Jan-Apr Plastic Products Export Analysis
China is the world’s largest producer and consumer of plastic products. In 2020, affected by the global epidemic, the environment of the plastic products industry was complicated. Externally, the global logistics chain was blocked, and crude oil prices fluctuated. And there was other force majeure. Internally, there was the impact of the enhanced plastic restriction order.
However, this is both a challenge and an opportunity. With China’s effective control of the epidemic in the later period, China took the lead in getting rid of the downturn, while the uncertainty of the epidemic in Europe and the U.S. has caused orders to quickly return to China. The production and operation of Chinese enterprises have continued to recover steadily, and the export volume of plastic products has increased instead of dropping. As shown in the blow chart, the export value of plastic products from January to February 2021 was $13,965.5 million, an increase of 82.5% Y-O-Y.
2020-2021 China Plastic Export Value and Growth Rate
With the gradual control of the global epidemic, the resumption of work and production in foreign countries has brought intensified competition.
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