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Mainland Market Severely Hit The Taiwan Presses Industry
- Nov 29, 2017 -

As the largest export market for Taiwan presses, the land area plunged 37% in 2015.

Taiwan's total export volume of presses has slipped more than 10% since early 2015. However, there has been a marked increase in exports to the U.S. market, attributed to the sustained development of the local manufacturing industry.

At a press conference on the day of the opening of the Taipei International Plastic & Rubber Industry Exhibition, industry officials released statistical data on Taiwan's press industry.

Exports of plastics and rubber machinery dropped by more than 10% to $ 1.12 billion in 2015, and the downward trend continued in the first half of this year and further a 11% decline on the basis of 2015.

However, industry officials think the market is beginning to turn around.

Alan Wang, chairman of the Taiwan Machinery Association's Plastic Machinery Committee, said the industry is expected to resume growth in the second half of this year, based on recent orders.

In addition to declining exports to the mainland, Taiwan's press industry has also been negatively affected by its key customer base, Taiwan's electronics and computer manufacturing industries.

Industry High eE7% AM said that Taiwanese manufacturers have been trying to diversify to other markets, including Southeast Asia. Vietnam is Taiwan's second largest export market for presses, with shipments up 14% in 2015 to $ 122 million.

Larry Wei, chairman of Taiwan's blow molding equipment maker Fong Kee International Machinery Co., Ltd., said the United States is the third largest export market for Taiwan presses and has a good future.

"This not only shows that the U.S. economy is improving, but also shows the improvement in quality and function of plastic and rubber machinery in Taiwan," he said at a press conference.

Taiwan's presses exported to the United States jumped 67% last year to $ 8350.

However, some other key markets saw a decline in sales. The fourth and fifth largest export markets in Indonesia and Thailand fell more than 8%.

"In the past two years, the global manufacturing industry has been greatly affected by the macroeconomic environment," said Michael Wang, Chenuxiong Taiwan's vice chairman of the Taiwan Machinery Association's Plastics and Rubber Committee. "The money market has also become very volatile, all of which have had a significant impact on Taiwan's plastics and rubber machinery industry."

According to statistics, Taiwan is the sixth largest exporter of plastics and rubber machinery in the world, second only to Germany, China, Italy, Japan and the United States.


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