In Jan.-Nov. 2014, coating output in China
reached about14.87 million tonnes with a YoY growth rate of 8.05%. It is worth
mentioning that this output has already surpassed the total output in the whole
year of 2013. Thereinto, coating output from enterprises with revenue from
major businesses reaching USD3.27 million (RMB20 million) was about 13.03
million tonnes.
To be more specific, Guangdong Province
still enjoyed the biggest coating output, reaching about 3 million tonnes with
a YoY growth rate of 6.83%. Shanghai followed Guangdong Province with an output
of 1.72 million tonnes, up 11.63% year on year. It is obvious that the growth
rate of Shanghai was higher than that of Guangdong Province. Jiangsu Province had
an output of 1.67 million tonnes, increasing by 4.99% year on year and Hunan
Province’s output reached 1.13 million tonnes.
The output of these four provinces
accounted for 50.59% of the total. Other provinces with outstanding output in
proper order were Shandong, Sichuan, Henan, Hebei and Zhejiang. Their total
output exceeded 750,000 tonnes.
According to the output in Jan.-Nov. 2014,
it is predicted that the total coating output in the whole year would surpass
15 million tonnes with a YoY increase rate of 15%. What’s more, it is possible
that the whole-year output may reach 16 million with a YoY increase rate of
over 20%, much higher than the growth rate of 3.60% in 2013. In 2014, the
development of the coating industry faced with many predicaments. Though in
such circumstances, the coating output still can have such a growth rate,
showing an omen of rapid rebound, which also means that there is still enough
space for exploitation in the coating market.
However, enterprises and distributors
disclosed that the sliding profit became a big problem in the coating industry.
So how to increase profits while the output mounts will become a common
challenge for the industry in next year and for some time to come.
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