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Analysis of the development status of China's plastic machinery mold industry

Update:28-02-2020
Summary:

On the whole, China's plastic molds have made great pro […]

On the whole, China's plastic molds have made great progress both in quantity and in terms of quality, technology and capabilities, but compared with the needs of national economic development and the world's advanced level, the gap is still large. Some large-scale, precise, complicated, and long-life plastic molds still need to be imported in large quantities every year. While the total supply exceeds supply, some low-grade plastic molds are oversupplied, and the market is fiercely competitive. There are also some mid-range plastic molds that are not high in technical content, and there is also a trend of oversupply.

Although the increase in mold exports in recent years is greater than the increase in imports, the absolute increase is still that imports are greater than exports, resulting in a mold trade deficit increasing year by year. This situation has improved in 2006 and the deficit has decreased slightly. There are two main reasons for the increase in the foreign trade deficit of molds. First, the sustained and rapid development of the national economy, especially the rapid development of the automotive industry, has brought about strong demand for molds. Some high-end molds do not produce domestically, so they have to import; but there are indeed some Moulds can be produced domestically and imported. This is related to China's current tariff policy and project approval system. The second is insufficient encouragement for mold export. Now molds and other mechanical and electrical products, the export tax rebate rate is only 13%, but less than 17%.

From the perspective of market conditions, plastic mold manufacturing enterprises should focus on developing large-scale, precise, complex and long-life molds with high technological content, and vigorously develop international markets and develop export molds. With the rapid development of China's plastic industry, especially engineering plastics, it is foreseeable that the development speed of China's plastic molds will continue to be higher than the overall development speed of the mold industry, and the annual growth rate in the next few years will remain at about 20%.

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