China Auto and Electronics Industries Show High Demand for Fasteners

The China auto industry is the largest user of the domestic fasteners, demanding for 23.2% of the gross fastener sales volume, the repair industry and construction industry is the second demander (about 20%), and the electronics industry is in the third place (about 16.6%).  

In recent years, the ratio gap between the China fastener import unit price and export unit price continues to increase, showing the China fastener industry is still the developing industry and there is a disparity between the fastener industry of China and those of the US, Japan, and the European developed countries.