November 29, 2023

Difficulties and opportunities in the development of the foundry machinery industry

(1) Development difficulties: Competition in domestic and foreign markets is intensifying. With the recovery of domestic and foreign market demand, China's foundry machinery industry will face more intense market competition. On the one hand, in the domestic market, competition among domestic foundry machinery companies will become more intense, and price wars, quality wars, and service wars will continue to escalate. On the other hand, in the international market, foreign foundry machinery companies will increase their attacks on the Chinese market and use their

November 29, 2023

Output Development Trend of Foundry Machinery Industry

In 2023, China's foundry machinery industry has experienced the impact and recovery of the COVID-19 epidemic. Output has basically maintained a growth trend and market demand has rebounded. However, it still faces problems such as intensified domestic and foreign market competition, increased environmental pressure, and insufficient technological innovation. China's foundry machinery output in 2022 will be 45,000 units, a year-on-year increase of 5.9%. Among the

November 29, 2023

Development Trend of Casting Machinery Import and Export

China's total import and export of foundry machinery in 2022 will be US$560 million, a year-on-year increase of 8.4%. Among them, the export volume was US$390 million, a year-on-year increase of 9.8%; the import volume was US$170 million, a year-on-year increase of 5.6%; the trade surplus was US$220 million, a year-on-year increase of 12.8%. China's total import and export of foundry machinery will continue to maintain a growth trend in 2023, and is expected to reach US$610 million, a year-on-year increase of 8.9