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2012 China’s fastener output, import & export saw a slight decrease

By CFM , 2013-06-28 12:00:00

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2013 Five Region Fastener Association Conference was successfully held on 19 June in Shanghai, China as the concurrent activity of 2013 Fastener Expo Shanghai. Mr. Feng Jinyao, chairman of China Fastener Industry Association, introduced the general situation of China’s fastener industry in 2012.

Mr. Feng Jinyao, chairman of China Fastener Industry Association

2012 was the most difficult year for China’s fastener industry in recent ten years. We were confronted with inflation pressure, money squeeze, decreased investment, slow development rate of machinery industry, weakened automobile industry development, and the insufficient operation rate of critical projects of high-speed rail and urban transportation, which led to weak market demand. It was much worse for the influence of European debt crisis, slow world economy development, antidumping measures by EU, and the rising of trade protectionism.

Under such a background, China’s fastener output reached 6.6 million tons, down 3% year-on-year; the sales revenue achieved CNY 65 billion (equaled to about USD 10.32 billion), down 1.5% year-on-year. The export volume and export value of steel fasteners were 2.46 million tons and USD 4.5 billion, down 4.8% and 3.3% year-on-year, respectively. The import volume and import value were 251,500 tons and USD 2.87 billion, down 5% and 2.3% year-on-year, respectively. No matter in terms of the total output, import or export, China’s fastener industry saw a slight decrease while compared with 2011, which implied China’s fastener industry enter into a steady development phase from a fast development phase. 

Entire contents copyright @ www.chinafastener.com; any reproduction in any form or by any means of any part of this article must clearly state the source www.chinafastener.com.       

 

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