Australia or the potential market for plastic products in China

[Jiuzhi Plastics News] At present, China's plastic products export pressure is still large, foreign trade development has certain difficulties, and direct trade with Japan and the EU is decreasing. For China's plastic products enterprises, it is urgent to find a market with great development potential as soon as possible. . Australia's economy is developed, products are rich, consumer demand is strong, the domestic plastics industry is slightly weak, and most plastic products rely on imports, which is undoubtedly a huge potential market for China's plastic products and plastic products machinery enterprises.
Last year, the world economy was in a downturn, market demand was sluggish, the domestic economy was down, and export pressures were high. The global economy is weak, the recovery is relatively slow and tortuous, and the downward pressure on the domestic economy is even more prominent. Therefore, foreign trade enterprises will also usher in a new normal. The overcapacity in the domestic plastics industry, insufficient investment in science and technology, weakening of innovation capacity, and unreasonable structure still cause the profit of China's plastics industry to decline.
In the first two months of 2016, the export of plastic products was 34.92 billion yuan, down 11% year-on-year. Among them, the export value of primary-shaped plastics was 3.61 million tons, down 4.7% year-on-year. The export value of plastic products in March was 4.585 billion yuan, a year-on-year increase of 39.48%. According to the latest statistics, China's exports of plastic products in January-April 2016 were 3.17 million tons, a year-on-year increase of 6.7%.
As Australia's demand for environmentally friendly plastics continues to increase, so does the demand for new plastic machinery and related products. China can not only export plastic machinery with price advantage in the locality, but also provide local enterprises with equipment for processing plastics. It can also supply various plastic products produced by itself. The two complement each other and drive the development of the entire plastic products industry in Australia.

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