China is a net exporter of metal fasteners. Customs data shows that from 2014 to 2018, China’s export of metal fasteners showed an overall upward trend. In 2018, the export volume of metal fasteners reached 3.3076 million tons, a year-on-year increase of 12.92%. It began to decline in 2019 and decreased to 3.0768 million tons in 2020, a year-on-year decrease of 3.6%. The import of metal fasteners is generally relatively stable, with 275700 tons imported in 2020.
The United States and Europe are important markets for China’s export of metal fasteners, but due to EU anti-dumping measures and the impact of the Sino US trade war, the export of metal fasteners to these regions has contracted. Due to the low concentration of the export market of metal fasteners, the industry will further develop the markets along the “the Belt and Road” in the future. The “the Belt and Road” policy and the warming of relations with African countries have certain advantages for fastener enterprises. One is national policy support, with corresponding preferential policies and terms, such as Uganda and Kenya having new industrial parks under construction; Secondly, the prices of products in these countries are not low, and China has a price advantage in fasteners; Thirdly, the agricultural revitalization, industrial revitalization, airport, port, dock, and infrastructure construction of these countries all require a large amount of fasteners, hardware, machinery, high-end equipment, automotive parts, etc., with a huge market and a large profit margin.
The third ‘the Belt and Road’ Summit Cooperation Forum was held recently in Beijing. Since the ‘the Belt and Road’ initiative was put forward ten years ago, HANDAN YONGNIAN WANBO FASTENER CO., LTD has actively implemented the ‘the Belt and Road’ initiative and continuously deepened cooperation with countries along the ‘the Belt and Road’.
The market of emerging countries is becoming more and more important, and our products have been purchased by more and more customers in the ‘the Belt and Road’ countries. Our products can be transported by sea to Southeast Asia, the Middle East, and Africa, and by rail to Russia, Central Asia, and Central and Eastern European countries. We are willing to work with our customers to provide high-quality and affordable fastener products for the local market. Our bolts and nuts are used in various mechanical processing and construction industries, and our anchoring products are widely used for fixing products in construction.
Post time: Jun-03-2019
