The first index of medical device import and export price index forecast to rise in 2010

Business Club October 29th, October 25. China Medical Devices Import and Export Price Index Symposium. The only evaluation index concerning the development of medical device import and export trade in China, the China Medical Device Import and Export Price Index (hereinafter referred to as the “Mexican Machinery Price Index”), was first publicly released at the forum.

It is understood that the Physico-Mechanical Price Index reflects the dynamic relative number of changes in the quantity and price of imported or exported merchandise trade over a certain period of time and can be used to observe trends in the import and export markets; more importantly, this index can be used as a judgment. To help future trends, that is, by analyzing the causes and influencing factors of the index, operators can better grasp the industry and market trends.

First issue of four indexes

On October 25, the first issue of the index released four indexes: monthly import, export price index and annual import and export price index. According to reports, the annual import and export price index covers the period from 2002 to 2009, 2002 is the base period, and the base period index is 100; the monthly import and export price index ranges from 2005 to 2010, and will be in 2005. The monthly data is set as base period and the base period index value is 100.

Under the influence of the financial crisis sweeping across the globe, many medical device manufacturers are afraid to sign large orders and long orders, and all have changed to small ones and short orders. Because raw material prices, exchange rates, and other changes have a great impact on business, there are slight Inadvertently it can cause huge losses. For example, the price of cotton yarn, the original annual price fluctuations in cotton yarn, due to speculation in hot money last year, all the way skyrocketing, from 16,000 yuan / ton has risen to 33,000 yuan / ton, the price has nearly doubled, the price of cotton It is also soaring, and is still bullish. This irregular and sudden change has a greater impact on businesses.

Wei Jianhua, general manager of Beijing Yi'an Medical Systems Co., Ltd., said that the core technologies of medical devices are now in the hands of European and American companies. The vicious competition among domestic companies has hurt everyone's interests, making it impossible for everyone to invest in the research and development of new products. When it is time to go, it is expected that the Physician Price Index will play a role in guiding companies in orderly trade and avoiding vicious competition.

"This requires a more subdivided price index." Wei Jianhua said.

A new index model must undergo a gradual and scientific process. It is understood that the medical machinery price index will gradually establish 16 price indexes for sub-products, sub-regions and sub-nationals in the future. The ultimate goal is to build the most complete model of China's medical equipment import and export trade index.

This year's export pre-increase in imports

"The total import and export of medical equipment in China increased from 4.275 billion U.S. dollars in 2002 to 18.34 billion U.S. dollars in 2009, an increase of 319.3%; of which exports increased from 2.45 billion U.S. dollars in 2002 to 12.2 billion U.S. dollars in 2009, an increase of 398 percent. From 2002 to the present, in the past eight years, the quantity and price of medical equipment in China have been increasing year by year, showing a tendency of volume and price to rise." Ni Rulin, vice president of the Medical Insurance Business Association, introduced at the symposium.

In the overall upward trend, imports and exports are different.

In 2009, with the declining processing trade year by year, increasing purchases of multinational corporations in China and the up-to-date equipment allocation in China's medical institutions, medical equipment renewal has slowed down in recent years; at the same time, the manufacturing level of domestic medical equipment in China In the increase, therefore, the import of domestic phytochemicals is slowing down. According to Cai Tianzhi, director of the Medical Devices Department of the Medicare Chamber of Commerce, the import price index of the medics in 2009 was 104.6, down by 27.5 percentage points from 2008. The index is expected to decline slightly in 2010; as of September this year, the import price index is 144.6, an increase of 29.7 percentage points over August, is expected to reach 124.4 in October, a decrease of 20.2 from September, causing factors such as the low tide of trade procurement, market wait-and-see attitudes, and inventories.

In terms of exports, in 2009 the export price index of medical products was 112.1, which was basically the same as in 2008, which was a drop of 0.1%. It is expected that this index will rise in 2010. Cai Tianzhi stated that the rise in exports has not only the existence of domestic product price advantages, the shrinkage of foreign capital, the search for alternatives in China, but also the fact that China’s exports to ASEAN markets and other “BRIC” countries have greatly increased this year.

Specific to the latest monthly situation analysis, in September 2010, the export price index of medical machinery was 149.9, which was basically the same as in August, showing a steady upward trend. It is estimated that it will be slightly reduced to 147.5 in October. The factors that caused changes include changes in the exchange rate of the renminbi, rising costs, trade frictions, and frequent trade protection. Only in the short period of 1 to 15 October, the United States initiated a There are 24 trade disputes and other related cases, and other countries are following suit.

“It is expected that the medical device import price index in 2010 will continue to decline, with a slight decrease of 5.2, on the basis of the 2009 index, which has dropped more than in 2008. The export price index rose to 137.2, compared with 2008 in 2009. Increased 25.1 on a flat basis." Cai Tianzhi predicted.