Thermos cups have become people's daily necessities because of their exquisite shape, durability, and good thermal insulation performance. my country is a big producer of thermos cups. From 2017 to 2019, the output of China's thermos containers increased from 490.3 million to 598.06 million. In 2020, due to the impact of the new crown epidemic, the production will be significantly reduced. The output will be 590.88 million, a year-on-year decrease of 1.2%; in 2021, the epidemic will be effectively controlled, and the thermos cup market will recover, which will drive the industry's output to increase to 652.92 million, a year-on-year increase of 10.5% .
With the continuous development of my country's economy, the improvement of residents' income and consumption upgrades, the continuous enhancement of health and environmental protection awareness, and the continuous improvement of fashion and individual needs, the demand for my country's thermos cup consumer market has maintained a steady and rapid growth trend. Data show that in 2021, my country's demand for thermal insulation vessels will be about 150 million, a year-on-year increase of 8%.
In terms of exports, the export value of my country's stainless steel heat preservation vessels has grown rapidly from US$432 million in 2017 to US$1.108 billion in 2021, with a CAGR of 26.6%. From January to May 2022, the total export value was 578 million US dollars, an increase of 52.6% over the same period in 2021.
The vacuum insulation cup is generally a water container made of stainless steel with a vacuum layer. Affected by the epidemic in 2020, the market size of vacuum insulation cups (pots) in my country will drop to 14.43 billion yuan, a year-on-year decrease of 3.7%, and will rise to 17.22 billion yuan in 2021, a year-on-year increase of 19.3%.
