Projection for Trend of Chinese Fastener Exports in 2014

Currently China still faces antidumping measures from the EU, USA, Canada, Mexico, Russia, Belorussia, Kazakhstan, South Africa, Colombia, Turkey, involving more than 11 cases.

The top 3 largest markets for Chinese fastener exports are USA, the EU, and Japan.

By 2014, USA will be the one to lead the global growth. Despite the weak demand of the US in 2013, it still ranked the top one in Chinese fastener exports. During Jan.-Nov., 2013, the total amount of fastener exports from China to the US was 450 thousand tons at the total value of USD823,042,162. It is expected that, with the growing US economy, the fastener exports from China to the US will show more increase margin in 2014. The EU has been always the major market of Chinese fastener exports, which represents one third of its total exports.

Influenced by the European debt crisis in 2013, the growth of the fastener exports of the EU has slowed down. During Jan.-Nov., only 3 EU member states (i.e. Germany, UK, and Italy) were included in the list of major fastener exports markets of China. The export amount for these 3 countries was 58 thousand tons, 36 thousand tons, and 32 thousand tons, respectively.

In 2013, Japan was still the 3rd largest market of Chinese fastener exports and the largest market for Chinese imports (calculated by value). During Jan.-Nov., 2013, China exported 138 thousand tons of fasteners to Japan at the value of USD 285,382,022, while China imported 76 thousand tons of fasteners from Japan at the value of 808,773,740. In 2014, the fastener trade between China and Japan is expected to be stable.

Russia

Although Russia saw a gloomy year in 2013 for its economic performance, it was then the 2nd largest market for Chinese fastener exports. The fastener exports from China to Russia have been increasing during these years. During Jan.-Nov., 2013, the total fastener export from China to Russia was 215 thousand tons at the value of USD 289,051,227. It is expected that by 2014 the fastener exports from China to Russia will show a steady growth.

South Korea

Automobiles, electronics, and shipbuilding demanding for a large amount of fasteners are major industries for fastener applications in South Korea. During these years, South Korean automobiles, electronics, and IT industries have been growing fast, especially the automobiles industry. Not only the exports of cars in South Korea have been growing substantially, but the export value of auto parts during the past 20 years was multiplied by 50 times. During Jan.-Nov., 2013, South Korea imported 77 thousand tons of fasteners from China at the value of USD 130,216,775, making it the 5th largest market for Chinese fastener exports (calculated by value), only second to Hong Kong.

Australia

In terms of the fastener industry, Australia has always been in the top 10 markets for Chinese fastener exports. During Jan.-Nov., 2013, China exported 64 thousand tons of fasteners to Australia at the value of USD125,032,056. Australia is the 6th largest market for Chinese fastener exports.

India

During Jan.-Nov., 2013, India imported 51 thousand tons of fasteners from China at the value of USD 94,490,413. India is the 11th largest market for Chinese fastener exports. It is expected that by 2014 the economic performance of India will move forward and the fastener exports from China to India will grow further.

ASEAN

China is the largest trade partner for ASEAN and ASEAN is the 3rd largest trade partner of China. Both of them are creating a “sparkling 10 years” together in order to facilitate bilateral trade, investment, and travel and make efforts in achieving USD1,000 billion bilateral trade by 2020.

In the list of top 20 markets of Chinese fastener exports, Malaysia, Thailand, Singapore, Vietnam, and Indonesia are all included. In the next “Sparkling 10 Years”, the demand of ASEAN for fasteners will show more growth margin. In addition, the growth of industries and infrastructure in ASEAN will also boost the development of automobiles, electronics, and construction industries that uplifts the fastener demand.

Emerging Markets

With the growing demand in emerging countries, new factors that activate growth can be created. However, as the so-called “Fragile Five (incl. Turkey, South Africa, India, Indonesia, and Brazil” is going to hold their elections in 2014. Observers believe that these political events will definitely influence the development of emerging economies.