China's fastener production and sales amounted to 7.3 million tons this year

In 2012, the fastener industry experienced a negative growth, which was down 1.5% year-on-year, mainly due to the lack of market demand. In particular, after the fasteners suffered international anti-dumping, export sales declined. At the same time, through the integration of customs data, China's fastener import and export volume both decreased in 2012: export volume was 2.4461 million tons, and foreign exchange earned through exports reached US$4.516 billion, a year-on-year decrease of 4.8% and 2.4% respectively; fasteners import volume was 25.24%. Ten thousand tons, the import amount was 2.892 billion US dollars, down 4.7% and 2.2% respectively.

According to industry sources, although the domestic fastener industry suffered a setback in 2012, the whole industry is expected to achieve steady growth in 2013 and it is estimated that by 2013, the production and sales of fasteners will reach around 7.3 million tons. With the growth of China-ASEAN Free Trade Area, more potential free trade zones may emerge, and Chinese companies’ efforts to go abroad, China’s fastener export market is expected to further diversify, especially to emerging markets and development. The expansion of the country.