Wang Xiaofeng, sales manager of international trade department, Fujian Billion Polymerization Fiber Technology Industry Co., Ltd., delivered his report of New Patterns, Challenges, and Future Outlook for the Global PET Bottle Chip Market

Part One: Overview of the Global and Chinese Markets

Mr. Wang emphasizes that in 2023, global PET bottle chip production capacity saw significant growth, with China playing a leading role in both capacity and exports. The global capacity utilization rate exhibits fluctuations. China's OET bottle chip production capacity and output have increased substantially, with a high concentration of domestic manufacturers, making China a key participant in the global PET bottle chip market.

Part Two: Trade Dynamics and Challenges

Mr. Wang mentions that several countries and regions have implemented anti-dumping and countervailing measures against Chinese PET bottle chip. These trade barriers have created pressure on exports and forced shifts in trade flows. Despite these challenges, overseas demand for Chinese PET bottle chips remains strong, and the characteristics of the export market for Chinese PET bottle chips are relatively dispersed.

Part Three: Economic Factors Impact

Mr. Wang believes that fluctuations in exchange rates and rising shipping costs have significantly impacted PET bottle chip trade. Changes in exchange rates affect export price competitiveness, while increases in shipping costs raise trade expenses.