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The plastics industry - difficult and favorable

According to statistics, an estimated export value of plastic products in 2/2009 reached 60 million, up 14% compared with 01/2009 and up 29% compared to May 02/2008. As of the first 2 months of 2009 reached 120 million, down 2.08% compared to the same period of 2008 Plastic products are exported to our country 30 countries and territories. In which country is the highest market share in Japan, US, EU ...

 

According to the statistics agency of the United Nations (Comtrade), but is entering a difficult period, but the plastic products of Vietnam still has many advantages compared to other plastics exporter. Plastic items of Vietnam have the ability to penetrate the market is relatively good, be evaluated with high competitiveness, the logistical acumen with modern production technology.

Previously, it comes to plastic products, importers are thinking about China, but in recent times to shift to Vietnam because not want to depend on one country. This is the golden opportunity for the domestic plastic industry for the large market like the US, Japan, EU ...

The biggest shortcomings of the current plastic industry is not meet large orders, with diverse product categories. However, if you solve the problem of input materials, meet large orders, the plastics industry is capable of large-scale exports due to the global demand for commodities is still very high. In the past 3 years, as commodity plastics speed fastest export growth of Vietnam, the new growth of over 30% / year.

In 2009, businesses will continue to stick to the traditional export markets. In addition, the domestic market is a fertile ground for so long that local businesses often neglect this will be actively exploited, to be able to dominate and minimize the penetration of plastic goods from special foreign influx of Chinese goods.

However, difficulties due to material depends on the selling price of the business to Vietnam is always higher than that of China, India, 10-15%. End of 2008, enterprises had to import plastic more than 1.7 million tons of material with nearly $ 3 billion. This suggests that although the domestic plastic items have good growth on the international market but also a lack of competition.

The situation of raw material price fluctuations, particularly the financial crisis of late 2008 has affected the security activities and business of plastic now. Currently, most businesses are required plastic manufacturing downsizing, layoffs (10% average industrial), tighten management ... Even some companies forced into bankruptcy due to unforeseen raw material prices plummeted from $ 2,000 / tonne to 800 USD / ton.

In addition to the positive factors, the adverse effects of the global financial crisis, particularly the shifting trends in the production of world plastics market. Show packaging accounts for over 70% of the total value of exports of plastics. But the car industry is facing the risk of "freezing", in some imported packaging market Vietnam as the US, Japan ... businesses are shrinking manufacturing plastic products for industry redirecting cars and the production of packaging products for consumer and food service. This will be a challenge for companies in the field of packaging.

On the other hand, in difficult economic times, to protect domestic enterprises, many countries would consider erected technical barriers such as the application of technical standards for the quality of imported products export and import taxes, anti-dumping ... to protect domestic production.

With the plastic industry, the difficulty is not far away but the competition from the Chinese plastics business. In recent years, China's plastic industry has strong breakout. Chinese enterprises have close links when ready to invest in a business with full financial potential to represent thousands of businesses to negotiate raw material purchase price is very cheap, then the distribution back to business. In Vietnam, by contrast, from the stage of the search, purchase of raw materials to production, distribution, enterprises themselves.

In 2009, enterprises should pay attention to plastic negative impacts affecting export capacity. It's likely cash flow of each business in the manufacturing process as well as the new trends of the market shifting world detrimental to export plastic business.

Therefore, in the present moment plastics businesses should take advantage of opportunities to invest in innovative equipment, engineering and advanced technology. Besides, enterprises should closely associated as willing to invest in a business with full financial potential to represent thousands of businesses to negotiate to buy raw materials at low prices, then the distribution back to business.

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