In April 2018, the export volume of plastic products increased by 9.8% year-on-year.

Today, China's plastic products industry has undergone tremendous changes. During the “Twelfth Five-Year Plan” period, China's plastic products industry continued to develop in the adjustment, transformation and upgrading of industrial structure. In recent years, China's plastic products industry has maintained a rapid development trend, with production and sales ranking first in the world, of which plastic products accounted for about 20% of the world's total output. According to statistics, the number of enterprises above designated size in China's plastics processing industry increased from 12,963 in 2011 to about 15,000 in 2016. While market competition has intensified, industry concentration has been further improved. In the same period, the main business income of enterprises above designated size was 1,558.374 billion yuan. It increased to 225.51 billion yuan, with a compound annual growth rate of 7.96%.

The scale of China's plastic products market in 2011-2016

Analysis of the output of plastic products in China

According to relevant data, since 2015, the cumulative output of China's plastic products has maintained a steady growth trend, and the annual output has remained at 7,000-80 million tons. Specifically, the cumulative production of plastic products in China in 2017 was 75.155 million tons, a cumulative increase of 3.4%. It is predicted that the cumulative production of plastic products in China will reach 77.193 million tons in 2018, with a cumulative increase of about 3.1%.

Production and growth of China's plastic products in 2014-2018

China's plastic products exports

According to relevant data, China exported 1.052 million tons of plastic products in April 2018, a year-on-year increase of 7.3%. In January-April, China exported 3.78 million tons of plastic products, a year-on-year increase of 9.8%.

In terms of export value, China exported 3561.9 million US dollars of plastic products in April 2018, up 2.1% year-on-year. China's exports in January-April were 12675.4 million US dollars, up 11.1% year-on-year.

China's plastic products exports in April 2017-2018

China's imports of plastic products

According to relevant data, the import volume of China's primary shape plastics reached 28.66 million tons in 2017, and the monthly import volume was over 2 million tons. According to the latest statistics, China's primary shape plastic imports in February 2018 were 1.84 million tons, down 26.1% year-on-year. In January-February, the cumulative import volume of China's primary shape plastics was 4.768 million tons, a cumulative increase of 1%.

In terms of import volume, the annual import volume in 2017 showed a positive growth trend. In February 2018, China's primary plastic imports amounted to US$3218.9 million, down 20.6% year-on-year. In January-February, the import value of China's primary shape plastics reached US$8206.7 million, a cumulative increase of 7.2%.