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The scale and international status of China's plastic industry!

Market development characteristics

Output growth and fluctuations: The output of China's plastic industry has generally shown an upward trend, with an average annual growth rate of over 5.14% from 2020 to 2024. In 2024, except for significant fluctuations in output at the beginning of the year, the subsequent trend gradually stabilized, with a notable increase in output in the second half of the year.

Enterprise scale and concentration: The number of large-scale enterprises has increased, reaching 22,946 in the first three quarters of 2024. The industry concentration has further increased, but the main players in the industry are small and medium-sized enterprises, and their comprehensive development capabilities and overall competitiveness need to be improved.

Import and export trade: China is a major exporter of plastics, with an export value of 78.021 billion US dollars in the first three quarters of 2024. Despite facing problems such as the contraction of international market demand, exports remain resilient. From January to November 2024, the export value of plastic products was 9.21 billion US dollars, increasing by 3.8% year-on-year. The import value was 1.43 billion US dollars, rising by 0.2% year-on-year