2010 Global Fastener Industry Development and Trend Analysis

In 2010, the fastener industry showed signs of recovery in the economic recovery environment. The world's leading fastener magazines all stated that in 2010, there was a promising increase in orders for the fastener industry. However, for the second half of 2010, as well as future development plans and outlook, what will happen to the global fastener market? The Golden Spider reporter discussed with the editors of the world's major fastener magazines, combined with the current situation, conducted a brief analysis of the development situation and trends of the 2010 global fastener market.

Japan
<br> <br> According to the Japanese Ministry of Finance trade statistics, Japan's import and export volume in 2009 decreased by fasteners 40% year on year and 29.4%, respectively, for 53.3 billion yen and 191.939 billion yen.

Japan’s Fastening Journal’s female president, Guy Hui, said that sales of many Japanese fastener manufacturers fell by 50% in 2009, and even individual company sales fell by 90% in straight lines. The losses were very heavy. . In the industrial market, construction fasteners have dropped by 60%.

“At the beginning of 2010, Japanese fasteners began to show signs of recovery,” said Gui Hui, adding that in the first half of the year fastener sales in Japan had returned to 80% before the crisis. According to Japan's financial and trade statistics, Japan’s fastener imports amounted to 5.4 billion yen in April 2010, an increase of 21.3% year-on-year. In May, exports were 18.8 billion yen, a year-on-year increase of 39.5%. The main importers and exporters are still China, the United States, and Thailand.

Guihui also pointed out that in addition to the current recovery in performance, Japanese fastener manufacturers are also paying attention to another issue, which is to increase the price of fasteners. In fact, before the financial crisis, Japanese fastener manufacturers were very optimistic about the future situation, when fastener sales increased by 20% year-on-year. Now that the situation has improved, major manufacturers have begun to rethink the issue of price increases for fastener products.

The European
“European Fasteners Industry has similar situation: sales of fasteners in Europe fell sharply in 2009, and fastener prices started to increase in 2010.” said Phil Matten, editor-in-chief of Fastener+Fixing Magazine, the European fastener magazine.

In 2009, European automotive market sales fell by 40%, with truck sales falling by 60%. The construction industry fell by 30% to 35%. At present, market segments are taking the lead, such as the recovery of small backhoes driven by the recovery of real estate. “There was a time when the car market was bleak until the orders were almost zero,” Matten revealed.

In the first half of 2010, many European fastener sales increased. Sales of Swiss fastener distributor Bossard increased by 24% in the first quarter from the fourth quarter of 2009 to 118.6 million Swiss francs (approximately 84.6 million euros). The sales of the Wrth Group in Germany from January to April also increased by 6.3%. Robert Friedmann, president of the Würth Group’s Central Council, said, “We will continue to increase our sales efforts and continue to expand our customer base. This year's annual sales growth target is set at 8%.”

Russia, Russia's fastener magazine "Fasteners, Adhesives, Tools &..." Editor-in-Chief Alexander Ostashov said that the Russian government is currently inclined to adopt protective tariff policies, but the overall situation is "to promote Russian fasteners in the And quality upgrades.” In addition, he also cited Bolt, a wholesaler of Russian fasteners. Ru example. Bolt. Ru had previously completed a verification test of a 10.9-rated high strength bolt (M16 to M27) ​​produced by a German company, Peiner Umformtechnik GmbH. This kind of high-strength bolt is currently being used in the construction of bridges in Russia.

In order to expand the varieties of Russian fasteners, “the Russian fastener manufacturers need to do a lot of work in the future. At present, they are making great efforts to enhance their execution,” said Ostashov.

It is reported that BelZAN, the largest automotive fastener manufacturer in Russia, has been providing fasteners for road construction since 2009 and plans to develop wind power equipment in the future to expand the variety of fasteners and achieve product diversification. The Russian Severstal-Metiz Group also passed the verification of high-strength fasteners for bridge construction. "Many fastener factories are currently planning to expand their mechanical plant," Ostashov said.

Shortly afterwards, the revision of the Russian standard for high-strength fasteners and the preparation of special fastener standards for bridge structures will also be completed.

John Wolz, editor-in-chief of the North American Global Fastener News website, also pointed out that North American fastener manufacturers and distributors have all indicated that sales have grown in 2010, but they have no strong confidence in whether future sales will maintain sustained growth.

In the survey of Fastener Industry News (FIN) at the end of 2009, "'sales', 'sales', 'sales'" were among the most mentioned, and Wolz said.

According to reports, in 2009, sales of about 80% of North American fastener distributors and manufacturers declined. The FIN sales index was a new low, and FIN's Best Fasteners Index also hit a new low in 16 years, falling from 6.5 last year to 3.8 at the end of 2009.

In addition, at the close of 2009, the FIN fastener stock index rebounded and almost rose to the same level as before the 2008 crash. According to the “American Fastener Journal” statistics, in February 2010, the US fastener imports and exports increased by 16.1% and 22.9%, respectively, and the import and export situation improved.

Global Fastener News also conducted a survey of North American fastener companies in the first quarter of 2010. The survey results are as follows:

Fastener prices: 60% of the fastener companies intend to maintain stable fastener prices in the next 6 months, and 34% of companies are ready to increase prices by an average increase of 8.6%.

Sales: 90% of fastener manufacturers and 75% of distributors expect sales to increase by about 10% in 2010.

On the cost side: About 40% of the fastener companies said that in the coming months, there will be a slight increase in costs, while 12% of companies predict that costs will decrease.

Employment situation: About 25% of fastener companies are planning to increase their number of employees in 2010, and more than 75% of companies are expected to maintain the current number of employees.

New asset investment: 30% of manufacturers plan to increase investment in new assets in the coming months, and 24% of distributors are also preparing to increase capital investment.

It is worth noting that after the baptism of the financial crisis, there have been some new development trends in global fasteners.

Mr. Kobayashi, executive director of Industrial Fasteners News, Japan’s “Metal Industry News” magazine, said: “The economic recession has caused assets to flow into many large companies, and large companies will become more powerful.”

Matten also pointed out that "nearly all fastener manufacturers now face the pressure of low-cost siting production, but do not rule out some of the safety concept as the most important fastener manufacturers."

In terms of cost, Japanese companies have taken early measures. Decades ago, Japanese manufacturers found that they were inferior to standard fasteners in China, so they began to shift to the development of high value-added products. However, Japanese companies have set up factories in China in recent years, and they are trying to take advantage of China's low production costs to produce ordinary products in China and produce high value-added products in Japan to further seize the Chinese market.

“Eight Immortals crossed the sea, each showing remarkable power.” In 2010, in the fastener industry to the good situation, the world's major fastener countries and regions in order to be able to seize the initiative in the fastener market, have shown their own magic . Whether it is improving quality, raising prices, adopting trade protection measures, taking a diversified route, or taking the road of high added value, it aims to increase its influence and position in the global fastener market.

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