In the past decade, China's plastic products industry has roughly undergone 3 stages: 2011-2014, high-speed development stage; 2015-2017, stable operation stage; 2018, downward stage. In 2018, under the guidance of the new development concept, China's plastic processing industry adhered to the supply side structural reform as the main line, with scientific and technological innovation as the driving force, and focused on promoting high-quality development. The total output reached 60.4215 million tons, down 19.59% year-on-year.
After decades of rapid development, China's
plastic products industry in industrial restructuring, transformation and
upgrading of continuous development and change. At present, China's plastic
processing industry has entered a new stage of further development. With the
continuous acceleration of global innovation pattern and industrial
transformation, global manufacturing industry has entered the intelligent
transformation period, which forces the plastic processing industry to move
forward to the middle and high end, and promotes the plastic industry to develop
to high quality.
In terms of export, in recent years, the
export volume of China's plastic products industry shows a steady growth trend.
According to the data of the General Administration of Customs of China, the
export volume of China's plastic products industry increased from 8.51 million
tons in 2013 to 13.12 million tons in 2018, with a compound annual growth rate
of 9.04%. As of January November 2019, China's plastic products industry
exports a total of 12.84 million tons. The steady growth of export volume
reflects the increasing competitiveness of China's plastics industry in the
In terms of the total amount of plastic
products imported, in recent years, the total amount of plastic products
imported in China has basically stabilized at about 450000 tons. According to
the statistics of the General Administration of customs, in 2018, China
imported 475400 tons of plastic products. As of January September 2019, China's
plastic products industry has imported 333700 tons.
Opportunities and threats coexist
Under the new historical environment, opportunities and challenges coexist in China's plastics industry. Under the influence of industry upgrading and consumer market expansion, plastic processing industry will usher in greater industry opportunities; on the other hand, under the background of rising international trade protectionism, Sino-US trade frictions will cause confrontation and exist for a long time with the structural imbalance of Sino-US economy.
The industry integration and innovation is
improved. At present, the national policy environment is gradually being
adjusted and improved, and the market is being activated by a strong driving
force of substantial tax reduction. The new economic policy promotes the
consumption upgrading of plastic products, drives the demand growth of plastic
products, and technology innovation and system innovation management will
greatly stimulate market vitality.
The industry has a broad consumer market.
China has the largest plastic consumer market in the world, with an annual
consumption of more than 100 million tons. In the future, with the
implementation of the development plan for new plastic materials, the wider
application of new plastic materials will be further promoted, which will bring
opportunities for high-end market development. In addition, under the steady
promotion of the belt and road initiative, the implementation of the
"going global" strategy will promote the vigorous expansion of the
market space of plastic related industries.
At present, international troubles
continue, uncertain factors and multiple risks cause fragile international
relations and uncertain global economic situation. Regular trade frictions and
technical barriers have great influence on the export of plastic products. Sino-US
trade frictions will exist for a long time with the confrontation caused by the
structural imbalance of China US economy. At home, the integration process of
manufacturing informatization, intelligence and new market consumption mode is
speeding up, and the means and ways of growth are facing major challenges. In
the new economic era, the plastic processing industry to achieve high-end in
the normal growth of medium and low speed, the task is arduous, facing severe
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