China Fastener Industry Development Status and Characteristics in 2016

Fastener exports are still dominated by low value-added products

In the first half of 2016, the export volume of fastener products in China was 10 times higher than the import volume, and the export amount was only 1.6 times higher than the import amount, reflecting that the status quo of the fastener industry is still large and not strong, and the export products are still relatively attached. Low-value standard parts, it is understood that the 8.8 or less standard parts account for about 45% -50% of the total. With the continuous escalation of demand, the high-strength, high-precision fasteners required by the national machinery and equipment industries, such as automobiles and airplanes, are largely unable to meet the domestic industry, and they still rely on expensive imported materials.

EU's cancellation of anti-dumping measures on fasteners in China slightly increased

In the first half of 2016, the largest export market for fasteners in China is still the United States, Japan, Russia, UAE, and South Korea. After the EU cancelled anti-dumping measures, from March to June this year, Jiaxing fastener exports to the EU reached 57,000 tons, a year-on-year increase of 20%. However, the European Union imposed anti-dumping enforcement on China's fasteners for nine years. During this period, the market development has changed rapidly. The EU market share that originally belonged to China has been occupied by enterprises in Southeast Asia, India, etc., and it is not necessary to resume its share of exports.

China fastener export area distribution

From the domestic point of view, the top five areas for the export value of fasteners in China are Jiaxing, Zhejiang, Ningbo, Zhejiang, Zhejiang, Shanghai, and Shenzhen, Guangdong, which are mainly concentrated in the more developed regions of the fastener industry. Zhejiang included one of the leading players in China's fastener exports total trade volume and total trade volume in the first half of the year. As a major province of fastener production in China, Zhejiang boasts four famous domestic fastener production areas: Haiyan, Wenzhou, Ningbo and Jiaxing. Its strength in the fastener industry is evident.

In addition, the areas with high concentration of fasteners are mainly in Hebei and Guangdong regions. Compared with East China fasteners, these two areas have the following three disadvantages in addition to their scale, leading to slow industrial upgrading and the inability to form an export concentration advantage.

1) The distribution areas are scattered and it is impossible to form a large base for a single regional enterprise;

2) The product structure is single and the products are relatively neutral;

3) The scale of the company is generally small, especially in the Yongnian district of Hebei, where more than half of the current production is still family-run.

Exports weaken, domestic trade intensifies, and industry needs to be upgraded

Faster exports of fasteners will inevitably lead to more intense domestic competition in fasteners. Fasteners are mainly used in the automotive industry, electronics industry, and construction and maintenance industries. Among them, the automotive industry is the largest user, and the demand is tight. 23.2% of total firmware sales. With the development of the automotive industry, lightweight has become the trend of the world's automotive industry. The average number of fasteners for a car is about 1,500, and the total time for assembling each car bolt is about 2.5-3.2 hours. It can be seen that the type and quality of the fasteners have an important influence on the host level and the vehicle's mass and weight. At present, the high-strength, high-precision industrial fasteners still rely on imports; in the low-end market, the competition for fasteners is fiercer, and the competitiveness of the company's technology, environmental protection, energy consumption, equipment, and talent is still part of the international community. Lagging trend. In the environment of high raw material prices, the overcapacity of low-grade standard parts has become a stumbling block to the development of the entire fastener industry. Therefore, fastener products must develop from "low end" to "high end."

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