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The United States has become China's largest exporter of injection molding machines, which has led many of China's press companies to look to this superpower. Is there any change in the plastics market in the United States, and will the demand for presses in the United States continue to grow in the future?
At present, the plastic machinery imported from the United States is mainly an injection molding machine. As can be seen from Fig. 1, nearly 80% of plastic injection machines imported from the United States of America are used in the United States because of the technological gap between our equipment and the United States for other chemical machinery. Larger and far from reaching its technical requirements. From the perspective of China’s trade with the United States in presses this year, although China is in a deficit situation, there are significant differences in trade structure. China's largest exporter of Sino-US presses is the injection molding machine. From January to May, the export volume was as high as 20.887 million U.S. dollars, with a surplus of 17.491 million U.S. dollars. The most imported machine was the extruder, with an import volume of 13.53 million U.S. dollars. The deficit was 1089.6. Million dollars, that is to say, in the trade with the United States presses, China mainly exports injection molding machines, while imports are mainly extruders. For a long time to come, injection molding machines will still be a major category for China's exports to the United States. From the perspective of technical indicators such as clamping force, plasticizing force, and production capacity, although there are still gaps from European equipment, Cost-effective and practical use needs, the injection molding machine is a plastic machine can better meet the United States industrial production.
In May of this year, the United States imported $0.727 million of injection molding machines from China. It was the country that imported the most injection molding machines from China in May. In fact, the amount is the same as last year, but investment in other Asian countries has not yet fallen last year. Countries such as Thailand and Vietnam also import injection molding machines from China. This year, these countries have fallen sharply year-on-year, making the United States the export of China's injection molding machines. Big country.
In fact, in 2012, the amount of U.S. imports of injection molding machines from China has increased substantially. This has a certain relationship with the return of the manufacturing industry that was proposed at the time. In 2012, the US imported 52.805 million US dollars worth of injection molding machines from China, which represented a year-on-year increase of 124.5%. In fact, the substantial growth in the United States' imports of injection molding machines from China started in 2012, and from the first five months of this year, its import volume As in the previous year, it actually fell slightly compared to the first five months of last year.
Although in May of this year, the United States was able to become the largest exporter of injection molding machines in China, it was closely related to the economic and investment slowdown in other Asian countries. However, in the context of the global economic downturn and lack of consumer investment, the United States can still maintain The strength of investment is not related to the recovery of its own economy and the return of manufacturing industries. Recently, the United States released an industrial production report, pointing out that manufacturing is recovering. The survey report also showed that in June 2013, the manufacturing of plastics and rubber products rose by 4.8% year-on-year. SPI officials stated that there is a "great opportunity" for the US plastics industry to recover before the end of the year before the global economic recession. At present, the capacity and equipment utilization rate of the U.S. plastics industry is 20% lower than at the end of 2007 (before the financial crisis).
Although the U.S. economy is recovering, the plastics industry capacity is picking up, and the demand for presses is also growing (in recent years), I would like to remind readers of the following points:
First of all, some of the equipment currently exported to the United States are actually domestic exports. In the United States, many manufacturing companies invested and set up factories in the mainland. With the return of manufacturing industries in recent years, this part of the production companies has relocated the factories to the United States, and the original part of domestically produced equipment products have been converted into export parts, and actually On the production of China's plastic press is not big. From the data, it can be seen that the dramatic growth of the injection molding machine exported to the United States began in 2012. This year is also the beginning of the return of the U.S. policy-oriented manufacturing industry.
Second, rising consumer spending in the US plastics market does not imply growth in upstream production or increased demand for equipment. The four pillar industries that support the U.S. plastics industry are transportation, medical care, packaging, and aerospace industries. Currently, the U.S. local plastics production companies mainly serve these industries. The products are relatively high-end, and for general consumer goods, etc., the U.S. More or direct imports. From the point of view of the unit price of imported injection molding machines in the United States, they are all higher-end equipment in China. In the first five months of this year, the unit price of the United States imported injection molding machines from China reached as high as 84,000 U.S. dollars, while the highest export unit price for injection molding machines in China was 40,000. Around the dollar. In other words, the growth in demand for the plastic press market in the United States is lower than that in the plastics industry.
Third, the United States has relied heavily on quantitative easing in recent years to draw domestic employment and economic growth. However, the United States has recently proposed to withdraw its quantitative easing monetary policy plan. This has led to the United States withdrawing investment from emerging countries and at the same time it will also have a blow to the domestic economy. This is also a concern for local U.S. investors and it will have some impact on their investments in the second half of the year.
In addition, the U.S. economy affects the world, and the same changes in global economic conditions will affect the United States. Although the US plastics industry may return to the level before the financial crisis at the end of the year, this is not a case of serious deterioration in the euro zone. It is too early to say that the U.S. economy is fully recovering. The cyclical fluctuation is currently The state of economic growth in the United States.
Therefore, we can expect that the US press market will not be able to grow significantly for a period of time. Its growth rate will be lower than the recovery rate of the entire plastics industry, and due to market fluctuations, there may be a slight decline in the second half of the year. However, the overall level of demand will continue at least until the end of this year.
ZHONGSHAN LAVI HARDWARE PRODUCTS CO., LIMITED , https://www.lavihareware.com