Asian mold industry development

Entrusted by the China Die and Mould Industry Association, Comrades Cao Yanan and Li Zhigang, Executive Vice Chairman of the China Die and Mould Industry Association, attended the annual meeting of the Asian Die & Mould Industry Association Council held in Mumbai, India, from 17 to 20 March 2010. At the Asian Model Association Council meeting, the member mold association exchanged the development status of the mold industry in various countries in 2009. From the reports of mold associations in various countries, it can be known that the international financial crisis has had a great impact on the mold industry in Asian countries.

The China Die and Mould Industry Association introduced the situation of China's mold industry at the meeting. Due to the severe impact of the international financial crisis, the development speed of China's mold industry has been greatly reduced in 2009. Although the country's GDP growth has reached 8.7%, the sales of the mold industry in China has only increased slightly compared to 2008, and is approximately 98 billion. Yuan Renminbi. As China’s government has adopted a series of policies and measures to stimulate economic development in the face of the international financial crisis, China’s economy has survived the most difficult period and has maintained relatively stable development. From the second half of 2009, the production situation of the Chinese mold industry has begun to gradually improve. In our report, we pointed out that the current economic situation at home and abroad is still very complicated, the external environment is unstable and uncertain factors are increasing, and the problem of unbalanced, uncoordinated and unsustainable domestic development is still prominent. In order to cope with various risks and challenges, the Chinese government will continue to implement a proactive fiscal policy and a moderately easy monetary policy in 2010 to fully implement and continuously improve the package plan to deal with the impact of the international financial crisis. China will make further efforts to expand the domestic market, adjust its economic structure, and promote the transformation of its economic development mode. The overall development trend of China's economy will continue to be good. China's mold industry is also expected to further overcome its difficulties and achieve better development in 2010.

The Japan Die & Mold Association reported that the current industrial development environment in Japan is difficult, especially in the automotive and electronics industries, and the situation in the mold industry is also the same. In 2009, the total mold production in Japan dropped by 29.8% compared with the previous year. According to the association’s forecast, the total mold production in Japan will further decline by the end of 2010. In 2009, Japan’s mold exports decreased by 12.4% year-on-year, and mold imports decreased by 37.5%. Since 60% of mold companies serve the automotive industry, the sharp decline in the auto industry has seriously damaged the mold industry. A large number of mold companies went bankrupt due to a significant reduction in orders, and this situation continues. According to the figures in the Japan Association for Modeling, the total output value of the Japanese mold industry in 2006 was 490 billion yen. In 2007, the total output value was 480 billion yen. In 2008, the total output value was 480 billion yen. According to its report, a 29.8% year-on-year decrease, the mold output value in 2009 was 315.9 billion yen. Therefore, the report of the Japan Model Association referred to the sharp decline in its mold industry production as "diving."

In the report, the South Korea Mould and Die Association stated that the first half of 2009 was the toughest period for the Korean mold industry, and it had improved in the second half of the year. The market demand for molds had increased, and the mold business began to recover, but it has not completely shaken off the predicament. According to a survey conducted by the Korean Model Association, the number of mold companies that have decreased in production in South Korea last year was higher than the number of mold companies that have grown in production. Recently, South Korea's mold market has been struggling with low profits, mainly due to the increase in mold production costs and customer demand for lower prices. In 2008, Korea’s mold production value was 4.7 billion U.S. dollars, and the mold production value in 2009 was 4.57 billion U.S. dollars. In 2008, Korea’s mold import and export volume was US$141 million and US$1.507 billion, respectively, with a surplus of US$1.366 billion. In 2009, South Korea’s mold import and export volume was US$140 million and US$1.455 billion, respectively, with a surplus of US$1.315 billion. According to the South Korea Mould and Die Association, the mold production in South Korea is expected to grow by 6% in 2010, and exports are expected to increase by 10%. Imports will be the same as in 2009.

At the meeting, the Indian Mould Association introduced the overall development of the Indian economy and the mold industry. Over the past six years, India's GDP has grown at an average annual rate of 8.5%, maintaining a high rate of development. Due to the impact of the global economic downturn, India's GDP growth rate dropped to 7% in 2009. In response to the international financial crisis, the Indian government has taken a series of measures to stimulate economic development. In recent years, the mold industry in India has developed rapidly. In 2009, its mold industry output increased by 20%.

In 2009, the value of plastic molds in India increased by 36% to 1.12 billion U.S. dollars, and the output value of stamping dies increased by 27% to 8.3 billion U.S. dollars. Due to the rapid development of the manufacturing industry, India’s mold market demand has also rapidly expanded. In the past 10 years, India’s mold demand has grown at an average rate of 15% per year. In 2009, India’s mold imports amounted to US$1.04 billion, a year-on-year increase of 34%; exports increased by 10% year-on-year. It is expected that the demand for the Indian mold market will increase by 20% in 2010, reaching US$3.73 billion.

In the Asian Association of Molded Councils, the Mold Associations of Malaysia, the Philippines and Thailand also reported on the development of their mold industry. In general, the mold industry in most Asian countries has been affected to varying degrees by the international financial crisis. In the first half of 2009, it was the most difficult time for mold industries in Asian countries. It began to recover gradually in the second half of 2009. At the meeting, all countries are optimistic about the future development prospects of the Asian mold industry and are confident.