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China's fastener industry challenges and opportunities

2013-12-13 16:49:19 Click:

China General Machine Components statistics show that in 2012 negative growth in the fastener industry , down about 1.5% year on year , mainly due to lack of market demand , imports and exports from January to June 2013, the industry was slow growth, its imports and exports a total of $ 14.141 billion , an increase of 1.89 %. 2013 domestic and international environment for China's fastener industry is not only a strategic opportunity , but also of strategic challenges .       
2012 , for the fastener industry, is quite challenging year. Foreign markets due to the global economic downturn , the impact of the sales decline in Europe 's debt crisis over the same period, the domestic market due to sluggish domestic demand , rising costs and competitive pressures increase, the shortage of capital chain disruption . Internal and external lead to business orders fell , falling profits , many medium and large enterprise development fasteners frustrated , or even individual small fasteners business downtime .       China General Machine Components statistics show that in 2012 negative growth in the fastener industry , down about 1.5% year on year , mainly due to lack of market demand , especially after the anti-dumping fasteners in the international arena, a downward trend in export sales . Also, by integrating customs data discovery , in 2012 China Import and Export volume decline in both fastener : Exports of 2,464,100 tons , exports 4.516 billion U.S. dollars , down 4.8% and 2.4 %, respectively ; fastener imports amounted to 25.24 tons, while imports amounted to $ 2.892 billion , down 4.7% and 2.2 %, respectively.       
Although the domestic fastener industry setback in 2012 , but in 2013 the industry is expected to achieve steady growth , estimated production and sales of fasteners to 2013 will reach about 7.3 million tons . With the growth of China -ASEAN Free Trade Area , more potential FTA may occur , with Chinese enterprises to go out of efforts, China 's fastener exports market is expected to further diversify , particularly to emerging markets and developing expansion of the country.       
Data show that the first half of 2013 the industry output value of 155 billion yuan , an increase of 2.64% . Imbalance six professional development of the industry , including the professional development of better gear , fasteners , chains, springs, powder metallurgy , transmission links pieces of professional development in general, basic maintenance in the same period last year.   2013 imports and exports from January to June for the slow growth of the industry , its total import and export of $ 14.141 billion , an increase of 1.89 %. Industry exports $ 5.794 billion , an increase of 3.16% ; which gear is better exports reached 2.444 billion U.S. dollars , accounting for 42.18% of the industry 's total exports , which increased by 8.86 percent year on year ; originally as an export industry first professional fastener exports 2.305 billion U.S. dollars , accounting for 39.7 percent of the industry 's total exports , up to a negative growth of -0.33 % ; chain specializing in exports of 674 million U.S. dollars , accounting for 11.6 percent of the industry 's total exports , up to negative growth of -6.27 % ; industry in the spring exports amounted to $ 150 million professionals , although modest amount , but an increase of 17.71% , and its momentum is gratifying. Industry, imports amounted to $ 8.347 billion , an increase of 3.16% which imports amounted to $ 6,203,000,000 gear , industry accounted for 74.3% of total imports , an increase of 2.89% ; imports amounted to $ 1.475 billion fasteners , an increase of -3.38 %. As can be seen , the industry gears professional import and export performance is more prominent, and become the highlight of the industry.       2013 domestic and international environment for China's fastener industry is not only a strategic opportunity , but also of strategic challenges . Estimates , in 2012 compared to 2013, the pressure of China's fastener industry will slow down , slow growth will be the trend in the development of the situation cautiously optimistic , there are still uncertainties and risks in the future. Thus , the domestic fastener enterprises should pay close attention in 2013 domestic and international economic situation and policy direction , market trends and more timely adjustment of product structure and marketing strategy, create branding, enhance value-added products , research and development efforts to improve management levels of production through automation to improve efficiency and enhance the competitiveness of enterprises .

 
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