Low-end fastener industry faces transformation

Since 2000, the Chinese fastener enterprises continued double-digit growth in 2012, the industry began to negative growth momentum, down about 1.5%, especially fasteners in suffered the international anti-dumping, export sales plummeted, export sales downward trend.

Fasteners, although the proportion of the overall share of machinery industry is not very obvious, but the importance of the machinery manufacturing, fasteners industrial bridge, advanced high-end fasteners are the fundamental machinery manufacturing, it brings key components and equipment The added value is obvious. China is a major exporter of fasteners, dealt a severe blow by the European and American market in 2012, the industry experienced negative growth also caused a fatal blow to the domestic enterprises. 2012 as the international financial situation improved, the overall environment of the fastener industry is better than last year, but the moment is still unable to reverse the decline in growth momentum, strong expectations of industry transformation and upgrading.

ZHIDA Hardware suppose domestic fastener industry is flooded with low-end products still dominate the market, high-precision, high-strength fasteners of the process there is a small part is still to rely on imports, and the import price of the product and the export price difference more than 3,4 times, such as a set of domestic high-end Torx Wrench and only need $ 3.40, while imports to more than 100 yuan, the Driver Bits of similar products is quite large and the gap between the United States, Japan and South Korea, Taiwan, the actual life can be a difference of 2,3 times. And the lack of technically demanding process solutions, product design and process development too little investment.

North America, Western Europe and Asia are the three major markets of the global demand for fasteners, but also the domestic fastener's major export markets, the annual demand in more than $ 10 billion. China's machinery industry in 2013 ushered in a new opportunity for the recovery of the domestic market will also become an important growth market pull metal fasteners, metal fasteners enterprises must actively adjust the direction of development, optimize the structure of production mouth, transformation and upgrading in order to better grasp the huge domestic market potential demand.

ZHIDA Hardware suppose 2013 foreign economic situation and domestic economic environment the metal fasteners industry in China is not just strategic opportunities, but also charge v. strategic challenges. Relative to last year, this year, China's fastener industry pressure has slowed down, mainly slow growth, metal fastener industry must pay close attention to the economic situation at home and abroad and domestic policy trends, timely adjustment of product structure and marketing strategy, efforts were made to train its own brand, effectively enhance the value-added products, to submit efficiency with advanced management level, and enhance the competitiveness of enterprises to industrial restructuring and upgrading.