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Analysis on export market of China's fastener industry in 2019
2020-09-11

Analysis on export market of China's fastener industry in 2019

After nearly 40 years of reform and opening up, China's fastener industry has completed the transformation from small to large. Its output ranks first in the world. It is a real large producer and exporter. It is now in a period of transformation and development from big to strong. The strengthening of a large country is a long-term and arduous task for the fastener industry. It is a leap from a large country to a powerful country. At present, the market development trend is worthy of attention.

Fasteners are the most widely used mechanical basic parts. With China's entry into WTO in 2001 and entering the ranks of international trade powers, a large number of Chinese fastener products are exported to all countries in the world, and fastener products from all countries in the world are also pouring into the Chinese market. With the development since the reform and opening up, China has established the world's largest professional fastener production system with complete varieties and specifications and high quality, and has become the world's largest fastener production and export base.


From January to December 2018, the export volume of China's steel or copper standard fasteners was 3.29 million tons, a year-on-year increase of 12.9%; From January to December 2018, the export value of China's steel or copper standard fasteners was US $6586795000, a year-on-year increase of 27.7%.

As the most basic and general mechanical basic parts, the fastener industry plays an important role in the new strategic emerging industries of the country, and has broad market demand and good development prospects. At present, there are more than 8000 fastener production enterprises registered by the industry and Commerce in China, and there are many small and micro enterprises. There are only more than 2000 enterprises above designated size. In 2016, the output was more than 7.45 million tons and the sales volume was 75 billion yuan, accounting for about 40% of the world's total fastener sales. However, our sales revenue accounted for only 1 / 8 of the world's total fastener sales. The average unit price is compared with that of advanced countries in Asia and the world, There is still a big gap. At present, China is a big country in fastener production, but it is not a strong country. Fastener enterprises are distributed all over the country, relatively concentrated in coastal areas and developing rapidly; On the contrary, the central and western regions are not active enough. Therefore, the situation that the East is strong and the west is weak has not fundamentally changed.

Most fastener enterprises are facing the dual challenges of industrial supply side structural reform and market demand due to low degree of automation, backward technical equipment, poor product quality, low quality grade and small enterprise scale. High end fasteners are also an important part of national strategic emerging industries. Strategic emerging industries need a large number of equipment and facilities to support, and are inseparable from various fasteners. As strategic emerging industries, energy-saving and environmental protection technical equipment and products, network infrastructure and mobile communication equipment, advanced medical equipment in biological industry, high-end manufacturing aerospace, space basic satellites, rail transit equipment, marine engineering equipment and intelligent manufacturing equipment, Fasteners are widely used in new energy nuclear power, reactors, wind turbines, new energy vehicles, hybrid electric vehicles and pure electric vehicles. The performance and quality of fasteners will directly affect the performance and quality of these industrial products.

In 2018, the Sino US trade war was tense, and the export of fasteners in Jiaxing increased against the trend

As the distribution center of China's fastener industry, Jiaxing is also China's fastener export base and the global production base of carbon steel fasteners. Jiaxing plays an important role in China's fastener industry. In 2018, the total import and export of fastener products in Jiaxing was USD 1.342 billion, a year-on-year increase of 34.60%, accounting for 3.14% of the total import and export of the city, of which the export was USD 1.299 billion, a year-on-year increase of 34.84%, accounting for 4.25% of the total export of the city, and the import was USD 43 million, a year-on-year increase of 27.57%, accounting for 0.35% of the total import of the city.

1、 Main features of Jiaxing fastener export in 2018

1. In terms of export regions, the export volume of major export markets continued to grow. In 2018, Jiaxing's fastener export market was still dominated by the United States, the European Union and Russia. The export volume of these three markets reached US $846 million, an increase of 40.89% over the same period last year, accounting for 65.13% of the total export. Among them, the export to the United States was 386 million US dollars, a year-on-year increase of 37.18%; Exports to the EU amounted to 325 million US dollars, up 46.13% year-on-year, and exports to Russia amounted to 135 million US dollars, up 40.70% year-on-year.

2. From the perspective of export entities, the export volume of leading enterprises increased year-on-year. In 2018, there were 29 enterprises with a fastener export volume of more than US $10 million in Jiaxing, an increase of 7 over the same period last year, realizing an export of US $742 million, a year-on-year increase of 51.74%, accounting for 57.11% of the city's fastener export. The top four enterprises in the export volume of fasteners in Jiaxing in 2018 were Haining Haixun Trading Co., Ltd., Jinyi Industrial Co., Ltd., Zhejiang Dongming stainless steel products Co., Ltd. and Jiaxing Fengjie Trading Co., Ltd., with an annual export volume of more than US $50 million.

3. From the perspective of trade mode, general trade occupies a dominant position in export trade. In 2018, Jiaxing's fastener exports in general trade amounted to US $1.235 billion, accounting for 95.07% of the city's total fastener exports, which was basically the same as that in the same period last year.

4. The average export unit price of fastener products increased. In 2018, the average unit price of steel fasteners accounting for 99.26% of the export volume was USD 1472 / T, with a year-on-year increase of 21.35%; The average export unit price of copper fasteners was US $9956 / ton, a year-on-year increase of 13.27%; The average export unit price of aluminum fasteners was 3205 US dollars / ton, a year-on-year increase of 9.61%.




In 2018, the top five provinces and cities in China's fastener export value were Zhejiang Province (US $2544 million), Jiangsu Province (US $619 million), Guangdong Province (US $528 million), Shanghai City (US $498 million) and Shandong Province (US $241 million). The top five export values accounted for 87.65% of China's fastener export value.

The development idea of fastener industry in 2018 should shift from high-speed growth to high-quality growth, build a fastener production mode of "one body and two wings" with the production of products with medium precision and medium strength as the main body and high-end automobile fasteners, railway (locomotive) fasteners and construction, electric power and electrical fasteners as the wings; And strive to develop a number of domestic fastener brand enterprises, form relative cost advantages and relative technical advantages, strengthen and expand the industrial chain, and form a new economic growth point.

2、 Export situation of fastener enterprises in Jiaxing in 2018

1. The impact of Sino US trade friction is not obvious. The United States is one of the major overseas export markets of Jiaxing fastener enterprises. During the ten-year anti-dumping process of fasteners by the European Union against China, the United States market is an important supplement to the export of Jiaxing fastener enterprises. In 2018, Jiaxing's total export of fastener products was $1.299 billion, of which $386 million was exported to the United States, accounting for 29.76% of the city's total export of fasteners, which was basically the same as last year. In 2018, Sino US economic and trade frictions continued to escalate, but the impact of Jiaxing fastener enterprises on us fastener exports is not obvious.

2. Exports to the EU gradually resumed. Since 2007, the EU has taken anti-dumping measures against China's fasteners exported to Europe. The amount of fasteners exported by Jiaxing to the EU decreased from US $330 million in 2008 to US $150 million in 2015, a decrease of 54.5%. Driven by China's victory in the enforcement case of EU fasteners in January 2016, some enterprises in Jiaxing are gradually resuming their exports to the EU. In 2018, the amount of EU fasteners exported by Jiaxing was US $325 million, a year-on-year increase of 46.13%, accounting for 24.99% of the city's total fastener exports.

3, the "one belt, one road" along the way, and other countries are increasing well. In 2018, Jiaxing fastener export enterprises actively explored diversified export markets while maintaining good growth with traditional trading partners. Along with the "one belt, one road", the export trade with Latin America and Africa has maintained a relatively fast growth, which increased by 37.66%, 42.90% and 17.12%, respectively.

4. The high comprehensive cost affects the export competitiveness. Jiaxing's fastener export products are mainly steel fasteners, accounting for 99.26%. Affected by supply side reform and environmental protection supervision, steel prices remain high this year, and enterprise production costs have increased significantly. On the other hand, rising tax costs, energy costs and labor costs also restrict enterprises from further expanding production and export.






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