Sales of fasteners reached 7.3 million tons this year

In recent years, the fastener industry has made great progress as an essential part of the manufacturing production chain. Although the domestic fastener industry suffered a setback in 2012, the whole industry is expected to achieve steady growth in 2013. It is estimated that by 2013, the production and sales of fasteners will reach approximately 7.3 million tons.

The global economic turmoil triggered by the financial crisis in 2008 caused the entire fastener industry's production and operation status to be affected. In particular, those export-oriented production enterprises have experienced a sharp decline in their business volume. Some manufacturers' daily production is only 30% to 40% of their daily averages. Some manufacturers with insufficient ability to resist risks have even closed their doors to avoid danger. With the impact of the financial turmoil, the production strength of the national fastener industry has generally recovered since the end of 2009. Since 2010, the production situation of many fastener companies has been quite gratifying, basically reaching the level of the same period in 2008, and some companies even have new growth in output value. According to relevant statistics, the fastener industry experienced a negative growth in 2012, which was a year-on-year decrease of 1.5%, mainly due to the lack of market demand, especially after fasteners suffered international anti-dumping. At the same time, through the integration of customs data, China's fastener import and export volume both decreased in 2012: export volume was 2.4461 million tons, and foreign exchange earned through exports reached US$4.516 billion, a year-on-year decrease of 4.8% and 2.4% respectively; fasteners import volume was 25.24%. Ten thousand tons, the import amount was 2.892 billion US dollars, down 4.7% and 2.2% respectively.

Due to rapid growth in manufacturing and manufacturing, especially in industrial machinery and motor vehicles, the demand for industrial fasteners in China is expected to increase at a rate of 10.7% per year. Although the domestic fastener industry was frustrated in 2012, the industry in 2013 was full. It is expected to achieve steady growth. It is estimated that the production and sales of fasteners will reach approximately 7.3 million tons by 2013, reaching 74.2 billion yuan.

By 2013, the new demand for fasteners from OEMs and the construction market will exceed the MRO (Maintenance, Repair and Repair) market. OEM will maintain its leading position in China's fastener market demand, accounting for 75% of the total demand for fasteners, coupled with the market demand for industrial machinery, motor vehicles, electrical and electronic products, sales of fasteners. There will also be new growth. The government's demand for high-quality fasteners for the construction of large-scale infrastructure and the construction of non-residential buildings in the construction industry will also boost the demand for fasteners in the construction industry.

With the growth of China-ASEAN Free Trade Area, more potential free trade zones may emerge, and Chinese companies’ efforts to go abroad, China’s fastener export market is expected to further diversify, especially to emerging markets and development. The expansion of the country.