing industry and plastic recycling industry, and plastic products are gradually replacing some steel and glass parts in the fields of automobiles, home appliances and electronics.

In 2016, the market size of plastic machinery (including injection molding machines) in China was about 60 billion yuan.Since the 2008 financial crisis, the size of China's plastic machinery market and the real GDP growth rate are fitted. The fitting results show that the size growth trend of the plastic machinery industry is similar to the GDP growth rate. Except for the extreme economic environment, the industry as a whole maintains steady growth.

Downstream plastic processing industry upgrading drives the rapid development of plastic machinery.China's plastic processing industry is developing rapidly, and from the quantitative leading development stage to improve the quality of development, improve the efficiency of development and industrial upgrading stage, driving the rapid development of plastic machinery and equipment industry.In recent years, the output of plastic products in China has maintained steady growth. According to the data of the national bureau of statistics, from 2000 to 2017, the number of enterprises above the scale of plastic machinery industry in China increased from 170 to 402, and the industry revenue increased from 6.644 billion to 67.1 billion, with an annual growth rate of about 15%.

After declining in 2015, the industry will see a recovery in 2016-2017.Affected by the macroeconomic downturn, the income of plastic machinery industry declined in 2015, about 2% year-on-year.With the stabilization of macro economy in 2016 and the increase of r&d investment by domestic enterprises, the revenue growth of plastic machinery industry has recovered. In 2016 and 2017, the industry revenue increased by 14% and 13% respectively, and the total profit of the industry increased by 15% and 22% respectively.

The export strength of the plastic machinery industry has been increasing, and now the export accounts for more than 20%.Since 14 years, China's plastic machinery industry exports began to exceed the amount of imports.On the one hand, engel, demag, sumitomo demag and other foreign brand manufacturers have settled in China. On the other hand, the rapid improvement of China's injection molding machine technology level has won the recognition of domestic and foreign customers.The overall strength of the domestic manufacturing industry has been further strengthened, which also drives the development of exports and reduces the dependence of the domestic market on imported plastic machinery products to some extent.In recent years, the export amount of plastic machinery in China has accounted for more than 20% of the total revenue of the domestic industry.

Injection molding machine is the most important part of the import and export of plastic machinery.Injection molding machine is the key equipment in the plastic machinery, from the import and export of the amount of proportion, injection molding machine maintains 4-50% of the proportion.In 2017, the export of injection molding machines maintained a rapid growth, with 34,943 units and 1.169 billion us dollars exported in the year, up 31% and 14% respectively.In terms of unit price, the average import price of injection molding machine is about 100,000 usd/set, and the average export price is less than 40,000 usd/set, indicating that China's injection molding machine is still concentrated in the middle and low-end market, and there is still a certain gap with foreign high-quality equipment.