In the last several years, China market of Fasteners developed steadily, with an average growth rate of 4.5%. In 2017, China revenue of Fasteners is nearly 11.4 biliion USD; the actual production is about 8,000,000 tons.
The China average price of Fasteners is in the decreasing trend, from 1501 USD/ Ton in 2012 to 1425USD/Ton in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Fasteners includes Steel, Aluminum, Copper and others. The proportion of steel in 2017 is about 90%, and the proportion of Cooper Fasteners in 2017 is about 5.1%.
Fasteners are application in automotive, machinery, construction, MRO and other industry. The most proportion of Fasteners is used in automotive, and the market share in 2015 is about 26.86% and the proportion of machinery in 2017 is about 31%
China is the largest consumption place, with a consumption market share nearly 39.54% in 2017. China has large export ratio.
Market competition is intense. With the development of society and the changing of consumer demand, the Fasteners industry will be more and more popular in the future.
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