China's injection molding machine exports at $1 billion in 2014

Injection molding machine is the most crucial plastic processing machinery, accounting for 60%-85% in developed countries, and it finds application mainly in fields like automobile, household appliances, food & beverage packaging, plastic building materials, and electronic communications. Research and Markets  recently released a new report "Global and China Injection Molding Machine Industry Report, 2014-2016" where it noted that China's injection molding machine industry has grown bigger and stronger along with rapid development of downstream sectors, becoming the world's largest producer and consumer of injection molding machine. 

 

In 2010, China's injection molding machine sales exceeded RMB20 billion for the first time and approximated RMB25.5 billion in 2013, the best since the financial crisis, and it is expected to reach RMB30 billion or so in 2016. At present, nearly 30% of China-made injection molding machines are exported. Customs data show that, China exported 25,082 injection molding machines in 2014, a year-on-year rise of 9.2%, generating export value of $1.01 billion, up 9.1% from a year earlier.

 

In recent years, driven by demands from energy conservation and environmental protection, all-electric injection molding machines, electro-hydraulic injection molding machines, and two-platen injection molding machines have gradually become R&D and promotion priorities. It is noteworthy that more and more injection molding machines are two-platen ones. By early 2014, Chen Hsong Holdings, Haitian International Holdings, and Guangzhou Borch Machinery all had independently developed two-platen ultra-large injection molding machines with clamping forces of 6,500 tons and above.