1. The level of mold manufacturing has improved, and the scale of the industry has continued to grow
Compared with the development history of international molds, the development of my country's mold industry started relatively late. my country’s modern mold industry started in the late 1970s. After the initial stage of external technology introduction and internal digestion and absorption, my country’s mold industry has now entered the development stage of independent research and development and technological innovation, achieving rapid improvement in mold manufacturing technology and mold enterprise technology. The level and professional production capacity have been greatly enhanced. Mold manufacturing technology has reached or approached the international advanced level, and the international competitiveness has been significantly enhanced.
With the development of the mold industry and the increase in downstream application scenarios, the sales revenue of the mold industry in my country has continued to grow. In 2019, the sales revenue of the mold industry in my country was 341.614 billion yuan, and the compound growth rate from 2010 to 2019 was 9.46%.
2. Competitiveness in the international market has improved, my country's molds accounted for an increase in the proportion of the international market, high-end molds have gradually realized import substitution, and mold exports have increased year by year.
A. Competitiveness in the international market is enhanced, and the proportion of my country's molds in the international market continues to increase
With the continuous improvement of the process equipment level, design level and manufacturing level of my country's mold industry, the product quality and performance of some domestic leading mold manufacturers have reached or approached the international advanced level. For the sake of overall production cost considerations, foreign manufacturers The gradual shift of purchasing focus to my country provides an important opportunity for Chinese mold companies to expand their production scale and increase their share in the international market.
According to the forecast of Strategyr, a well-known foreign organization, the global mold manufacturing market is expected to grow at a compound growth rate of 4.8% from 2020 to 2027, of which the Chinese market is expected to grow at a compound growth rate of 7.5%. The proportion of China's mold manufacturing market in the global market will continue to rise.
B. High-end molds gradually realize import substitution, and mold exports are increasing year by year
With the improvement of my country's mold technology level and professional production capacity, the competitiveness of my country's mold industry in the international market has gradually increased. In the field of high-end molds, domestic molds are gradually replacing imported molds. The scale of mold exports has increased year by year, while the scale of imports has decreased. According to relevant data from China Customs and Zhiyan Consulting, my country's mold export volume has shown an overall growth trend from 2012 to 2019, from US$3.731 billion in 2012 to US$6.246 billion in 2019, with a compound growth rate of 7.64%. With the increase in mold exports, my country's mold imports have decreased, from US$2.484 billion in 2012 to US$1.939 billion in 2019.
