China's fastener industry 2011 export market analysis

Editor's note: In recent years, with the rapid growth of fastener exports, China has gradually become a global exporter of fastener products. According to statistics, in the first half of 2006, the total export of fasteners nationwide reached 10.99 million tons, an increase of 30.82% over the same period of 2005, and sales amounted to 1.229 billion US dollars, an increase of 23.07% over the same period of last year. It can be seen that in the first half of 2006, although the fastener export trade has developed rapidly, the problem of unreasonable export product structure still exists.

We are still relying on the increase in the number of products to expand the market. There are still problems with low grades and low prices. Mainly entering the maintenance of foreign spare parts market, only a small number of products into the host supporting the market, and more to oem delivery, has not yet formed its own brand.

With the rapid increase in the export volume of fasteners in China, its export resistance has also increased. Many people are concerned that the export volume of fastener products in China will drop significantly in 2007, which will increase the pressure on the domestic market. In fact, this worry is unnecessary.

The relevant person in charge of the Jiaxing Fasteners Association stated that in terms of the environment, China-European fasteners “catch up” with China’s success will help improve the competitive environment of Chinese companies in the international market including the EU and optimize the international trading environment. It has a boosting effect. Second, it can promote the bank's financial support to the fastener industry, and it can alleviate the financing difficulties of the company to some extent.

However, the person in charge also pointed out that Europe and the United States are the major export markets of fasteners companies in Jiaxing City. Due to the slow economic recovery process, the unemployment rate remains high, and consumer confidence is still low. Continuing turmoil will still occur for the export of Jiaxing City. On the other hand, fastener products that are almost completely steel-based are affected by fluctuations in steel prices. Fasteners are inherently low-profit products. Frequent adjustments to steel prices will bring significant cost pressures to companies. . However, these are problems that do not need to worry about.

First, after long-term development, China has built a fastener production system that is the world's largest, more complete, and has better quality. China's fastener products are inexpensive and have strong comprehensive competitiveness. In this world's largest production base of “world factory” fasteners, the export volume of fastener products with larger scale will surely produce a match. It is expected that China's fastener exports will exceed US$2.5 billion in the next 2 to 3 years.

Second, in recent years, with the transfer of fastener production in Western developed countries, production capacity has also been relatively reduced. The world economic growth has increased the demand for fastener products in China and the dependence has gradually increased.

Therefore, although trade frictions on China's fastener products will not decrease in the future, the export of fastener products in China will continue to develop in a period of time. After all, it is still difficult for China to provide fastener products to the international market at the current stage. Find a complete alternative source.

It can thus be seen that China has become a major exporter of fastener products, and it is an inevitable result of global industrial adjustment and division of labor in the context of global integration. It is a long-term trend that is difficult to reverse.

Of course, in the past two years, some problems that cannot be ignored have emerged during the export of fasteners. The main reason is that the export order is somewhat confusing, with the emphasis on export growth being too rapid, export time and export countries being too concentrated, low prices, and low value-added output, causing some unnecessary friction, which is not conducive to the export of fastener products. The sustained and healthy development.

For this reason, in view of the situation and new changes in the export trade of fastener products in China, it is necessary to establish a nationwide monitoring and early warning system for the import and export of fastener products, to grasp the situation, to identify problems, and to propose operability recommendations so as to provide a basis for scientific decisions of related departments. On the basis of monitoring and early warning, and full study, relevant agencies can use macro-guides on the export quantity, product structure, and time of fasteners in China according to changes in the trade situation, using tariffs, interest rates, and quotas.