Analysis of Supply and Demand Status and Trade Situation of China's Fastener Industry in 2020

Release time:

2020-11-27

Core Tip: The output of metal fasteners in the first half of 2020 is 4.6648 million tons.

Analysis of Supply and Demand Status and Trade Situation of China's Fastener Industry in 2020

Core Tip: The output of metal fasteners in the first half of 2020 is 4.6648 million tons.

Fastener production increased steadily

In the past 30 years, with the rapid development of metallurgical industry, machinery industry and electronic industry, it has led to the upgrading of global fastener products and the continuous progress of fastener industry. Since the beginning of the 21st century, the country's major cross-century projects-west-east gas transmission, south-to-north water diversion, high-speed railway and west-to-east power transmission-have been rolled out in an all-round way, and domestic automobile, machinery, home appliances, shipbuilding, transportation and other industries have continued to grow. strong production and construction demand will drive a substantial growth in the fastener industry. According to data released by the China Machinery General Parts Industry Association, from 2015 to 2019, my country's fastener production increased year by year, and the output in 2019 was about 8.5 million tons.

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Metal fasteners are the main type of fastener production in China. According to the data released by China Machinery General Parts Industry Association, the output of metal fasteners in China fluctuated from 2017 to 2019. In 2019, the output of metal fasteners in China reached 7.4323 million tons, accounting for 87.44 of the total output of fasteners. In the first half of 2020, the output of metal fasteners was 4.6648 million tons.

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　　Fasteners demand increased year by year

Fasteners are widely used in various fields such as machinery, equipment, vehicles, ships, railways, bridges, buildings, structures, tools and instruments. The development of the equipment manufacturing industry is closely related. An analysis of the data in recent years shows that the sales revenue of China's fastener industry fluctuates from 2012 to 2019. According to the development trend of China's fastener downstream industry, it is expected that the sales revenue of China's fastener industry will be about 138 billion yuan in 2019.

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　　Trade surplus gradually increased

In 2019, China's total import and export of fasteners was $9.376 billion, down 4.39 percent from the same period last year, of which, China's total import of fasteners in 2019 was $2.839 billion and total export was $6.537 billion. In 2019, China's fastener trade surplus was 3.698 billion billion US dollars, up 9.83 percent year-on-year, mainly due to the decline in imports far greater than the decline in exports.

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　　Downstream Industry Demand Growth

From the downstream demand industry of fastener products, global fasteners are mainly used in the automotive industry, electronics industry and construction and maintenance industry. Among them, the automobile industry is the largest user, the demand accounts for about 23.2 of the total sales of fasteners; followed by the maintenance industry market and the construction industry, accounting for about 20% of the total sales of fasteners; the third is the electronics industry, accounting for about 16.6 of the total sales of fasteners.

The market demand for fastener products is very large. All kinds of mechanical and electrical products and all large, medium and small projects not only need a large number of fasteners for initial installation and initial construction, but also need a large number of fasteners for regular and irregular maintenance and repair according to design regulations in the long-term operation of all equipment and various projects, which are generally several times of the amount of initial installation and initial construction. From the perspective of market product categories, China's rapid development of automobile industry, home appliance industry, power industry, transportation industry and many major and mega projects are in urgent need of all kinds of high-strength, high-precision and high-performance fasteners. It can be predicted that the domestic demand for fasteners will grow rapidly in the next few years.

(Source: Prospective Industry Research Institute)