Most high-end plastic machinery needs to be imported

China's plastics machinery industry has an annual production capacity of around 200,000 sets, ranking first globally in terms of total volume. Despite this impressive figure, the industry still faces a significant challenge: over 60% of high-end plastic machinery products are imported. This gap highlights the current situation in China’s plastics machinery sector, where domestic manufacturers struggle to compete with foreign counterparts in advanced technology and precision. According to recent statistics, the industry has been growing rapidly, with an annual growth rate of approximately 30%. The product range is comprehensive, covering a wide variety of machines that serve different applications. Within the broader machinery industry, plastics machinery has shown strong performance, with key economic indicators placing it among the top sectors. It is one of the fastest-growing industries in China's manufacturing landscape. However, despite this progress, there remains a substantial market gap of about 10 billion yuan each year. This is largely due to the fact that China continues to rely heavily on imports for high-end equipment. Domestic exports mainly consist of low-end machinery, which accounts for over 90% of total exports. Meanwhile, the demand for advanced, high-precision machines is met almost entirely by foreign suppliers. Each year, China imports tens of thousands of plastic machines, many of which are high-precision presses. These imported machines often come with significantly higher unit prices—sometimes several times or even more than ten times that of domestic models. Due to limitations in efficiency, accuracy, and stability, Chinese-made machines find it difficult to compete with Japanese and European imports, especially in large-scale, high-speed, and specialized applications. In 2005, China's plastics production experienced a negative growth of 5.39%, reflecting some challenges in the sector. Currently, about 60% of the roughly 20,000 presses imported annually are precision injection molding machines. Additionally, in the field of multi-layer co-extrusion machines, Chinese manufacturers still lag behind their international competitors in terms of layer thickness control technology. This imbalance between domestic production and import dependency shows that while China's plastics machinery industry is growing fast, it still needs to invest more in R&D and technological innovation to close the gap with global leaders.

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