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Analysis of the Development Status of China's Mould Industry


Release time:

2020-11-12

Core Tip: During 2015-2019, the total import and export trade of China's mold industry reached 75.66, 67.93, 75.42, 82.25 and 81.85 (unit: US $100 million) respectively, showing a volatile trend.

Analysis of the Development Status of China's Mould Industry


Core Tip: During 2015-2019, the total import and export trade of China's mold industry reached 75.66, 67.93, 75.42, 82.25 and 81.85 (unit: US $100 million) respectively, showing a volatile trend.

 

Mold, industrial production for injection molding, blow molding, extrusion, die-casting or forging molding, smelting, stamping and other methods to obtain the required products of various molds and tools. In short, a mold is a tool used to make a molded article. This tool is composed of various parts, and different molds are composed of different parts. It is mainly through the physical state of the molding material to achieve the shape of the processing. Known as the "mother of industry" title.

Since the beginning of the 21st century, in line with the changes in the downstream industry demand at home and abroad, China's mold industry has gradually completed business transformation and industrial upgrading. With the continuous growth of production and sales, China has become a veritable world mold manufacturing and mold trade power.

Data show that during the period from 2015 to 2019, the total import and export trade of China's mold industry reached 75.66, 67.93, 75.42, 82.25 and 81.85 (unit: billion US dollars), showing a volatile trend. Among them, during 2015-2019, the total import trade of China's mold industry was 24.85, 20.03, 20.51, 21.4 and 19.39 (in US $100 million). Overall, China's mold industry as a whole import and export continued to maintain a trade surplus of exports greater than imports. The main trade products can be roughly divided into plastic rubber mold, stamping die and other mold three categories.

Specific to the product point of view, China's imported mold products are mainly plastic rubber mold and stamping mold, according to customs information statistics show that the total import of plastic rubber mold and stamping mold accounted for the proportion of China's total mold imports are more than 40%. Data show that in 2019, China's plastic rubber mold imports accounted for 44.96 percent of total imports; stamping mold imports accounted for 40.92 percent of total imports; other types of mold imports accounted for 14.12 percent of total imports.

China's export mold products are mainly plastic rubber mold, according to customs information statistics show that in recent years, China's plastic rubber mold exports maintained at more than 60%. In 2019, China's plastic rubber mold exports accounted for 62.47 percent of total exports; stamping mold exports accounted for 19.3 percent of total exports; other types of mold exports accounted for 18.23 percent of total exports.

After years of development, China has begun to take an irreplaceable position in the field of mold manufacturing in the world, but like many traditional manufacturing industries, China's mold industry is large but not strong, fierce competition, lack of technological innovation and other issues. Specific performance for the following four points:

First, the market competition is fierce, product homogeneity is serious. There are many small and medium-sized enterprises in China's mold enterprises, which are limited by their strength. The product positioning and production capacity of these enterprises converge, which also leads to serious product homogeneity and lack of innovation and competitiveness in the market. A large number of homogeneous products into the market, in order to gain a larger market share, in the absence of other core competitiveness, enterprises can only reduce prices to obtain customers, which undoubtedly makes the mold sales market more chaotic.

Second, the lack of high-end development, medium and low mold production capacity surplus. High-end mold manufacturing undoubtedly requires longer technology accumulation and R & D investment. This threshold to many mold manufacturing enterprises shut out, coupled with the reasons for development, China's mold products are currently concentrated in the low-end.

Third, financing difficulties, enterprise development is limited. Mold is a typical high-input industry, and it is difficult to produce high-level molds without high-precision and high-quality processing equipment. Coupled with market risks, mold enterprises financing difficulties, production transformation and upgrading is particularly difficult.

Fourth, higher operating costs, narrow profit margins. As mentioned above, the mold is a typical high-input industry, coupled with the current limited technical level of many enterprises, mold production costs are still high (can also be seen as low production efficiency). In addition, the heavy tax burden has further increased the operating costs of enterprises and compressed profit margins.

Based on the above unfavorable factors, mold enterprises should still focus on transformation and upgrading in the future development, enhance their competitiveness in the high-end market, and make efforts in talent, management and innovation. At the same time, we must continue to maintain competitiveness and influence in overseas markets.

(Source: Golden Spider Fastener Web)