According to customs statistics, the import of PET bottle pieces in November 2023 was 0.40 million tons, a decrease of 0.02 million tons from the previous month, a decrease of 5.99%. The cumulative import volume from January to November 2023 was 4600 tons, a decrease of 0.1,400 tons, or 3.01%, from the same period last year. In November 2023, the export volume of PET bottle pieces was 475,400 tons, an increase of 100,200 tons from the previous month, an increase of 26.70%. The cumulative export volume from January to November 2023 was 4.1451 million tons, an increase of 175,000 tons from the same period last year, an increase of 4.41%

As can be seen from the figure above, the top ten exporting countries of PET bottle flakes in November 2023 have changed significantly from the previous month, and the main exporting countries are still dominated by Africa and Asia. Among them, India replaced Indonesia at the top of the list, exporting 36,600 tons, an increase of 13,000 tons from the previous month, accounting for 7.70%; Russia returned to the second place on the list, with exports of 28,600 tons, an increase of 16,400 tons from the previous month, accounting for 6.02%; The United Arab Emirates replaced Peru in the third place, with exports of 15,100 tons, an increase of 0.25 million tons from the previous month, accounting for 4.68%.

As can be seen from the figure above, according to the statistics of PET bottle flake export in November 2023 (registration place), Jiangsu still maintains the position of export province, with an export volume of 191,400 tons, an increase of 28.71% from the previous month, accounting for 40.44% of the total domestic export volume; Followed by Zhejiang Province is still in second place, exports of 105,400 tons, an increase of 13.21%, accounting for 22.29% of the total domestic exports; Liaoning Province surpassed Hainan Province to rank third, with exports of 48,900 tons, an increase of 162.9% from the previous month, accounting for 10.33% of the total domestic exports.

In December 2023, from the supply side, a set of new devices were put into operation (Yipu new materials capacity of 120,000 tons), plus seven sets of new devices in the early industry (including the restart of the long stop device), with a total capacity of 4.6 million tons. In 2023, China's PET bottle sheet production capacity will increase to 17.03 million tons, with a production growth rate of 38.34%. As of December 25, the capacity utilization rate of the domestic PET industry was 87.64%, and with a set of new equipment out of excellent products, short-term PET bottle flake production or will continue to increase. From the demand point of view, the main downstream soft drink industry of PET bottle chips in December is still in the off-season, and near the end of the year, the terminal enterprises are not willing to replenish, and the overall trading atmosphere of the market is weak. In addition, the appreciation of the RMB exchange rate against the US dollar will affect PET exports to a certain extent. Overall, the PET bottle film market will continue to maintain a volatile trend in December, and the export volume may be expected to decrease.