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    Home > Coatings News > Paints and Coatings Market > Industry | What is the impact of the overseas spread of the epidemic on my country's coatings industry chain?

    Industry | What is the impact of the overseas spread of the epidemic on my country's coatings industry chain?

    • Last Update: 2021-03-28
    • Source: Internet
    • Author: User
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    In the blink of an eye, many places in Asia and Europe sounded the "red alert" of the novel coronavirus pneumonia epidemic.
    The imported risk of the epidemic in China is also increasing.
    The reporter noted that recently, some provinces in my country, including Zhejiang, Beijing and other places, have seen imported cases of new coronary pneumonia from abroad.
    From 0 to 24:00 on March 5, 16 newly imported confirmed cases were reported (11 in Gansu, 4 in Beijing, and 1 in Shanghai).
    As of 24:00 on March 5, a total of 36 imported confirmed cases have been reported.
    The reporter noted that recently, some provinces in my country, including Zhejiang, Beijing and other places, have seen imported cases of new coronary pneumonia from abroad.
    Experts said that China has now seen the dawn of overcoming the epidemic, but due to the limited prevention and control measures and efforts taken by other countries, there is a potential "world pandemic" trend in the global epidemic.
    WHO Director-General Tan Desai said that the situation in South Korea, Italy, Iran and Japan is the most worrying.
    The number of new coronary pneumonia cases in South Korea accounts for more than half of the total cases outside China.
    Previously, as the number of newly confirmed cases in China has decreased significantly, many places have lowered the emergency response level of the epidemic.
    However, in view of the seriousness of the global situation of prevention and control of the new crown pneumonia epidemic, the disease control department has included the assessment of the overseas epidemic situation in its work.
    Then a direct question is: Which industries will the spread of the overseas epidemic affect my country's economy? An important way for overseas epidemics to affect my country's economy is international trade, which mainly includes two channels: service trade and commodity trade.
    Similar to the overall negative impact of the epidemic on service consumption than physical consumption, the impact of the epidemic on service trade will theoretically be greater than on commodity trade, especially for industries that require cross-border delivery such as tourism and transportation.
    However, my country is a net importer of service trade.
    In 2018, almost all of my country's foreign service trade deficit of nearly US$300 billion was contributed by the transportation and tourism industries.
    The impact of overseas epidemics on my country's service trade is more reflected in imports, which may lead to a temporary reduction in the service deficit.
    At this stage, overseas epidemics affect my country's economy more through commodity trade.
    For the coatings industry, it may affect the supply of imported raw materials, leading to rising production costs of domestic related products and even being forced to reduce production.
    If the epidemic in Japan continues to spread, the domestic automobile manufacturing, semiconductor, textile and rubber industries may be affected to a certain extent.
    From the perspective of Japan’s exports to China, Japan’s exports to China are concentrated in industries such as automobiles, semiconductors, chemicals, and electrical equipment.
    In the automobile industry, passenger cars and engines are currently the top three commodities imported by my country from Japan.
    Due to the stronger substitution of vehicle consumption, and the domestic epidemic itself will also lead to a phased decline in automobile demand, the impact of overseas epidemics on automobile manufacturing is greater than automobile consumption.
    The automotive coating industry chain will suffer varying degrees of loss.
    Capable of industries, dimethyl ibuychem.
    com/new/sjk?search_name=%E8%8B%AF&search_type=1" target="_blank">benzene benzene , ibuychem.
    com/new/sjk?search_name=%E8%81%9A%E4%B9%99%E7%83%AF%E9%86%87&search_type=1" target="_blank">polyvinyl alcohol polyvinyl higher upstream products, rubber, isoprene rubber and other chemical dependence Japan, mainly related downstream industries with paint, textile, rubber and the like.
    Also according to the Italian export data released by UN Comtrade, in 2018, Italy’s foreign exports included electromechanical, audio-visual equipment and its parts (26%), chemical and related industrial products (11%), vehicles, aircraft, ships and transportation equipment (10%).
    %), base metals and their products (10%), textile materials and textile products (7%) account for the highest proportion.
    If the epidemic continues to spread globally, in addition to the aforementioned industries such as automobiles, semiconductors, electronic equipment, textile rubber, and asphalt plastics, which will be impacted by the upstream supply side, external demand for computers, communications and other electronic equipment with a high degree of dependence Industries such as manufacturing, metal product manufacturing, furniture, textiles and shoes may also be affected by shrinking external demand.
    Most of the industries mentioned in the above picture are closely related to the coating industry.
    The protective coatings required by the shipbuilding, aerospace, and railway industries, the downstream furniture industry, and industrial manufacturing will all be affected, and the demand for coating materials will decrease.
    .
    Today, the multilateral trading system is facing a critical juncture, and the situation abroad is not optimistic.
    Therefore, we must win the domestic epidemic prevention and control war, and hope that all countries in the world will control the development of the epidemic as soon as possible.
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