Analysis of the hottest fastener outlet one of the

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Fastener export analysis: one of every four fasteners exported is automobile fastener

fastener is the most widely used mechanical basic part. With China's accession to the WTO in 2001, China's fastener industry has developed rapidly, built the world's largest professional fastener production system with complete varieties and specifications, and has become the world's largest fastener production and export base. However, in recent years, the declining export profits and high trade barriers in Europe and the United States have made Chinese fastener export enterprises face multiple difficulties and urgently need to speed up the transformation and seek a breakthrough

fastener is the general name of a kind of mechanical parts used to fasten and connect two or more parts (or components) into a whole. All kinds of fasteners can be seen on all kinds of machinery, equipment, vehicles, ships, railways, bridges, buildings, structures, tools, instruments, meters, etc. It is characterized by a wide variety of specifications, different performance and uses, and a high degree of standardization, serialization and generalization. Therefore, some people call the fasteners with national standards as standard fasteners, or standard fasteners for short

fasteners can be made of steel, non-ferrous metal, stainless steel, titanium alloy or other engineering materials. The preferred steel in the world is the base metal for manufacturing fasteners. In 2017, the proportion of fastener steel produced in China was about 90%, and the proportion of copper fasteners was about 5.1%. Since 2016, the price of raw steel has been rising due to supply side reform and macroeconomic factors, which has put great pressure on the profitability of fastener enterprises

in terms of application fields, the demand for automotive fasteners accounts for about 23% of the total sales of the entire fastener industry, with the highest proportion in the industry. In the automotive industry market, automotive fasteners can be applied to almost every subsystem. For example, on a light vehicle or car, there are about 500 kinds/50kg/4000 fasteners for each vehicle on average; On the other hand, a medium truck or a heavy truck requires an average of more than 88kg/7100 fasteners, of which high-strength fasteners account for about 1/3. The cost of fasteners on a vehicle accounts for about 2.5% of the total vehicle cost; Accounting for 40% of the total number of basic parts of the whole vehicle; The workload of fastening connection on the assembly line accounts for about 70%

production and sales volume and forecast of the global automobile market in

although the growth rate of the automobile market slows down, the market competition is still fierce. In addition, with the continuous improvement of automobile requirements for fastener product quality, such as lightweight, environmental protection, long life and so on, the upgrading speed of automobile fastener products is faster, and the market space is still very huge

export analysis: the export of fasteners ushered in a restorative growth, but the average price of products showed a downward trend

In, China's fastener export volume fluctuated, of which the export volume in 2014 was US $5.194 billion, the highest level in recent years; With the EU's cancellation of anti-dumping duties on China's fasteners in 2016, the export situation of China's fasteners has improved. In 2017, the export volume was US $5.158 billion, an increase of 11.2% year-on-year

figure 3: annual fastener export volume

figure 4: annual fastener export volume

from the change of export volume, the export volume in 2012 was the lowest level in recent years, and the export volume has experienced a restorative growth since 2015. Generally speaking, the change trend of export volume is roughly the same as that of export volume, but the fluctuation is greater. In 2016, the export volume increased year-on-year, but the export volume decreased year-on-year. It can be seen that the average price of fasteners in China has shown a downward trend in recent years, from US $1501/ton in 2012 to US $1425/ton in 2017. Moreover, with the changes in the global economic situation, it is expected that prices will continue to decline in the next five years

figure 5: annual fastener output and export volume

in terms of output, China's fastener output changed significantly in, which was basically consistent with the fluctuation of export volume. In 2015, the output decreased significantly, and in 2016, the output increased slightly. In case of damage, it should be replaced in time to reach 7.2 million tons; According to historical data, China's total fastener exports account for about 40% of the total fastener production

market analysis: the trade war has a huge impact on fastener exports, forcing enterprises to transform and upgrade

among China's fastener exporting countries (regions) in, the United States firmly ranked first, accounting for nearly 21%, followed by Japan and Russia. However, with the end of EU anti-dumping duties, China's fastener exports to EU countries began to grow. In 2017, the ranking of fasteners exported to Germany rose from the sixth in 2016 to the third

figure 6: China's fastener exports to different countries (regions) in

Chinese fastener enterprises are very dependent on the U.S. market. In 2017, the total value of fasteners imported by the United States from Chinese Mainland was $1.1 billion, an increase of about 13.57% over the same period in 2016. It is located in the second largest import source of fasteners in the United States, accounting for 23.3% of the total import value of fasteners in the United States

figure 7: fastener import source in the U.S. market

in 2017, the United States imported the most fasteners from China: other screws and bolts (with or without nuts or washers), with an import volume of 309000 tons and an import amount of 480million US dollars; Nuts, with an import volume of 114000 tons and an import amount of 220million US dollars; Self tapping screws, with an import volume of 3700 tons and an import amount of 84million US dollars

figure 8: list of fastener products involved in China US trade war

according to the latest progress of China US trade war, the tariff increase by the US government covers almost all fastener products. This is a huge pressure for Chinese fastener enterprises facing the loss of 1/5 of the world market share. On the one hand, there is still a big gap between China's manufacturing technology and that of developed countries. In recent years, China's fastener industry has implemented structural adjustment, transformation and upgrading, speed-up and efficiency increase driven by innovation. If the share of exports to the United States decreases, it is bound to affect the industrial development speed of the whole industry. On the other hand, for Chinese fastener enterprises, the U.S. market is the largest single national market in the world. Affected by the trade war, Chinese enterprises have to look for new export growth points, which will be a great challenge for small and medium-sized enterprises at the bottom of the industrial chain

however, even under the background that the United States deviates from the principle of international trade fairness and vigorously pursues trade protectionism policies, the world market is still very broad. Chinese fastener enterprises now force Jinan experimental machine factory Jinan new era Gold Testing Instrument Co., Ltd. to welcome you to call us for consultation. What the business needs to do is to stabilize the pressure and speed up the transformation and upgrading. Only continuously improving the product quality and quality is the foundation of development

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