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The rise of the plastics industry in Southeast Asia

Speaking of the plastics industry in Southeast Asia, the term “rise” is used in the domestic plastics industry to describe it. From the perspective of the overall economic level, Southeast Asia is still at a low level, far less than China, but Vietnam, the Philippines, Malaysia, Thailand and other ASEAN countries have gradually developed their own advantages in the plastics industry. The rapidity has greatly surpassed the momentum of China.

      The annual GDP growth rate of Vietnam, the Philippines, Malaysia, Thailand and other ASEAN countries has been closely followed by China in Asia, and it has a large population. It is a large and populous country with a large market and sufficient labor. In addition, it is also the origin of a variety of plastic raw materials, and has an advantage in the development of the plastics industry. Some economists expect that ASEAN countries such as Vietnam, the Philippines, Myanmar, Laos and Cambodia will eventually replace China and become a new "world factory."

According to Jinyang Plastics' analysis of the economic structure of the ASEAN countries, the plastics industry has always been its mainstay. In recent years, China's plastics industry has been in a downturn year after year. The large plastic production bases such as Wuchuan, Pingxiang, Dongguan, Zhenjiang, Jieyang and Fuzhou have experienced large yields this year. reduce.

      Once China's plastics industry had a broader market, its products gradually entered the markets of Europe and the Americas and became the representative of "Made in China". However, in recent years, the United States, the European Union and other countries with more developed economies are constantly developing and Modifying its existing plastic safety and environmental standards has undoubtedly raised the threshold for the export of plastic shoes in China. On the other hand, the plastics enterprises themselves are slow to develop. At the same time, with the rising production costs of labor and land in China and the appreciation of the renminbi in recent years, China’s advantages in plastic products are constantly being weakened, and the historical track is strikingly similar. It is moving to a new economy in Southeast Asia.

      Jinyang Plastics Factory believes that although Southeast Asian countries have cost advantages, the supply chain there is not fully mature. If plastic products are produced in Southeast Asia, it is inevitable to invest in new hardware equipment. These are additional costs, followed by the processing of workers in Southeast Asia. The level is still relatively low. Too many companies investing in Southeast Asia will inevitably raise the level of labor wages in Southeast Asia. So now Chinese companies still have an advantage in terms of safety and stability in the plastics industry.

In 2016, the global economic weakness is still continuing, but plastic footwear export products should pay attention to the rise of the new technological revolution. It is the best time to restructure and adjust the industrial structure. The main plastic products export market will still recover, breaking the trade. Barriers are the key. With the adjustment of industrial structure and the transformation of economic growth mode, if the core technology development capability of enterprises is in a leading position, it will open up a new path for the sustainable development of the entire plastic footwear industry.


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