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About one-third of the global mold industry's output and consumption are contributed by China

Author:zerostart-tool Date:2023-07-27 Reading:155

China's mold exports reached 6.085 billion US dollars, an increase of 10.8% compared to the previous year, accounting for a quarter of the total global mold exports. Exports have spread to about 200 countries and regions worldwide, with the top five export markets being the United States, Germany, Hong Kong, Japan, and Mexico; The import of moulds was 2.14 billion US dollars, up 4.3% year on year, accounting for one eighth of the total import of moulds in the world. The top five import markets were Japan, South Korea, Germany, Taiwan, China and the United States in turn.

About one-third of the global mold industry's output and consumption are contributed by China

Mold is known as the "mother of industry". According to research by the China Mold Industry Association, the consumption of 555.5 billion yuan in Chinese molds in 2021 can support 28 trillion yuan of industrial manufactured goods nationwide. It is an important component of "Made in China" and plays a role as a "behind the scenes hero" from being a "major tool" to improving people's lives. Taking the automotive industry as an example, the dependency of automotive manufacturing molds has exceeded 90%, and over 95% of mold enterprises in the country are involved in automotive molds.

According to statistics, in recent years, Chinese mold enterprises have accelerated their "going global" efforts, completing over 20 related mergers and acquisitions with a transaction amount of nearly 7 billion US dollars. The main direction of mergers and acquisitions is the intelligence, electrification, and lightweight of molds.


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