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Why is China's plastic machine market favored by European companies?

Why is China's plastic machine market favored by European companies?

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Recently, the 2018 Italian Plastic rubber industry exhibition in Milan, Italy, the new international exhibition center successfully closed. During the exhibition, 72 enterprises and more than 200 exhibitors from Zhejiang, Jiangsu, Guangdong, Shanghai, Shanxi, Shandong, Yunnan and other provinces and cities, and more than 200 exhibitors, for the first time in the form of a national exhibition group, the collective appearance at the exhibition, focusing on the overall level of China's plastic machinery industry and cluster advantages,

It also provides European merchants with the opportunity and platform to get to know the Chinese plastic machine brand. It is understood that the Italian plastic rubber industry exhibition held every 3 years, as Europe's second largest plastic industry exhibition, its scale is second only to Germany's KSHOW exhibition. The Italian Rubber Exhibition attracted more than 1,500 exhibitors from more than 50 countries and regions, with an exhibition scale of 55,000 square meters, and is the largest international plastic exhibition in Europe this year. The exhibition offers a full range of presentations from raw materials for plastic machinery to semi-finished and finished products, from mechanical products to related technologies and ancillary services, focusing on technological innovation and change in the industry.

This brand exhibition in China exhibition area of 1090 square meters, and set up a special service area, to provide business activities advisory services. In recent years, China's plastic products production has maintained a steady growth, the development of plastic machine industry is also visible to all. According to the data of the National Bureau of Statistics from 2000 to 2017, the number of enterprises above the size of China's plastic machinery industry increased from 170 to 402, and the operating income of the industry increased from 6.644 billion to 67.1 billion yuan, with an annualized growth rate of about 15%.

According to the China Plastic Machinery Industry Association statistics, in 2017 China's plastic machinery industry as a whole development situation is good, the number of orders increased significantly, the value of export delivery of 10,948 million yuan, achieved a sustained and steady growth of 21%. In addition, with the macroeconomic stabilization of 16 years and domestic enterprises to increase investment in research and development, China's plastic machinery industry export strength is increasing. In the past three years, the number of plastic machinery exported from china to Europe increased from 44,681 units in 2015 to 288,217 units in 2017, and the amount increased significantly from US$200 million in 2015 to US$320 million in 2017.

At present, China's main export markets for plastic machinery are the United States, India, Mexico, Malaysia and Bangladesh and other countries. It can be seen that China, as an important export target market for the European plastic machinery industry, is playing an increasingly important role in the international market.

Italy, Germany and other European countries plastic machine enterprises more aimed at the Chinese market business opportunities, the future development prospects of China's plastic machine industry is unanimously optimistic. According to the latest statistics of China Industrial Information Network, in recent years, China's plastic machinery export amount in the domestic industry accounted for more than 20% of the total revenue, overseas exports for the industry's development provides an important impetus. Since 14 years, China's plastic machinery industry exports began to exceed the amount of imports.

On the one hand, Engel, Demag, Sumitomo Demag and other foreign brand manufacturers settled in China, on the other hand, the more important reason is that China's injection molding machine technology level is improving rapidly, high-quality products have been widely recognized by customers at home and abroad. Under the impetus of the new round of global scientific and technological revolution, the transformation and upgrading of China's plastic machinery industry is now entering a critical period of opportunity. The overall strength of domestic manufacturing industry has been further strengthened, in the development of exports, but also to a certain extent to reduce the domestic market on imported plastic machinery products. In the future, Chinese plastic machine enterprises need to target market demand and constantly seek technological breakthroughs, and strive to promote intelligent manufacturing, to create energy-saving, precision, high-quality plastic machinery, in the future can enter more and more international high-end market.

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