About One-third Of The Output Value And Consumption Of The Global Mold Industry Is Contributed By China

- Jun 12, 2019-

According to the China Mould Industry Association, in 2018, China exported 6.085 billion U.S. dollars, an increase of 10.8 % over the previous year, accounting for a quarter of the world's total exports of molds, and exported to about 200 countries and regions around the world. The top five export markets are the United States, Germany, Hong Kong, China, Japan and Mexico; Mold imports were $2.14 billion, up 4.3 % from a year earlier, accounting for one-eighth of global imports. The top five importing markets were Japan, South Korea, Germany, China, Taiwan, and the United States.
The mold is known as the "mother of industry." According to a study by the China Mould Industry Association, in 2018 China's consumption of 255.5 billion yuan of molds could support 28 trillion yuan of manufactured goods nationwide, which is an important part of "Made in China". It plays the role of "hero behind the scenes" from the "great power" to the improvement of people's lives. Take the automobile industry as an example, the dependence of the mold of the automobile manufacturing has exceeded 90 %, and more than 95 % of the die companies in the country involve automobile molds.
According to statistics, in recent years, China's mold companies have accelerated their "going out" and completed more than 20 related mergers and acquisitions, with a total transaction value of nearly 7 billion U.S. dollars. The main direction of mergers and acquisitions is the intelligentization, electrolysis, and lightweight of molds.