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Home  > Markets & companies  > Raw materials market  > Q1 2009: China’s synthetic resin output wa...

Wednesday, 18 September 2019
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Markets & companies, Raw materials market

Q1 2009: China’s synthetic resin output was down 2.5%

Friday, 30 October 2009

Exports of synthetic resins were 567,000 tons, down 40.5% year-on-year.

China has become one of the world’s major synthetic resin producers. Source: Frank Eckgold - Fotolia.com

China has become one of the world’s major synthetic resin producers. Source: Frank Eckgold - Fotolia.com

In 2008, China synthetic resin output amounted to 31.296 million tons, and the figure in H1 2009 was 16.473 million tons. According to Research and Markets, China has become one of the world’s major synthetic resin producers. In the first half of 2009, the synthetic resin industry still hovered low; and got impacted by the imports, the industry development continued to be in the downturn. During Jan-Apr of 2009, the synthetic resin output was 10.729 million tons, down 2.5% year-on-year, and its exports were 567,000 tons, down 40.5% year-on-year. Currently, China synthetic resin industry is facing both opportunities and challenges. With the issuing of a series of economic stimulation plans by the government, the economic situation will turn better in H2 2009 and the downstream demand of synthetic resin industry will rebound.

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