Analysis of the development status of China's fastener industry
1) China's fastener market supply: China's annual output of fasteners exceeds 8 million tons
With the rapid development of China's machinery industry, automobile industry and other industries, driven by the demand and production of fasteners, the scale of China's fastener industry continues to expand. According to the data released by the China Machinery General Parts Industry Association, in 2014-2019, the production of China's fastener industry continued to rise, 2020 by the impact of the new crown epidemic declined slightly, and in 2021, the production of fasteners rebounded to about 8.76 million tons. From the point of view of production, China has become the world's largest producer of fasteners.
2) China's fastener market demand: slight decline due to the impact of the epidemic
Foresight combined with the China Machinery General Parts Industry Association to provide China's fastener production as well as China's fastener import and export situation calculated that the overall apparent consumption of China's fasteners in 2017-2021 was first rising and then falling trend, in which the apparent consumption of fasteners in 2019 reached 5.59 million tons, the peak in recent years, 2020 and 2021 for two consecutive years of decline, but the overall still Stay above 5 million tons.
3) The total import and export of China's fastener industry: continuous growth, has exceeded 80 billion yuan
In 2017-2021, the overall scale of import and export trade of China's fastener industry was on the rise; in 2017, the total import and export of China's fasteners was RMB 57.478 billion, and the total amount of import and export was 3.2545 million tons, and the total amount of import and export rose to RMB 84.929 billion and the total amount of import and export was 4.10630 million tons in 2021.In the first 9 months of 2022, China's The total import and export amount of fastener industry is 71.4 billion RMB, and the total import and export amount reaches 3.24 million tons.
Overall, the growth rate of total import and export is faster than the growth rate of total import and export, indicating that the average price of import and export products in China's fastener industry is rising.
4) China fastener industry price trend: continuous rise since 2021
From 2018-2020, China fastener industry price index has been lower than 100 points, indicating that the fastener industry price is always in a downward trend, from the beginning of 2021, China fastener price index began to rise all the way up, broke through 100 points around April 2021, and has been kept around 124 points, which indicates that the overall price of China's fasteners has been on the rise since 2021 This indicates that the price of fasteners in China has been on the rise in general since 2021.
