Frbiz releases fastener market situation report, which analyzes that in the next few years, China's fastener demand will be in 12.5% per year rate growth. And compared with other Asian countries' 8.4% growth rate, China ranks number one in the world.

 
This year's global demand for fasteners can be divided into three major market, the first is North America's market, to 2004, the United States, Canada, Mexico, the total demand will reach 13.5 billion U.S. dollars, it is expected in 2009 increased 16.6 billion U.S. dollars, accounting for 34.30% of total global demand. The second largest market in Western Europe, from 2004 11 billion U.S. dollars to 14 billion U.S. dollars in 2009, together with Eastern Europe have accounted for 31.70% of total global demand. The third largest market is Asia, from 1999 9 billion U.S. dollars increase to 13.5 billion U.S. dollars in 2004, while in 2009, it reached19.2 billion U.S. dollars, accounting for 28.4% of the global market. Three markets accounted for 94.4% of total world demand.

 
The fastener is used in automotive industry, maintenance industry, electronics industry and so on fields. Automotive is the largest user, accounting for 23.2% of fasteners' total sales; the second is the maintenance of industrial markets and construction industries, together accounting for 20%; the third is the electronics industry accounted for 16.6%.

 
In the 2010, fastener industry in environment of economic recovery have emerged a sign of warming. However, for the second half of 2010, and future development planning and prospect, the global fastener market how to development. Frbiz analyzes as follows.

 
Cost factor for the future export fasteners have certain effects. Because of inflation, the domestic raw material prices rising, labor wages, greatly increasing the manufacturing costs of China's fastener. Although in June, the purchase price index was 51.3%, down 7.6% than last month, which shows that the pressure relief, business costs pressure to reduce. However, inflationary pressures still exist.

 
Therefore, this year the situation is particularly complex, the above uncertain factors make fastener export exist big risk. Frbiz is expected that in the second half year China's fastener export growth will downturn or slowed down.