Market trends
Latest figures: the US a booming market for Chinese plastics machinery
작성자 : Aeyoung Park
2018-01-24 |
조회 : 981
Exports of Chinese plastics processing machinery remain strong with remarkable increase in volumes and value for January to November, 2017 when compared to the same period of previous year.
▲ Chinese plastics processing machinery recorded remarkable increase in export volumes and value for January to November, 2017.
Higher export volumes and value
A total of 737,021 units of plastics machinery were exported with value of US$1.991 billion in the first eleven months of 2017, according to the report of China Plastics Machinery Industry Association (CPMIA).
This represents an increase of 33% and 11% YoY (Year over Year) on export volumes and export value respectively. Meanwhile, the per unit export price was US$3,000.
Injection molding machines, extruders, blow molding machines, bridge-die-forming machines and calendar forming machines were the major types of machines being exported. In total, 87,813 units were exported at US$1.717 billion from January to November, representing 11.91% of the total export volume and 86.23% of the export values.
As a result, China recorded a favorable balance of US$386 million in plastics machinery trading.
Of the 10 major export destinations of Chinese plastics machinery, the US, India, Mexico, Bangladesh and Malaysia experienced a faster growth. In particular, 259,455 units were exported to the US through January to November, up 79.21% when compared to previous year's same period. The Chinese 3D printers comprised 83.93% of the total export volumes, continuing to take the US market by storm.
China importing pricier machine units
From January to November, China imported 19,717 units of plastics processing machinery, a drop of 27% YoY. However, import values increased by 31% to US$1.605 billion. The per unit import price was US$80,000 (US$50,000 in previous year).
Machines from other Asian countries constituted the major portion of China's imports, in which 15,624 units were shipped to China at US$936 million. They represent 79.28% and 58.09% of the total import volumes and values respectively.
In particular, imports from Japan grew by 49.96% and 43.20% in volumes and values compared with the same period of previous year.
Imports from Europe amounted to 2,368 units at US$592 million, representing 12.02% of the total volume and 36.73% of the total values. Germany's import volumes dropped 36.36%, but values were increased by 16.36%, while import volumes from Italy grew 47.15%, but values dropped 0.65%.
There are 402 enterprises above designated size in the Chinese plastics machinery industry. In November, both income from major operations and profit increased more than 12% YoY.
2017 Top 10 import destinations of Chinese plastics machinery(Jan – Nov, 2017):
2017 Top 10 Chinese plastics machinery export destinations(Jan – Nov, 2017):
