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Market status, import and export situation, market scale and development trend of Chinas casting industry in 2020

2020-11-11

In June 2020, China Foundry Association released the data of China foundry industry in 2019. First of all, from the perspective of China's casting output, due to the rapid development of China's industry, the rapid development of emerging industries such as equipment manufacturing industry has brought strong industry demand for China's casting industry, driving the continuous improvement of industry output.

From 2013 to 2019, the overall output of castings in China presents a fluctuating trend. Among them, China's production of various types of castings in 2019 was 48.75 million tons, with a year-on-year decrease of 1.2%. But on the whole, the industry output is at a high level

According to the distribution of casting output of different materials, gray cast iron still occupies the main position, accounting for 41.85%. It is worth noting that in 2019, the output of steel castings will reach 5.9 million tons, accounting for 12.1% of the total output, an increase of 0.45% compared with that in 2018, which is mainly driven by the rapid development of downstream rail transit, construction machinery, mining and metallurgy heavy machinery and other industries. In addition, the output of ductile iron and aluminum (magnesium) alloy will decline in 2019, which is mainly affected by the decline of automobile industry


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