Analyze the Global Fastener Market to Improve Its Strength

With the acceleration of China's integration into the global economic environment and the rapid rise of economic strength, China has become the most dynamic economic region in the world. China's economic facilities are relatively complete, its industrial development is relatively mature, and its labor cost is relatively low. It has the comparative advantage of becoming a global hardware manufacturing center, and the outward development of hardware manufacturing industry has obvious characteristics.

According to Luo Baihui, Secretary-General of the International Model Association, the current global fasteners are mainly used in the automotive industry, electronic industry and construction and maintenance industries. In 2007, China exported a total of 2.57 million tons of fasteners, which accounted for 48.95% of the current year's output. However, China’s exports of fasteners are still mainly medium and low-strength fasteners, and export orders are confusing, and export volume has grown too fast. Export time and export countries are too concentrated, low prices, high value-added products, which often trigger some trade frictions such as anti-dumping. Among them, the automotive industry is the largest user, with demand accounting for approximately 23.2% of the total sales of fasteners; followed by maintenance of the industrial market and construction industry, accounting for about 20% of the total sales of fasteners; the third is the electronics industry, accounting for about 16.6% of total sales of fasteners.

In recent years, the ratio of the unit price of imported fastener products to the unit price of exports has been increasing, and the ratio in the past two years actually exceeded eight times. In 2007, we used 56.95% of the amount of foreign exchange earned on fasteners. The number of fasteners with a export volume of 6.81% shows that China's fastener industry is still a developing industry. It is large and not strong, and it has a big gap with the developed countries of the United States, Japan, and Europe.

The next few years will be the high-speed oscillation period of the hardware industry. The direct consequence of this high-speed shock is the expansion of the polarization trend in the current hardware and kitchen brand camp. It is expected that the hardware companies that can really survive in the market in the next few years will definitely not be so much now. However, this high-speed oscillation in the hardware industry will bring huge opportunities. The result of the shock will make the market operation more rational.