Global Fastener Market Consumer Survey

According to a highly-reported US report, China will continue to grow its fastener demand in the next few years, and will increase by 12.5% ​​annually. Compared with the growth rate of 8.4% in other Asian countries, the demand for fasteners in China will increase. Ranked first in the world rankings.

In introducing the production of fasteners in various countries and regions, it was mentioned that several countries and regions have already experienced phenomena of overproduction. The first region is Africa and the Middle East. By 2012, the output will reach 2.675 billion U.S. dollars, but the demand is only 1.175 billion U.S. dollars. The second region is Asia and the Asia-Pacific region. By 2012, China’s total production will reach 4 billion U.S. dollars, while domestic demand will be 3.7 billion U.S. dollars, but the demand in this region is only 4.8 billion U.S. dollars. To exceed the output, only vigorously to expand the export market.