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Plastic products export pressure under international trade friction
On May 26th, the "2016 China Plastics Industry Conference" was held. It was pointed out that in 2015, the number of loss-making enterprises in the plastic products industry reached 1,687, an increase of 11.4% year-on-year. This number will increase in 2016.
The data is boring, but the data is sizable. In 2015, there were 14,763 enterprises above designated size in the plastic products industry, and the growth rate of industrial added value reached 8.1%. The main business income of the year exceeded the 2 trillion mark, reaching 2.15 trillion, an increase of 4.6% year-on-year, and realized a profit of 130.25 billion, an increase of 8.8%. The output of plastic products reached 75.608 million tons, an increase of 0.95%. Exports were US$61.06 billion, up 1.03% year-on-year. The industry's fixed asset investment reached 653 billion yuan, a year-on-year increase of 10.1%.
In 2016, the operating trend of the plastics industry is highly consistent with China's macroeconomic trends. In the first quarter, the number of "above-scale" enterprises in the plastics industry increased by 487, with a total of 15,250. The growth rate of industrial added value reached 8.7%, higher than the 2.9% growth rate of the national industrial added value during the same period. The main income was 482.96 billion yuan, a year-on-year increase of 6.3%. The profit was 28.16 billion yuan, a year-on-year increase of 13.5%. The output of plastic products reached 16.652 million tons, an increase of 6.1% year-on-year. From January to April, the fixed assets investment of the entire industry was 1,160.4 billion, an increase of 11%. This growth rate is higher than the average investment of the manufacturing industry by 5.1% in the same period. The main economic indicators are all red, and they have exceeded the performance in 2015. In April, although the momentum of this reversal has slowed down, the overall trend is good. The situation has not changed. Exports have turned from -2.84% to positive growth, and the plastics industry has started well under downward pressure, which will play an important supporting role in stabilizing the whole year.
From 2015, the number of loss-making enterprises in the plastics industry has reached 1,687, an increase of 11.4% year-on-year. This number will increase in 2016. In recent years, the rapid growth of industry investment has brought about the negative effects of overcapacity, especially in the fields of agricultural film, pipe profiles, such as BOPP, BOPET, and profiled materials. It is difficult to see obvious changes. In the industrial industry, the problems of financing difficulties and expensive financing, the rising rigidity of labor costs, and the problem of exceeding the capacity of enterprises have all formed constraints on the development of the plastics industry.
In terms of exports, international trade frictions have also been encountered frequently in recent years, mainly from South America, Central and North America, and Southeast Asia, which have seriously weakened the export competitiveness of China's plastics industry. In the face of the future, the main pressure on the plastics industry comes from the determination and pace of its own transformation.