Analysis of the Supply and Demand Status and Import and Export of China’s Polycarbonate Industry Market

May 22, 2023

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In recent years, with the construction of polycarbonate production projects and the significant improvement of polycarbonate production technology in China, the production capacity of domestic polycarbonate has been greatly increased, and the polycarbonate industry in China has ushered in new development opportunities. Overall, the production capacity of polycarbonate in China has been steadily increasing from 2017 to 2022. In 2017, the production capacity of polycarbonate was 945000 tons, and in 2022, the production capacity of polycarbonate increased to 3.2 million tons, an increase of 29.6% compared to the same period in 2021.

From 2017 to 2022, with the increasing apparent demand for polycarbonate in China, the production of polycarbonate in China has also continued to expand. There is a certain gap between production and apparent demand, and a large part of the demand gap still needs to rely on imports. In 2017, the apparent demand for polycarbonate in China was 1.727 million tons, with a production capacity of 630000 tons. In 2022, the apparent demand expanded to 2.875 million tons, with a production growth of 1.78 million tons, an increase of 36.9% compared to the same period in 2021. It can be seen that there is significant market space for the development of the polycarbonate industry in the future.

With the development of the economy and the increase in energy conservation and emission reduction efforts, the demand for polycarbonate will further increase in the future. Overall, during the period from 2017 to 2022, the import quantity of polycarbonate in China first increased and then decreased, while the export quantity first decreased and then increased. The import quantity far exceeded the export quantity.

Although foreign technology monopolies have been broken, it still relies heavily on imports. The import quantity of polycarbonate in 2017 was 1.3851 million tons. In 2020, the import quantity increased to 1.63 million tons, and in 2022, it decreased to 1.3861 million tons. The export quantity of polycarbonate in 2017 was 288200 tons. In 2020, the export quantity decreased to 251200 tons, and in 2022, it rebounded to 290900 tons.

The import and export amount of polycarbonate in China showed slight fluctuations from 2017 to 2022. In 2017, the import amount of polycarbonate was 4.052 billion US dollars, and the export amount was 799 million US dollars; In 2020, affected by the COVID-19, the import and export amount dropped to the lowest level in recent years, with the import amount of US $3.637 billion and the export amount of US $631 million; In 2022, the import and export value of polycarbonate rebounded to 4.02 billion US dollars and 935 million US dollars respectively.

According to customs statistics, in 2022, China’s polycarbonate imports will mainly come from Taiwan, China, South Korea, Thailand and Japan, accounting for 65% of China’s polycarbonate imports, of which the import amount of polycarbonate imported from Taiwan, China is 944 million dollars, accounting for 23.5% of China’s total polycarbonate imports; Next is South Korea, with imports reaching 729 million US dollars, accounting for 18.1% of the total imports;

Once again, Thailand and Japan, with import amounts of 544 million US dollars and 417 million US dollars, accounting for 13.5% and 10.4% respectively. From the perspective of China’s polycarbonate export destinations, most of them are concentrated in East Asia, South Asia, Southeast Asia and other regions. The export destinations are mainly Taiwan, China, Vietnam and Hong Kong, China, with the export amount reaching US $134 million, US $132 million and US $108 million respectively.