How to Deal with the Rise of Plastic Industry in Southeast Asia in China

Release date:2019-09-30 10:36
Speaking of the plastic industry in Southeast Asia, the word "rise" is used to describe the plastic industry in China. From the overall economic level, Southeast Asia is still at a relatively low level, far less than China, but Vietnam, China, ASEAN and other ASEAN countries have gradually developed their own advantages in the plastics industry. In recent years, they have developed very rapidly and have been catching up with China's momentum.

The growth rate of GDP in Vietnam, Philippines, Malaysia, Thailand and other ASEAN countries has been closely followed by China in the past few years, and the population is large. It is a large populous country with a large market and abundant labor force. In addition, it is also the origin of a variety of plastic raw materials, which has advantages in the development of plastic industry. Some economists predict that ASEAN, such as Vietnam, Philippines, Burma, Laos and Kampuchea will eventually replace China and become a new "world factory".

According to Jinyang plastic analysis of the economic structure of ASEAN countries, the plastics industry has always been its pillar. In recent years, China's plastics industry has been on the doldrums year after year.

China's plastics industry has a wider market, and its products gradually penetrate into the markets of Europe and the Americas. It has become the representative of "made in China". But in recent years, the United States, the European Union and other economically developed countries are constantly formulating and revising their existing plastic safety and environmental standards, which undoubtedly raises the threshold for the export of plastic shoes in China. On the other hand, the development of plastic enterprises is slow. At the same time, with the increase of labor costs, land and other production costs and RMB appreciation in recent years, China's advantages in plastic products are constantly being weakened, and the track of history is strikingly similar. The plastic shoe industry is transferring to new East Asian new economies.

Jinyang Plastic Factory believes that although Southeast Asian countries have cost advantages, the supply chain there is not fully mature. If plastic products are produced in Southeast Asia, it will inevitably need to invest in new hardware equipment. These are additional costs. Secondly, the processing level of workers in Southeast Asia is still relatively low. Over-investment in Southeast Asia will inevitably increase the wages and water of workers in Southeast Asia. Ping. So now, Chinese enterprises still have advantages in terms of safety and stability in the plastics industry.

In 2016, the global economic weakness is still continuing, but the emergence of new technological revolution should be paid attention to in the export of plastic footwear products. It is the best time to restructure and adjust the industrial structure. The main export market of plastic products will still recover. Breaking through trade barriers is the key. With the adjustment of industrial structure and the transformation of economic growth mode, the core technological development capability of enterprises will be in the lead. The status will open up a new way for the sustainable development of the whole plastic shoe industry.
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