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Chinese plastics processing machinery recorded remarkable increase in export volumes and value for January to November, 2017.
Chinese plastics processing machinery recorded remarkable increase in export volumes and value for January to November, 2017.

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.

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:

Ranking

Country

Import volumes

Import values (US$ mil)

% of total volume

% of total value

1

Japan

5,013

673.63

25.42%

41.96%

2

Germany

1,353

402.79

6.86%

25.09%

3

Taiwan

1,712

144.10

8.68%

8.98%

4

South Korea

711

74.73

3.61%

4.65%

5

Italy

284

71.23

1.44%

4.44%

6

The US

1,632

61.92

8.28%

3.86%

7

Austria

155

39.81

0.79%

2.48%

8

Switzerland

47

28.17

0.24%

1.75%

9

Canada

62

20.96

0.31%

1.31%

10

France

87

17.14

0.44%

1.07%

Total:

11,056

1534.47

56.07%

95.58%

Top 10 import destinations of China’s plastics machinery (Jan – Nov, 2017)

2017 Top 10 Chinese plastics machinery export destinations:

Ranking

Country

Import volumes

Import values (US$ mil)

% of total volume

% of total value

1

The US

259,455

212.90

35.20%

10.69%

2

Vietnam

17,687

185.40

2.40%

9.31%

3

India

3,986

102.41

0.54%

5.14%

4

Mexico

4,395

94.01

0.60%

4.72%

5

Turkey

2,584

84.97

0.35%

4.27%

6

Thailand

5,485

81.67

0.74%

4.10%

7

Indonesia

2,841

79.60

0.39%

4.00%

8

Bangladesh

1,669

65.09

0.23%

3.27%

9

Malaysia

5,567

63.86

0.76%

3.21%

10

Iran

4,190

61.37

0.57%

3.08%

Total:

307,859

103.128

41.77%

51.80%

Top 10 China plastics machinery export destinations (Jan – Nov, 2017)


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