China's fiberglass has developed rapidly in the past few years. In 2007, it achieved the highest output and export in the world. In the past two years, it has achieved the world's first use.
Affected by the global financial crisis, the proportion and total volume of glass fiber industry exports declined. Relatively high-speed expansion, production capacity appears to exceed demand, the price is reduced, the efficiency has fallen sharply, and the average annual profit margin has dropped from 10% to 41%. The Fiberglass Mesh has also been affected.
The financial crisis has made the whole industry think about the development mode and adjust the operation and product structure, which has preliminary effects. Fiberglass Mesh Manufacturer analysis it is seen that in 2009 and 2008, when the export market reduction rate was about 20%, it won an increase of about 15% in the domestic market. The proportion of domestic self-use products increased from 42% to 52%. At the same time, the development of deep processing was accelerated, and the processing rate of China Fiberglass Mesh increased from 445% to 488%. This ensures that the industry's industrial added value and sales revenue continue to rise in the case of a slight decline in yarn production.