Italians Sold More Plastics Machinery to China than Germany in 2016: According to the latest report of China Plastics Machinery Industry Association (CPMIA), the market regained momentum in the second half of 2016.
In 2016, there were a total of 406 enterprises above designated sizes in plastics machinery manufacturing. Income from major operations, revenues and exports values grew significantly in both the third and fourth quarter.
28,297 units of plastics machinery were imported in 2016, up 56% compared with the previous year; import values of US$1.336 billion dropped 12%.
Pelletizers (+51%), hollow molding machines (+15%) and calendaring machines (+25%) contributed significantly to the increase of plastics machinery imports, while major machines, including injection molding, extrusion and blow molding machines import dropped with various degrees.
In 2016, 5,162 units of injection molding machines were imported at US$533 million, down 16% and 19% respectively; 840 extruders were imported at US$315 million, dropped 9% and 16% respectively; 206 units of blow molding machines were imported at US$126 million, dropped 32% and 24% respectively.
Asia remains the major plastics machinery supplier for China, representing 80.31% of the total number of machinery imported and 54.91% of total imported values. However, imports from Japan, Korea and Taiwan dropped 10.39%, 31.4% and 17.92% respectively.
European machinery represented 10.8% of the total number of machinery imported to China but 41.25% of total imported values. Import from Germany dropped 11.7% in values, while Italian and Austrian imports grew 4.12% and 46.84% respectively.
As for exports, 628,870 units of plastics machinery were shipped at US$2.001 billion, up 31% and 6% Year on Year (YoY) respectively. As a result, a favorable balance of US$665 million was achieved.
Major increase of exports came from injection molding machines, extruders, calendaring machine and 3D printers.
26,765 units of injection molding machines were exported at US$1.022 billion, up 20% and 4% YoY respectively; 43,293 units of extruders were exported at US$391 million, up 298% and 4% YoY respectively; 1,112 units of calendaring machines were exported at US$28.05 million, up 23% and 22% YoY respectively; 354,973 units of 3D printers were exported at US$75.87 million.
Of the 10 major destinations of Chinese plastics machinery, Vietnam, the US, Indonesia, India, Turkey and Mexico recorded a faster growth, while exports to Thailand and Korea dropped 29.24% and 4.48% respectively.
To read detailed statistics, please refer to the “Main Source“
Brief introduction of China Plastics Machinery Industry Association
Founded in may of 1993, China Plastics Machinery Industry Association is a national organization with the status of a legal person. It was established with the approval of the Ministry of Civil Affairs of the People’s Republic of China and is guided by the State-Owned Assets Supervision and Administration Commission of the State Council.
China Plastics Machinery Industry, which is a major part of the China Machinery Industry and one of the fastest growing industries in national machinery industry, provides important technical equipment for the plastics raw material industry and the plastics product processing industry. China Plastics Machinery Industry Association is consisting of 360 corporate members, including 71 Council members Units,1 President Member, 15 Vice-president Members and 26 Standing committee members. The members of the Association are those that engage in the production of plastics machinery equipment and accessories, such as enterprises, institutions, designing and scientific research institutes, universities and colleges, whose gross industrial output value, sales value, total contributed taxes, product variety and quantity accounts for 90% each of the whole plastics machinery industry.