Unreasonable fastener industry caused export decline
China Digital Clock Factory, Digital Clock Factory in China, China Digital Desk Clock Factory, China Digital Wall Clock Factory Guangzhou Huan Yu Clocking Technologies Co., Ltd. , https://www.mk-times.com
The rise in raw material costs has caused companies to increase product prices, but the premise of product price increases is the increase in technology and brand strength. This is a continuous process. This is a bottleneck for small and medium-sized fastener companies. They need to survive hard.
At present, the global demand for fastening castings is mainly concentrated in the three major markets of North America, Western Europe and Asia. Its annual demand is more than US$10 billion, and it is also the main market for fastener exports in China. With the EU, Mexico, the United States, Russia and other large-scale anti-dumping arbitration and investigation of China's fastener industry, China's fastener exports have been pushed to the cusp.
Due to the unreasonable structure of traditional fastener products in China, the low product grade and low added value have caused prices to be difficult to increase. Although the global financial crisis and overseas anti-dumping actions have caused a significant drop in the growth rate of China’s fastener exports, we must also realize that it is the irrational structure of our fastener industry that will cause this situation.
Transformation and upgrading are the inevitable choices facing Chinese fastening companies. Although the cost will increase after the product is upgraded, the increase in product prices can completely offset the increase in costs. It is understood that special industry fastener products have advantages, such as fasteners used in the aviation, military, railway and other industries, the special nature of these products determines the superiority of their prices, so domestic fastener companies can focus on Develop such markets.
At present, there are tens of thousands of fastener companies in China, but only 60 of them have an annual output value of more than 100 million yuan. Compared with overseas companies, our strength is obviously weaker. Therefore, China's fastener manufacturing enterprises must step out of the old path of low-cost competition, and then pay attention to brand building and enhance the company's core competitiveness.
The rise in raw material costs has caused companies to increase product prices, but the premise of product price increases is the increase in technology and brand strength. This is a continuous process. This is a bottleneck for small and medium-sized fastener companies. They need to survive hard.
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