The development prospects of the fastener industry need to wait and see

Over the years, after consecutive double-digit growth of fasteners in China, the fastener industry experienced a negative growth in 2012, a year-on-year decrease of approximately 1.5%. In particular, after the fasteners suffered international anti-dumping, export sales declined. . Advanced fasteners are the foundation of high-end machinery manufacturing. The added value it brings to key components and equipment is much higher.

At present, the domestic machinery industry usher in a recovery opportunity, so the domestic market will become an important driving force for the growth of the fastener industry. Actively adjusting the direction of development, carrying out transformation and upgrading, optimizing product structure, and better grasping the domestic market will become an important opportunity for the domestic industry to emerge from the downward trend.

The overall proportion of fasteners in the machinery industry is not large, but its importance to machinery manufacturing is self-evident. As a major exporter of fasteners, China was hit by the European and American markets in 2012. The industry experienced negative growth, which caused a major blow to domestic companies. In 2013, the overall environment was better than last year, but it still can't get rid of the decline in growth. The industry is in urgent need of transformation and upgrading.

At present, the global demand for fastening castings is mainly concentrated in the three major markets of North America, Western Europe and Asia. The annual demand is more than US$10 billion. This is also the main export market for domestic fasteners.

The production of domestic fasteners is still flooding the dominant market for low-grade products. A small number of high-grade, high-precision, and high-strength fasteners still need to be imported. The gap between the ratio of the unit price of imported products to the unit price of exports is more than six times that of the United States and Japan. There is a wide gap between Korea and Taiwan, and there is a lack of technical services to solve mechanical tightening schemes, which realizes the digitization of products, design, manufacture, and management, and the greenization of products and manufacturing processes.

The domestic and international environment in 2013 is not only a strategic opportunity period for China's fastener industry, but also a strategic challenge period. It is estimated that compared to 2012, the pressure on the fastener industry in China will slow down, and slow growth will become a trend. Therefore, domestic fastener companies should pay close attention to the domestic and international economic trends and policy trends in 2013, and more market trends to adjust product structure and marketing strategy in a timely manner to create a brand effect, increase product added value, increase research and development efforts, and enhance management. Level, through the automated production to improve efficiency, enhance the competitiveness of enterprises, and actively carry out the transformation and upgrading of the industry.