According to figures issued by the China Machine Powder Metallurgy Association (CMPMA), production of structural Powder Metallurgy (PM) parts in 2013 reached 180,242 metric tonnes, an increase of 11.9% over 2012. The CMPMA report states that these figures are based on 51 responding PM structural part producers.
In terms of sales value the CMPMA reported an increase of 8.9% for 2013 to Yuan 590,448 million ($951 million) of which Yuan 79,641 million ($128 million) represented new PM products, an increase of 9.8% over the previous year.
Exports of PM structural parts decreased in 2013 by 2.9% to Yuan 60,617 million ($97.6 million). Total profits after taxes soared by 40.4% to Yuan 37,684 million ($60.7 million). The 51 reporting PM companies employed an average of 15,804 people over the year, representing a slight decrease (0.9%) over the previous year.