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China's plastic mold market will grow at an annual rate of around 20%

Updated:04-09-2019
Summary:

  With the rapid development of China's plastics i […]

 

With the rapid development of China's plastics industry, the development speed of plastic molds has been driven, and the annual growth rate will remain at around 20% in the next few years. China's export of die-casting molds are currently concentrated in Europe, North America, Japan, South Korea and other places, and some enterprises' export molds have accounted for more than 30% of the total output value. From the market situation, plastic mold manufacturers should focus on the development of large, sophisticated, complex, long-life molds with high technical content, and vigorously develop the international market and develop export molds.

More and more high-quality die-casting molds cross the sea. The common features of these molds are sophisticated materials, excellent production, high dimensional accuracy, meeting customer standard requirements, service life and casting quality reaching the international advanced level, and having obvious price advantages. . China's die-casting mold not only attracts top domestic customers, but also attracts the attention of North American GM, Chrysler and other world-class car giants. They have sent experts to the mainland companies for inspection, and everyone has the intention of cooperation. China's mold exports to Europe's automotive oil chassis die-casting mold due to strong price advantage, advanced design, superb production has been recognized by foreign companies, and repeated orders.

From the perspective of the country's macro-policies, industry development, international and domestic market capacity, the international and domestic markets of large-scale precision complex casting molds and die-casting molds are huge. Only the world's automobile giant Chrysler, a model in China, is looking for mold design and manufacturing intentions. The order has 300 million yuan, as long as the company's technical equipment strength is likely to get orders, so investing in large-scale precision mold projects have theoretical and practical basis.

Although the growth rate of mold exports in recent years is greater than the increase in imports, the absolute increase is still greater than that of imports, resulting in a year-on-year increase in the trade deficit of molds. This situation has improved in 2012 and the deficit has decreased slightly.

First, the sustained and rapid development of the national economy, especially the rapid development of the automobile industry, has brought strong demand for molds. Some high-end molds cannot be produced domestically, so they have to import them. However, some molds can be produced domestically and imported. This is related to China's current tariff policy and project approval system. The second is not enough incentives for mold exports. Nowadays, like other electromechanical products, the export tax rebate rate is only 13%, but less than 17%. Luo Baihui believes that these two reasons lead to an increase in the trade deficit of the mold.

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