China Food Machinery castings Export Potential

China Food Machinery castings Export Potential

It is believed that the external environment of China's machinery industry has obviously improved. Generally, the development of the machinery industry is stable.

The Chinese government has launched a series of fiscal and financial policies to grant concessions to companies, especially small ones. It is trying to improve investment capacity and cross-border management, and to develop export credit insurance. The government also offers investment, operational, labor and other insurance services for companies. These are favorable conditions for further expansion of exports.

This year, the elaboration of agricultural modernization and urbanization provides a greater guarantee and space of the market for the food industry. The food industry is expected to further optimize the product structure and improve the quality of industrial development. For 2017, the production value of the Chinese food processing and packaging industry is estimated at more than 1.2 billion yuan, with an average annual growth rate of 16%. China's food machinery has great potential to export in the future. Analysts pointed out that the demands of food processing and packaging machinery in the ASEAN countries would increase further.

According to the survey statistics of 455 key enterprises that are closely related to the China Machinery Industry Federation, the food machinery industry as a whole realized an output value of 10.19 million yuan in 2013 , increasing 21%. The sale value reached 9.575 billion yuan, growing 19.5%. 0.9432 billion yuan were exported.

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