Russia's Increasing Demand for Bolts and Nuts
Author: ChinaFastener.com
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Date:
2008-9-9
Source: Chinafastener.com
The Russian metal market expert Alexandria expresses that Russia's demand for fastener will increase 7% year on year in the next 3 years, while the need in construction industry will be much greater, expected 15% annual increase. The annual demand for fasteners in Russia construction area is about 160,000 ton, accounting 25 USD. However, only 25% are manufactured by Russian enterprises, while the rest are dependent on importation.
According to related statistics, the current Russian market is under great demand for Snap-fit screw, multi-screw spike ,4-wing screw with hole, clamp screw, anchor machine, metric fasteners(bolts, nuts, washers).At present the wholesale prices of these kinds of products increase by 7% to 30%, with retail prices rising by 50%to 200%.