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China's plastics machinery market is favoured by European co

Recently, the 2018 Italian Plastics and Rubber Industry Exhibition successfully concluded at the New International Exhibition Centre in Milan, Italy. During the exhibition, 72 enterprises and more than 200 exhibitors from China's Zhejiang, Jiangsu, Guangdong, Shanghai, Shanxi, Shandong and Yunnan provinces and cities made their first collective appearance at the exhibition in the form of a national pavilion, focusing on the overall level and cluster advantages of China's plastics machinery industry, and also providing an opportunity and platform for European visitors to get to know Chinese plastic machinery brands.

  It is understood that the Italian Plastics and Rubber Industry Exhibition is held every three years, as the second largest plastics industry exhibition in Europe, its scale is second only to Germany's K SHOW exhibition. The Italian plastics and rubber exhibition attracted more than 1,500 exhibitors from more than 50 countries and regions, with an exhibition scale of 55,000 square metres, making it the largest international plastics and rubber exhibition in Europe this year. The exhibition offers a full range of displays from raw materials to semi-finished and finished plastic machinery, from machinery products to related technologies and supporting services, focusing on technological innovation and change in the industry. The brand exhibition China's exhibiting area is 1090 square meters, and a special service area is set up to provide consulting services about business activities.



  In recent years, the production of plastic products in China has maintained a steady growth, and the development of the plastic machinery industry is also evident to all. According to the National Bureau of Statistics data since 2000 to 2017, the number of enterprises above the scale of China's plastics machinery industry increased from 170 to 402, industry revenue from 6.644 billion to 67.1 billion, with an annualized growth rate of revenue of about 15%. According to the China Plastics Machinery Industry Association, the overall development of China's plastics machinery industry in 2017 was positive, with the number of orders increasing significantly and the value of export deliveries at RMB 10.948 billion, achieving a sustained and steady growth of 21%.

  In addition, with the macroeconomic stabilization since 16 years and domestic enterprises increasing investment in R&D, the export strength of China's plastic machinery industry is increasing. In the past three years, the number of plastic machinery exported from mainland China to Europe increased from 44,681 units (sets) in 2015 to 288,217 units (sets) in 2017, and the amount increased from USD 200 million in 2015 to USD 320 million in 2017, showing a substantial growth. Currently, the main export markets for Chinese plastic machinery are the United States, India, Mexico, Malaysia and Bangladesh, among other countries.

  It can be seen that China plays an increasingly important role in the international market as an important export target market for the European plastics machinery industry. Italy, Germany and other European countries of the plastic machinery enterprises more aimed at the business opportunities of the Chinese market, the future development prospects of China's plastic machinery industry is unanimously optimistic.

  According to the latest data from China's industrial information network statistics, in recent years, the amount of China's plastic machinery exports in the total revenue of the domestic industry has accounted for more than 20%, overseas exports provide an important impetus for the development of the industry. 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 settled in China, on the other hand, the more important reason is that China's injection moulding machine technology level is improving rapidly, high-quality products have been widely recognized by domestic and foreign customers.

  In the new round of global technological revolution, China's plastics machinery industry transformation and upgrading is now entering a critical opportunity period. The overall strength of the domestic manufacturing industry has been further strengthened, and the development of exports has been driven at the same time, also to a certain extent to reduce the dependence of the domestic market on imported plastic machinery products. In the future, Chinese plastic machinery enterprises need to target market demand and continue to look for technological breakthroughs, efforts to promote intelligent manufacturing, manufacturing energy-saving, precision, high-quality plastic machinery, in order to enter the future to more and more international high-end market.

Translated with www.DeepL.com/Translator (free version)
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