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In 2024, China's blow molding machine industry continued to demonstrate strong vitality in the international market, with the import and export situation showing some new characteristics and trends.
Export Aspect：
Obvious Overall Growth Trend: According to the customs data compiled by MachineInfo.com, from January to October 2024, the cumulative export value of China's extrusion blow molding machines was USD 141.7267 million, with a year-on-year growth rate of 36.17%. The cumulative export quantity was 5,573 units, with a year-on-year decrease of 77.96%. The average export price was USD 25,400 per unit, with a year-on-year increase of 519.51%.
Stable Main Export Markets: From January to October 2024, the top ten countries or regions in terms of the export value of China's extrusion blow molding machines were Vietnam, Russia, India, Mexico, the United Arab Emirates, Indonesia, Saudi Arabia, South Korea, Algeria, and Thailand, which together accounted for 51.36% of the total export value of this product in China. Among them, the export value to Vietnam was the highest, reaching USD 11.4823 million, accounting for 8.10% of the total export value.
Optimization of Export Product Structure: With the continuous progress of technology, the competitiveness of China's blow molding machine products in the international market has gradually increased, and the export volume of some high-end and intelligent blow molding machine products has also been gradually rising.
Import Aspect：
Relatively Small Import Scale and a Declining Trend: Taking extrusion blow molding machines as an example, both the import quantity and import value were at relatively low levels from January to October 2024, and the overall import market showed a certain shrinking trend.
Concentrated Main Import Sources: Germany is one of the main countries from which China imports blow molding machines and accounted for a relatively large proportion in the total import value of China's blow molding machines from January to October 2024. In addition, countries such as Japan are also important sources for China's imports of blow molding machines.
High Technical Content of Imported Products: The blow molding machines imported by China are mainly high-end products with high technical content and advanced performance. These products have advantages in production efficiency, product quality stability and other aspects and can meet the needs of some high-end markets in China.
Analysis of Influencing Factors：
Market Demand Factor: The continuous growth in the global demand for plastic packaging and containers has promoted the development of the blow molding machine industry. Against the backdrop of the trends of "replacing steel with plastics" and "replacing wood with plastics", as well as the development of industries such as new energy vehicles and home appliances, the market demand for China's blow molding machine products has been constantly expanding, providing a broad space for exports.
Technological Innovation Factor: Chinese blow molding machine enterprises have been continuously increasing their investment in technological innovation, and the technological level and quality of their products have been continuously improved. Intelligent, efficient, and environmentally friendly blow molding machine products have gradually gained recognition in the international market, enhancing the competitiveness of China's blow molding machines in the international market.
Policy Factor: The state's support policies for the plastic machinery industry, such as the development goals and key products proposed in the "14th Five-Year Plan" for the China Plastic Machinery Industry, have provided policy guarantees for the development of the blow molding machine industry and promoted the import and export trade of the industry.
Outlook on Development Trends：
Accelerated Import Substitution: As the technological level of China's blow molding machines continues to improve, the import substitution will be accelerated, and domestic enterprises will occupy a larger share in the high-end blow molding machine market, reducing their dependence on imported products.
Continuous Promotion of Industrial Upgrading: Driven by market demand and policies, China's blow molding machine industry will continue to carry out industrial upgrading, strengthen technological innovation and product research and development, improve product quality and performance, and move towards the directions of intelligence, greening, and high-end.
Image source: Photo Network