Casting mold market is extremely active and has broad development space

In recent years, China's molds have grown at an average rate of over 15%, which is more than double the average value of China's GDP. According to the “National Basic Situation of Mold Specialized Plants” compiled by the Management Committee of the China Die and Mould Industry Association, casting molds account for approximately 5% of the total output value of all kinds of molds, and the annual growth rate is as high as 25%. Luo Baihui, head of the International Die & Metals and Plastics Industry Suppliers Association, believes that the reasons for the rapid growth of the foundry mold industry are mainly the rapid development of the automobile and motorcycle industries in China and the rapid growth in the production of casting molds. As we all know, the castings have a wide range of applications, and they cover almost all industrial fields. Among them, the castings of automobile parts are ranked first in terms of their number, varieties, strict requirements, high quality, and non-ferrous metal materials. , The largest share of the entire foundry industry.

At present, China’s auto and motorcycle industry has entered a period of rapid growth, and its output has increased significantly for many years in a row, ranking first in the world, especially for cars that are closely associated with the foundry industry. The demand for precision casting molds, and therefore as an important support for the foundry industry - the casting mold industry has achieved unprecedented opportunities for development. It can be predicted that in the next few years, the production of casting molds in China will still obtain strong thrust mainly from the domestic automobile industry.

Compared with countries such as Southeast Asia and the Middle East, China's molds have advantages in terms of technology, quality and price, and their export prospects are promising. While foreign-funded enterprises enter China, the return of molds and exports will also become an important part of China's mold exports. Luo Baihui said that because China's mold production costs are much lower than foreign countries, with the improvement of mold manufacturing technology and quality, not only can reduce the import of mold, but also may gradually open up the export market, export more mold to foreign countries. During the 12th Five-Year Plan period, mold imports will continue to maintain its growth momentum in the short term, and mold exports will have great development.

In the wave of economic globalization, the international division of labor in the process of industrial development is taking shape. Based on the pressure of cost, foreign investors purchase large quantities of castings in China, and even set up casting production bases in China. It can be predicted that in the long term, China will still The company is responsible for the production of international non-ferrous metal castings and products. On the other hand, due to the unremitting efforts of mold colleagues, China's casting mold production level and ability have greatly improved, the gap between mold quality and advanced industrial countries gradually narrowed, low prices drive the sharp increase in foreign purchases, the huge demand for overseas mold market China's mold industry is booming.

The casting mold market is extremely active. With the sustained growth of China's economy, the foundry industry will maintain high growth and drive the development of the foundry mold manufacturing industry. It is expected that the overall demand for casting molds will have great room for development in the future.