Plastic injection molding machine/equipment accounts for the largest share in the total output of plastic processing machinery, at 40% in China and 50-80% in Germany, Japan and the USA -as per Research and Markets. The global plastic injection molding machine market has developed at an annual average rate of 3.5% in recent years with the output in 2006 reaching 91,480 and in 2007 hitting approximate 97,250. However, the output experienced continuous downslide in both 2008 and 2009 by 10% and 5% respectively because of global financial crisis. In 2009, the domestic demand market of plastic injection molding machine in China grew steadily yet, the output was increased by 9.2% and the sales volume was raised by 9.0%. The major reasons can be divided as follows:
The market slowed down in 2008 and the cardinal number of the industry was relatively low;
The demand of downstream industries such as building materials, home appliances and electronic communication was on the increase;
Chinese government adopted a series of significant measures like domestic demand expansion, economic development promotion, industrial revitalization planning, etc.;
The nation practiced value added tax reform so as to encourage the equipment investment of enterprises.
On the contrary, the import & export market of Chinese plastic injection molding machine in 2009 was not so optimistic, the import and export volumes throughout the year were declined by 49.1% and 39.3%, respectively