The plastics industry: Improving the quality of products to expand market

According to data from the General Department of Vietnam Customs show that from the beginning of the year until the end of the month 5/2013, exports of plastics has grossed 706.4 million dollars, up 12.23% compared with the same period in 2012 .

TOP 10 markets to import plastic products, plastic bags from Vietnam are Japan, Germany, Britain, the Netherlands, Cambodia, France, Italy and Sweden. By this time, there were 9/10 market turnover reached over $ 1 million.

First 5 months of 2013, export growth of Vietnam's plastics markets have slowed but still achieve satisfactory turnover. In particular, exports to the Japanese market reached 163.6 million, an increase of 17.77% - the market is considered one of Vietnam's plastics industry. Next, the United States ranked second with 76.6 million, Cambodia 3rd market, turnover of 60.1 million. In addition to the above three major markets Vietnam also exported to markets such as Germany (44.1 million); Netherlands (35.3 million); English (32.7 million); Indonesia 27.9 million) ...

Notably, exports to the Russian market turnover but only $ 4.7 million, but the market has strong growth, increased 221.17% over the same period last year.

To date Vietnam plastic products exported are quite diverse, ranging from plastic bags, plastic products used in packaging and transportation, industrial plastic products, plastic household products ... Particularly plastic bags of Vietnam has been in nearly 60 markets around the world.

Statistics TOP 10 import and export market of Vietnam plastic products 5 May 2013

Unit: USD

 

KNXK 5T/2013

KNXK 5T/2012

% so sánh

Tổng KN

706.468.326

629.467.006

12,23

Nhật Bản

163.631.950

138.942.790

17,77

Hoa Kỳ

76.663.619

65.906.244

16,32

Cămpuchia

60.186.212

35.995.617

67,20

Đức

44.195.378

42.154.838

4,84

Hà Lan

35.322.105

34.403.024

2,67

Anh

32.735.553

30.006.384

9,10

Indonesia

27.910.951

32.049.561

-12,91

Malaixia

19.562.290

18.538.015

5,53

Thái Lan

17.034.741

30.365.278

-43,90

Hàn Quốc

16.881.855

12.345.593

36,74

(Data source: GDC Vietnam)

According VTIC, current demand of plastic products worldwide is growing, especially in the Southeast Asian market, is expected to reach $ 100 billion per year. To seize this opportunity, domestic plastic industry to improve and better compete with China plastics and India. In Europe, demand for plastic products in Vietnam, especially the pipe is high. It is estimated that the EU market will consume about 275 million plastic products this year, up 36.5% over last year. The export turnover of Vietnam plastic industry in 2013 is expected to have an average growth rate of 11 to 13.5% compared to 2012, reaching $ 2.2 billion.

Regarding market opportunities, according to the technique Vietnam, forecast in the next few months, exports goods of plastic products to the market will return to growth, such as the Japanese market demand due date The higher high, 5 months, though exports of plastic products to India just reached over 5 million but India is considered as a potential market and promising export plastic products for Vietnam in future. The reason is that the use of plastic products in the industry of India is expanding demand for packaging increased, the explosion of infrastructure, agricultural modernization, increasing disposable income and the concentration of population in urban areas ... the demand for plastic products industry and consumers increased. Or as Cambodia 10 years ago as the market for plastic goods, now Thailand Vietnam rose to dominate. Forecast exports products to market Cambodia plastic bags will also increase demand for plastic products of this large market.

In 10 years, exports of plastic products in Vietnam continuous positive growth, competitiveness is increasingly high and is one of 10 state sector development priorities. Yet today, the plastics are still heavily dependent on imported raw materials. Meanwhile, input costs continued to increase, due to competitive factors, the products can not increase production costs, making more difficult now to capital, especially small and medium enterprises. Turnover from exports of these products despite good growth but in fact, profits are not adequate ...