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 international market.

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.

Opportunity

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.

 
Threat

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 challenges.
 
Verified plastics factories in OKCHEM

Ningyang ZhongWei Chemical

Guangxi Bluestar Dahua Chemical Co., Ltd.

WPA Chemicals Limited

Shanghai Jinying Chemical Co. Ltd.

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