|Title:||China annual imports and exports of bottle-grade PET in tons for 2008 to 2010|
|Source:||China Chemical Reporter|
Start of full article - but without data
Imports and exports of bottle-grade PET chips in China
Year Import volume Export volume
2008 XX XXX 2009 XX XXX 2010 XX XXX
Capacity grows fast
The international bottle-grade polyester (PET) market started to form in the late 1970s. Although China's bottle-grade PET industry began in the late 1980s, it has developed very fast. In 1990, the production capacity of botlle-grade PET in China was only XX XXX t/a. In 1999, it reached nearly XXX XXX t/a. After 2000, due to the rapid growth of the beverage industry, PET bottles have increasingly widely replaced traditional packaging materials, making bottle-grade PET in short supply. This attracted a large amount of investment, causing the rapid growth of bottle-grade PET capacity. By 2002, the capacity of bottle-grade PET in China reached X.X million t/a, and the country could basically be self-sufficient in this product. By 2010, the capacity reached X.XX million t/a. From 2002 to 2010, its annual growth rate was XX.X% on average, far higher than Asian or global capacity growth. In 2010, the output of bottle-grade PET chips in China was X.X million tons. The capacity expansion of bottle-grade PET is much faster than the market demand growth in China, making the market rapidly leap from the basic supply and demand balance into oversupply and the economic efficiency of producers decrease substantially. Major bottle-grade PET producers in China in 2010 are shown in Table X.
Table X Major bottle-grade PET producers in China in 2010
Producer Capacity (kt/a)
Jiangsu Sanfangxiang Group Co Ltd XXXX
Changzhou Huarun Composite Materials Co Ltd XXX
Sinopee Yizheng Chemical Fiber Co Ltd XXX
Jiangyin Chenggao Packing Material Co Ltd XXX
Zhejiang Hengyi Group Co Ltd XXX
Ningbo SK Zhenbang Chemicals Co Ltd XXX
Zhejiang Wankai New Materials Co Ltd XXX
Far Eastern Industries (Shanghai) Co Ltd XXX
Dragon Special Resin (Xiamen) Co Ltd XXX
Hainan Shengzhiye High-tech Inc XXX
Guangzhou Pan Asia PET Co Ltd XXX
Zhuhai Yuhua PET Co Ltd XXX
Kaiping Chunhui Co Ltd XXX
Wuliangye Group Push Co Ltd XXX
PetroChina Liaoyang Petrochemical Company XXX
Xinjiang Blue Ridge Tunhe Chemical Co Ltd XX
In terms of production distribution, Jiangsu province, Zhejiang province and Shanghai are key areas for the production of bottle-grade PET chips in China, followed by Guangdong province and Hainan province. As of the end of 2010, the capacity of the five provinces was X.XX million t/a, XX XXX t/a, XXX XXX t/a, XXX XXX t/a and XXX XXX t/a, accounting for XX%, XX%, XX%, X% and X% of the national total, respectively. Their combined capacity reached X.XX million t/a, accounting for XX.X% of the national total.
As they are optimistic about the market prospects of bottle-grade PET, many Chinese companies are now building or expanding bottle-grade PET plants. It is expected that in 2011, the new capacity of bottle-grade PET chips in China may reach X.X million t/a, and the total capacity may exceed X million t/a; and in 2012, the new capacity will reach X.X million t/a, and the total capacity may exceed X million t/a.
Exports are far greater than imports
At present, China's output of bottle-grade PET chips can fully satisfy the domestic demand, and a large amount is also for exports. However, with the commissioning of more than X million t/a additional capacity in the next X to X years, China's bottle-grade PET chip market will fall into oversupply.
Since 2002, China has gradually shifted from a net importer of bottle-grade PET chips into a net exporter and rapidly grown into one of the world's major exporters in a short time. With the increasing oversupply of bottle-grade PET chips, Chinese players gradually focus on oversea markets. Since 2006, the import of some special bottle-grade PET chips has increased in China, but compared with export growth, the import growth is still very slow. At present, the imports of bottle-grade PET chips in China mainly come from Chinese Taiwan province, Korea, Malaysia and Japan.
In 2008, China imported XX XXX tons of bottle-grade PET chips and exported XXX XXX tons; in 2009, it imported XX XXX tons and exported XXX XXX tons; and in 2010, it imported XX XXX tons and exported XXX XXX tons, as shown in Table X.
Table X Imports and exports of bottle-grade PET chips in China
Year Import volume Export volume
2008 XX XXX 2009 XX XXX 2010 XX XXX
Demand prospects are optimistic
At present, China's PET beverage packaging industry is developing fast, and its demand for bottle-grade PET is rising sharply. PET bottles are widely used as the containers of carbonated drinks, mineral water, tea drinks, fruit juice, edible oil, cosmetics and beer. Bottle-grade PET products are mainly divided in the following categories: water bottles, carbonated beverage bottles, hot-fill bottles, edible oil bottles, wine bottles, seasoning packages, and food and non-food packages. Thus, the potential market space of bottle-grade PET chips is very large.
X. Beverage Packaging:
PET bottles have been successfully used in the packaging of carbonated beverages, water, tea, fruit juices and other soft drinks. Out of this application, water bottles account for about XX.X%, carbonated beverage bottles XX.X%, fruit juice bottles XX.X% and tea bottles X.X%.
In 2010, the output of soft drinks in China was about XX.X million tons, up XX.X% year on year (yoy). The output of various soft drinks all grows fast in China. In 2010, the output of bottled water was XX.X million tons, up XX.X% yoy; the output of fruit and vegetable juice was XX.XX million tons, up XX.X% yoy; the output of refined tea was X.XX million tons, up XX.X% yoy; and the output of carbonated drinks was XX.XX million tons, up X.X% yoy, indicating that the domestic demand for carbonated drinks has been saturated. In terms of growth rate, the output of bottled water grew fastest, and that of carbonated drinks grew lowest.
X. Edible oil packaging:
PET has good oil resistance and is transparent, non-toxic, tasteless and not easily broken. It also has excellent barrier to oxidation and good shelter to UV rays, so it can protect edible oil from oxidative deterioration. Thus, the demand for PET bottles for edible oil is also rising in China.
The annual consumption of edible oil has been growing rapidly in China in recent years. In 2010, it reached XX.X million tons, up X.X% yoy. In the past, most edible oil was packed with high-density polyethylene (HDPE). With the elevation of consumer awareness and the pursuit of packaging transparency and cleanliness, bottle-grade PET has been widely used in the packaging of edible oil. Currently, about XX% of edible oil in China is packed with small PET bottles, consuming about XXX XXX tons of bottle-grade PET annually. In the future, PET bottles will gradually replace HDPE bottles in the packaging of edible oil.
X. Beer packaging:
With the further improvement of PE bottles in impermeableness, toughness, UV resistance, acetaldehyde content control and recyclability, PET bottles have a huge potential for development in the field of beer packaging. Compared with traditional glass bottles, PET bottles feature light weight, good portability, high strength and excellent toughness, and they are easily produced and not easily broken, do not explode, and can save transportation costs. In 2010, China's beer output reached XX.XX million tons. If XX% to XX% of the produced bear is packed with PET bottles, X billion to X.X billion PE bottles will be needed for bear packaging annually in China, and the demand for bottle-grade PE chips in China will increase by XXX XXX to XXX XXX tons annually. At present, a few Chinese companies are developing PET beer bottles, such as Zhuhai Zhongfu Industry Co Ltd and Shanghai Zijiang Group. These companies are actively developing the injection-stretch-blow molding technology, surface coating technology and multi-layer blend and barrier technology and have produced PET beer bottles and achieved remarkable results. In short, it is a general trend to replace glass beer bottles with PE beer bottles. The social and economic prospects of such replacement will be very significant. It can be expected that with the improvement of their production, distribution, use and recycling system, PET bottles will become the mainstream beer containers in China in the future.
X. Packaging of pesticides, pharmaceuticals and cosmetics:
As PET bottles have good moisture resistance, oxygen barrier and display functions, they will be widely used in the packaging of pesticides, pharmaceuticals and daily chemicals.
It is expected that China's annual demand for bottle-grade PET chips will grow about XX% on average in 2010 - 2015 and will exceed X million tons by 2015.