Industry: Analysis of Export Situation of Fastener Industry in China

In recent years, China’s fastener exports have grown rapidly and have gradually become the largest exporter of fastener products in the world. 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 export of fasteners 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 low grades and prices of products. Low problem. 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.

1. After long-term development, China has built a fastener production system that is the largest in the world, has more complete varieties and 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.

2. 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 the trade friction against China’s fastener products will not decrease in the future, the export of fastener products in China will continue to develop for 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.

3. Key Strategies of Fastener Enterprises to Cope with the Crisis and EU Anti-Dumping Since 2009, due to the financial crisis, EU anti-dumping and other factors, the purchases of fastener parts from international buyers to China have dropped sharply. Although in the first half of 2010, there has been recovery. However, there are still hidden concerns. The impact of the European debt crisis on China’s exports may continue. So how should China's fastener companies deal with a variety of factors and go out of business? To this end, Gasgoo.com has conducted surveys on more than 30 domestic fastener companies. The surveyed companies include Odaco, Shandong Gaoqiang, Yuhuan Seiko Machinery, and Shanghai Detec Precision Fasteners. The survey shows that adjusting the market structure, increasing scientific management, and maintaining relationships with major customers will be key strategies for fastener companies to cope with the crisis and EU anti-dumping.

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.