The Mold Industry Welcomes a Warm Spring, and Global IT Molds May Exceed $50 Billion

With the steady recovery of the world economy, the IT information industry began to emerge from the trough in 2010, and the electronic information product market entered a comprehensive recovery channel; The trend of corporate mergers and acquisitions and transformation is evident, and new business areas are constantly being explored; With further deepening of information technology applications and richer innovation connotations, it is expected that the IT mold industry will usher in a "warm spring" of development in 2011. In the next five years, the IT electronic products and downstream mold market will continue to maintain a stable development trend, and the scale of the IT mold industry will exceed 50 billion US dollars.

Manufacturing industry recovery: Global IT mold costs $50 billion

The international financial crisis that broke out in 2008 had a huge impact on the world's electronic product manufacturing industry, directly leading to a rapid decline in the production and sales value of the world's electronic product manufacturing industry in 2009. According to Luo Baihui, the head of the International Mold and Hardware Plastic Industry Suppliers Association, the production and sales scale of the world's IT manufacturing industry decreased by about 8% in 2009, falling to a 10-year low. In the past two years, with the introduction of large-scale economic stimulus policies in various countries, the world's IT electronics market has gradually recovered, and the production and sales scale of electronic products has begun to rise. In 2010, the world's electronic product production and sales value reached 1.65 trillion US dollars. According to the 1:100 driving effect of the mold industry, the global IT mold output value reached 16.5 billion US dollars. It is expected that the IT electronics and downstream mold markets will continue to maintain a stable development trend in the next five years, and the scale of the IT mold industry will exceed 50 billion US dollars.

In 2010, the world economy steadily recovered, with developing countries and some emerging economies experiencing much stronger recovery than developed countries, playing a significant role in driving the recovery of the world economy. According to Luo Baihui's analysis, the main reason is that many developing countries had a good macroeconomic foundation and sufficient policy buffers before the international financial crisis. The proactive stimulus policies adopted in the face of the crisis effectively promoted domestic demand growth and eased external shocks.

In 2010, the output value of electronic products in most countries and regions in the world fully recovered and increased. The output growth rate of Asia Pacific and emerging economies in 2010 was much higher than that of developed countries, with growth rates mostly reaching double digits in 2010. China still ranks first in terms of growth rate, with a production value of 484.15 billion US dollars in 2010, an increase of 18% over the previous year. South Korea ranks second in terms of growth rate, reaching 14.46%. Singapore, Mexico, and Malaysia have growth rates of around 12%, while Brazil has also reached 9.76%. Among them, Malaysia's output value grew significantly, recovering from a decline of 18.03% in 2009 to a growth of 12.34% in 2010. The growth rates of the United States, Japan, and Germany were 3.28%, 5.29%, and 0.69%, respectively.

In 2010, the global electronic product market generally rebounded. The United States of America remains the largest electronic product market globally, with a growth rate of 4.69% in 2010, up from a decrease of 5.01% the previous year. The growth of the electronic product market in Western European countries is weak, with Germany and France growing by 0.69% and 0.89% respectively, while the UK is still in negative growth, down 0.51%. The electronic product market in emerging economies is growing rapidly, especially in China with a growth rate of 14.89%, followed by Mexico, Brazil, and South Korea, all with market growth rates exceeding 10%.

From the perspective of the production and sales of classified electronic products, in 2010, except for the output value of office equipment, the production and sales of all electronic products achieved positive growth. Among them, electronic components saw the fastest growth in output value, increasing by 13% compared to the previous year, followed by electronic data processing equipment and consumer electronics products, increasing by 11.5% and 8.8% respectively compared to the previous year. In terms of sales in the electronic product market, electronic components also grew rapidly, with a growth rate of 13.4%, followed by wireless communication equipment and electronic data processing equipment, which increased by 5.3% and 4.9% respectively compared to the previous year. Electronic components became the forefront of production and sales growth in 2010, mainly due to the strong rebound of the global semiconductor chip market. According to market consulting firm Gartner, the global semiconductor market growth rate reached 30% in 2010. Driven by smart phones and mobile Internet devices, the growth of production and sales of wireless communication products is far greater than that of telecommunications products.

The electronic components have the largest market share among various electronic products, followed by electronic data processing equipment, communication products, and consumer electronics products, with market shares of 30%, 27%, 21%, and 9%, respectively.