The results of the latest market survey released by the European Chemical Industry Association show that due to the unanimous belief that the Chinese market has huge potential for consumption of chemical products, low labor costs, and lower environmental standards than European countries, the cost advantage of the production process is significant. Therefore, European chemical companies In the past 10 years, the speed of transferring production bases to China and Asia has been greatly accelerated.
According to the European Chemical Industry Association, the European chemical companies' transfer of production bases to China and Asia is based on several considerations. First, the economic development in China and Asia is accelerating, the economic scale is expanding, and the actual demand for chemical products is greatly increased; The potential is great, especially the chemical market in China is in a stage of great development. The consumption demand for chemical products is growing rapidly. China's huge domestic demand market attracts European chemical companies. Second, Asian countries have low labor costs and have formed low-cost price competitiveness. Land use fees are also unmatched by European countries.
In addition, the current environmental standards in China and Asian countries are lower than those in Europe. In this case alone, European chemical companies can significantly reduce the cost of environmental protection facilities, which is also an important factor in low production costs. In the future, China's environmental protection standards will continue to increase, so European chemical companies want to seize the time to enter the Chinese market as soon as possible.
Statistics show that during the 13 years from 1990 to 2002, the share of chemical products produced by European chemical companies in the international market has dropped from 32% to 28%; while the share of Asian chemical companies' products has risen from 13.2% to 23%. .7%. One of the main reasons is that chemical companies in Asian countries and regions such as mainland China and South Korea have invested in expanding production equipment, and the output of chemical products has been expanded, both domestic sales and exports have increased. Second, chemical companies in the European region have moved to the Asian region centered on China. A considerable number of production bases have been transferred, among which chemical companies in Germany and France have large investment in China.
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