Channel: Country outlook
China: glass industry market 2011

2012-08-06 | Country outlook

One of the fastest global markets in all sectors, this article gives us an idea of the glass industry in China, looking at the various sectors, and concentrating more in detail on hollow glass. Products, machinery used for their manufacture, along with the sectors they are used in, are discussed. Companies involved are also presented.

Daily-use glass in China includes container glass, tableware glass, and insulated containers
Economic overview
In 2010, despite the global adverse economic environment, along with a serious natural disaster, China’s economy saw positive results, with GDP up 10.3 per cent.
Industry production was also up 15.7 per cent; with domestic-owned enterprises increasing 9.4 per cent, collective enterprises up 9.4 per cent, share enterprises 16.8 per cent, foreign capital enterprises 14.5 per cent; heavy industry 16.5 per cent, light industry 13.6 per cent.
Investments also maintained growth, and investment structure improved. In 2010, total investments on fixed assets reached CNY 27814 billion, an increase of 23.8 per cent. For the total year, investments in real estate development reached CNY 4826.7 billion, increasing 33.2 per cent.
Total imports and exports increase rapidly, while trade surplus decreased. In 2010, the total amount of imports and exports reached USD 2972.8 billion, 34.7 per cent more than the previous year.

Market environment
Due to the worldwide economic crisis in 2009, the export of glass decreased 40 per cent compared to the same period of the previous year, and development of the glass industry also slowed down. However, the glass industry recovered rapidly from the beginning of the year 2010. As a consequence, exportation extended, and prices went up.

Glass production sector

As a key sector fuelling numerous growth industries and development aspects of the Chinese economy, the glass production sector has enjoyed unchecked growth, where China has established i...









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Article taken from Glass Machinery Plants & Accessories bi-monthly magazine (6 issues per year)
Year: 2012 number: 2
Check out Glass Machinery Plants & Accessories magazine

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