China’s per capita consumption of plastics five years doubled

2010 China’s per capita plastics consumption reached 46 kilograms, more than doubled compared with five years ago, more than 40 kg over the same period of the world average.

Industry sources,  , China has become the world’s largest consumer of plastics in support of strong domestic demand, the “Eleventh Five-Year” period the average annual output value

of plastic products production and growth rate of more than 30%, but exports still face challenges.

Guangdong Plastics Industry Association, said Fu An, 2010, total output and output value of plastic products in China reached 58.3 million tons and 1.25 trillion yuan,

respectively, five years ago, 2.7 times and 2.4 times, mainly due to the rapid development of plastics industry support domestic demand, in 2005 China’s per capita plastics

consumption is 22 kg, only half of current levels.

Nevertheless, compared developed, China per capita plastics consumption still gaps, development potential. According to the Investment Adviser’s “2010-2015 Investment of

China Plastics Industry Analysis and Forecast Report” shows the world plastics consumption per capita in developed countries, mostly in the 120 kg or more, ,which most Belgium,

up to 200 kg, followed by United States, up to 170 kg.

Exports, Fu An, said, “during” the export tax rates adjusted several times by the state and the financial crisis, China’s exports of plastic products has declined, exports

flat in 2010, export volume and export value of plastic products, respectively and more than 7 million tons and 200 billion U.S. dollars, in 2005 the two figures were 12.28

million tons and 166 billion dollars.

According to reports, raw material prices and transportation, electricity prices rose continuously in recent years, the domestic cost pressures for manufacturers of plastic

significantly increased. At the same time, even though China is the largest producer of plastic products is one of a number of processing enterprises, but most are small and

medium enterprises, technology is relatively backward, mostly for export daily necessities and crafts, special engineering plastics with high added value products is relatively

small.

In addition, the domestic standards lag, RMB appreciation and other factors also affect the export of plastic products in China, but also encountered some barriers to

international trade.

It is worth mentioning that the current corporate restructuring and upgrading, , the development of low carbon energy saving green plastic has become the industry consensus.

Accounting for one fifth of the current production of plastic machinery manufacturing province of Guangdong, for example, plastic products in Guangdong Province in 2010

production was 13.31 million tons, exceeded the size of Japan and the European countries. “Eleventh Five-Year” period, Guangdong enterprises in the polymer material forming,

plastic wide extension of pressure equipment, plastic raw materials modification technology to achieve innovation in the field of positive transformation and upgrading of

traditional products, the future will be in lighting, medical, construction widening the application of emerging application areas, as an alternative to metal, cement, wood and

other energy saving achieved.

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