RAPPORTO SULL INDUSTRIA CINESE DI MACCHINE PER MATERIE PLASTICHE E GOMMA

Transcription

1 RAPPORTO SULL INDUSTRIA CINESE DI MACCHINE PER MATERIE PLASTICHE E GOMMA MARKET REPORT 2010

2 CHINA PLASTIC AND RUBBER MACHINERY Overall market snapshot China is the world s largest plastic and rubber machinery market, accounting for 25% of the global market In 2009, the market size of Chinese plastic and rubber machinery was about RMB 29.2 billion (excluding the components and parts), of which the imported machinery was about RMB 8.6 billion, and domestic-made machinery was about RMB 20.6 billion The industry is forecasted to grow steadily in 2010, mainly driven by increasing demand from key customer industries such as automotive and electronics Chinese machinery companies served mainly the low-mid end market, while high value-added machinery is mostly reliant on imports There are about 800 local manufacturers of plastic and rubber machinery industry; however there is a significant technology gap between large and small companies. About 60 large manufacturers 1 dominate the market with about 73% market share. Latest import-export analysis / Italy s market position China is still a net importer of plastic and rubber machinery; in 2009 the imports reached USD 2.03 billion while exports was USD 1.35 billion However, exports are growing much faster than imports, with CAGR of 40% ( ); majority of imported items are high-end machinery, while exports are mainly low to mid-end machinery. In 2009, both imports and exports experienced the decline. In particular, the imports decreased by 29.3% compared with the previous year. 1 There are 12 manufacturers with revenue >RMB 100 million, and 50 with revenue >RMB 30 million, which together account for about RMB 8 billion in sales 3 HS 8477: Machinery for working rubber or plastics or for the manufacture of products from these materials 2

3 Million USD China Import & Export Plastic and Rubber Machienry Import Export Note: All value in the chart is the sum of HS codes used for plastic and rubber machinery Table below shows the key countries that export plastic and rubber machinery to China Italy ranked #4, with an import value of US$ million, accounting for 6.1% of total imports. 3

4 Table: China imports of plastic and rubber production machinery, top 5 countries, in 2009 Rank Country Import value % of total Note [US$ M] imports 1 Germany #1 in blowing molding machinery, Extruders, vacuum moulding machinery, and other moulding machinery 2 Japan #1 in injection molding machinery, #2 in Extruders 3 Taiwan #3 in Injection molding machinery and Thermoforming & vacuum molding machinery #4 in Other molding machinery #2 in Thermoforming & vacuum 4 Italy molding machinery #3 in blowing molding machiner 5 Korea, #4 in injection molding machinery South Germany and Japan are the key Top 5 total exporting countries, accounting for about 60% of total imports Snapshot of key customer segments The following table shows the key customer industries for plastic and rubber machinery more than 75% of production of these industries are concentrated alone the East cost of China Automotive industry is the largest customer segment; however demand from plastic bottling, medical packing and architectural industries are expected to grow rapidly 4

5 Industries Description Geographical distribution Production value in 2008: RMB billion, 23% growth from 2007 About 18,000 manufacturers Automotive industry Plastic and rubber is much cheaper and lighter, and has gradually replaced steel for the body parts Increasing demand in rubber is mainly driven by tire industry growth Production value in 2008: RMB billion, 22% growth from 2007 About 24,000 manufacturers PET bottle accounts for 57% of total beverage packaging, and it is expected Plastic and rubber industry to continue growing as some beer producers have planned to replaced glasses bottle by PET Plastic film packaging has been applied to some fast-growing sectors such as medical, cosmetic and agricultural packaging Production value in 2008: RMB 1,600 billion, 20% growth from 2007 About 22,000 manufacturers Increasing demand driven by: - Government is implementing a series of Architectural urban renewal schemes, demand of material plastic pipe, door and window remains industry strong - Increasing demand on waterproof rubber building material such as waterproof film and quakeproof material Source: China Statistics Yearbook 5

6 Technology development and industry trends Level of technology. It is estimated that the technology level of China s plastic machinery industry lags behind Europe and US by about 10 years. However, as domestic players are paying more attention on R&D, the technology level is constantly improving and the gap is narrowing Equipment used. Injection molding machinery, extruders and blow molding machinery are the three key segments, accounting for 40%, 25% and 13% of total domestic production respectively. There is an increasing use of computerized systems and all-electric machinery to boost production efficiency and improve product quality Foreign players with domestic production. Many international brands have set up manufacturing facilities in China; initially, these companies entered through joint ventures with domestic machinery suppliers, but many have since converted to WOFEs Industry consolidation. Small domestic suppliers are exiting the market due to fierce competition, while foreign companies are expanding through M&A activity; the number of domestic plastic and rubber machinery suppliers have declined from 800 in 2007 to 600 in Brand establishment. Domestic players are focusing more on creating their own brands rather than competing purely on price Potential opportunities for Italian companies The market is growing and greatly dependent on foreign technology, thus representing good opportunities for Italian plastic and rubber machinery suppliers Italian companies may consider establishing a manufacturing presence in China in form of WOFE or JV 4, as an offshore assembling base for the global market in order to take the advantage of China s lower production cost and the large domestic market 4 WOFE = Wholly-Owned Foreign Enterprise; JV = Joint Venture 6

7 APPENDIX IMPORT-EXPORT STATISTICS China s Total Import from World by countries World Germany Japan Taiwan Italy Korea, South United States France Switzerland Canada Austria

8 China s Total Import from World by products HS Description / Machinery For Working Rubber & Injection-Molding O Work Rubber/Plstc Extruders Parts For Blow-Molding Vac-Mold+Othr Therm O Mld/Form Rub/Plst M/Retrd Pnmtic Tire China s Import from Italy by products HS Description / Machinery For Working Rubber & O Work Rubber/Plstc Vac-Mold+Othr Therm Extruders O Mld/Form Rub/Plst Blow-Molding Injection-Molding Parts For M/Retrd Pnmtic Tire

9 Machinery for Injection-Molding (HS code ) World Japan Germany Taiwan Korea, South Canada Austria Switzerland Italy China United States Machinery for Extruders (HS code ) World Germany Japan United States Italy Austria Taiwan Switzerland Korea, South Finland France

10 Machinery for Blow-Molding (HS code ) World Germany France Italy Japan Malaysia Switzerland Taiwan United States Korea, South Singapore Machinery for vacuum molding and thermoforming (HS code ) World Germany Italy Taiwan Korea, South Japan Switzerland United States Malaysia France South Africa

11 Machinery for moulding and retreading pneumatic tyres or inner tubers (HS code ) World Japan Taiwan Netherlands Germany Korea, South Italy Romania United Kingdom United States Sweden Other machinery for moulding and retreading pneumatic tyres or inner tubers (HS code ) World Japan Italy Taiwan Slovakia Korea, South Germany United States Netherlands France Malaysia

12 Other Machinery (HS code ) World Germany Japan Italy Taiwan Korea, South United States United Kingdom Austria Switzerland Denmark Parts (HS code ) World Germany Japan Taiwan Canada France United States Netherlands Korea, South Italy Switzerland

13 China s Total Export to World by countries World India Thailand Vietnam Brazil Japan Indonesia Iran Malaysia Turkey Taiwan China s Total Export to World by products January - December % Share % Change HS Description /08 Machinery For 8477 Working Rubber & plastics O Work Rubber/Plstc Injection-Molding Parts For Extruders Blow-Molding Vac-Mold+Othr Therm O Mld/Form Rub/Plst M/Retrd Pnmtic Tire