PVC pipe is about to develop a trillion-dollar investment market?
近两年地下管网改造多次在国常会等重点会议上被提及，政策层面对于城市管网改造的需求明显提升。因此，PVC行业内有预测管道投资有望加速，潜在的管道市场或超1.4万亿。从产业链角度看，地下管网市场主要围绕“管道制造”、“管道施工”、“管道安防”、“勘探设计”四个方面，其上下游企业也均有望改善。In the past two years, the renovation of underground pipe network has been mentioned many times at the national regular meeting and other key meetings, and the demand for urban pipe network renovation at the policy level has increased significantly. Therefore, it is predicted in the PVC industry that pipeline investment is expected to accelerate, and the potential pipeline market may exceed 1.4 trillion yuan. From the perspective of industrial chain, the underground pipe network market is mainly centered on "pipeline manufacturing", "pipeline construction", "pipeline security" and "exploration and design", and its upstream and downstream enterprises are also expected to improve.
2021年，全国市政设施固定资产投资2.75万亿元，同比增长4.93%，供水管道占比3.7%、排水管道占比9.9%、燃气管道占比1.1%、集中供热占比2.0%、地下综合管廊占比2.1%，市政管道合计占市政设施固定资产投资比重为18.8%。
In 2021, the national investment in fixed assets of municipal facilities will reach 2.75 trillion yuan, with a year-on-year increase of 4.93%. Water supply pipelines will account for 3.7%, drainage pipelines will account for 9.9%, gas pipelines will account for 1.1%, central heating will account for 2.0%, and underground comprehensive pipe gallery will account for 2.1%. The total investment in fixed assets of municipal facilities will account for 18.8%.
2022年1月至11月，我国完成水利建设投资10085亿元，全国水利建设投资首次迈上1万亿台阶，较去年全年增长33%。
From January to November 2022, China completed 1008.5 billion yuan of investment in water conservancy construction, and the national investment in water conservancy construction reached 1 trillion level for the first time, an increase of 33% over the whole year last year.
以上两组公开数据证明，PVC管道市场发展具备支撑强力。
The above two groups of public data prove that the development of PVC pipe market has strong support.
2021年中以来，地产下行、PVC等原料价格大幅上升、疫情管控等风险因素集中出现，确实不利于管道行业发展。而未来，房地产暖意融融，疫情管控基本解除，管道发展政策和需求利好不断持续，行业有一个稳迅兼备的发展时期。
Since the middle of 2021, the downward trend of real estate, the sharp rise in the price of raw materials such as PVC, and the concentration of risk factors such as epidemic control have been detrimental to the development of the pipeline industry. In the future, the real estate will be warm, the epidemic control will be basically lifted, the pipeline development policy and demand will continue to be favorable, and the industry will have a stable and rapid development period.
