Fasteners are the most widely used mechanical foundations. China’s fastener products are exported to many countries globally, and fastener products from all over the world are also pouring into the Chinese market. 

Fasteners, as one of the products with the most significant import and export volume in China, are in line with international standards, which have important practical significance and practical significance for promoting Chinese fastener enterprises to go to the world and promoting fastener enterprises to participate in international cooperation and competition fully. Strategic significance.

Due to the specifications, dimensions, tolerances, weights, properties, surface conditions, marking methods, and specific requirements of items such as acceptance inspection, marking, and packaging for each specific fastener product.

According to the “2021-2025 China Fastener Industry Competition Analysis and Development Prospect Forecast Report” released by the China Research Institute of Puhua Industry:

Import and export status of China’s fastener industry

From January 2020 to January 2021, the export value of China’s fasteners increased steadily. In 2020, the export value was 8.8 billion US dollars. In January 2021, the export value was 870 million US dollars, a year-on-year increase of 74%. From January 2020 to January 2021, China’s export volume of fasteners increased steadily. In 2020, the export volume was 4.07 million tons, and in January 2021, the export volume was 410,000 tons, a year-on-year increase of 56%.

There are about 10.000 fastener manufacturers in China, of which there are nearly 2.000 large-scale fastener enterprises. There are too many small and medium-sized fastener enterprises, insufficient technology, and high investment in replacing advanced equipment, so it is impossible to produce high-quality and high-quality fasteners—technology Products. The development of the industry is seriously unbalanced, and it is in urgent need of transformation and upgrading to develop towards the overall high-end direction.

With the rapid development of modern technology, the fastener industry also improved in 2019. For example, foremost standard parts industry leaders have entered the field of e-commerce to meet the needs of the times. 

With the penetration of Internet technology in the industry, fasteners are constantly increasing. Update new platform, a new way out. There are about 7,000 fastener manufacturers in China, and there are more than 2,000 enterprises above designated size in this industry. Still, there are few large-scale enterprises with a total industrial output value of more than 500 million yuan. Therefore, the overall scale of domestic fastener enterprises is relatively small.

Policies promote the transformation and upgrading of the fastener manufacturing industry.

In October 2019, China announced the “Industrial Structure Adjustment Guidance Catalogue (2019 Edition)”, which listed alloy steel, stainless steel, weathering steel high-strength fasteners, titanium alloys, aluminum alloy fasteners, and precision fasteners as ” “Encouraged category,” and “manufacturing items of ordinary low-grade standard fasteners below grade 8.8” are listed as “restricted category.” 

The introduction of the national industrial policy will guide the further high-quality development of China’s leading fastener enterprises and effectively promote the transformation and upgrading of the fastener manufacturing industry.

Industry insiders analyzed that due to policy changes and the continuous reduction of export tax rebate rate, fasteners face a situation of “reshuffling,” and some smaller private enterprises are more challenging to operate. Gradually realize independent research and development, independent brand, to become more substantial.

 “Fastener Capital” Hebei Yongnian

Overview: After more than 30 years of development, Yongnian has more than 2,300 production enterprises and gradually formed an industrial cluster and a vast market network. The annual output of fasteners is nearly 3 million tons, with sales of more than 20 billion yuan. Introduced a high-strength fastener base project stone crusher manufacturer with a total investment of 10.7 billion yuan. This project ended the history of China’s long-term dependence on imports for high-end products in this field. In 2018, after a round of large-scale upgrading and renovation, the industrial scale had made a qualitative leap.

Advantages: The sales volume accounts for nearly half of the national share, forming an excellent regional advantage. In addition, the local government has relatively more support policies for the fastener industry every year.

Disadvantages: On such a vast industrial scale, the industrial structure is not perfect, the product competitiveness is not strong, and there is a lack of cooperation between enterprises, there is no “speaking right” in the purchase of raw materials and the price determination of product sales.

“Hometown of Fasteners” Zhejiang Haiyan

There are more than 700 standard fastener manufacturers in Haiyan County. In 2006, the county’s standard fastener production exceeded 1 million tons, accounting for about 22% of the county’s total economic output, and its sales revenue was 4 billion yuan. 70% are exported, and self-operated exports are nearly 200 million US dollars. The export volume of nuts accounts for 50% of Zhejiang Province, and the output and export volume of long screws are the first in the country. The production of cone crushers, ball mill manufacturers, Raymond mills, high-pressure mills, small ball mills, and other equipment have passed ISO9001 international quality system certification.

Advantages: The public service platform related to the fastener industry is relatively complete. The national fastener professional market, the national fastener testing center and the fastener surface treatment center have formed a complete range from raw material supply product production to manufacturing and another relatively complete industrial chain.

Haiyan is located in the middle of the Yangtze River Delta, adjacent to Hangzhou Bay in the east and Hangzhou in the southwest. The location is excellent. With the planning and construction of critical projects such as the Hangzhou Bay Cross-sea Bridge, Huangpu Expressway, and Shaojia Expressway, Haiyan will form a one-hour transportation network to the four major cities of Shanghai, Hangzhou, Suzhou, and Ningbo, with a prominent location advantage. 

At the same time, Haiyan is about 100 kilometers away from Shanghai Hongqiao International Airport, Pudong International Airport, Hangzhou Xiaoshan International Airport, and Ningbo Airport, and air transportation is very convenient. In addition, Haiyan is very close to fastener enterprises in Shanghai, Jiaxing (Jiashan), Ningbo, Haimen, Wenzhou, and other surrounding cities. The construction of the Haiyan fastener market plays a vital role in developing local fastener enterprises. 

The Yangtze River Delta has always been a hot spot for foreign investment. Jiangsu, Zhejiang, Shanghai, heavy industry, electronics, hardware, electromechanical, light industry, and commercial trade are highly developed. These industries that use a lot of fasteners have become “fertile soil” for fastener companies to survive.

The government’s support for the fastener industry is also a significant reason for its development.

Fastener industry agglomeration and industry chain construction were further strengthened. With the high-strength standard parts park in Daqiao New District as the core, the fastener industrial park based on Wuyuan Town, Qinshan Town, and Yucheng Industrial Zone has been formed. 

The strategy of “leader-driven, dislocation development” has achieved good results. More than 450 production enterprises are supporting 10 leading fastener enterprises with annual exports of more than 10 million US dollars and 18 key enterprises with exports of more than 1 million US dollars; fastener industry There are more than 1,200 industrial and commercial registered enterprises in the group, including 827 production enterprises; the chamber of commerce and 12 key production enterprises have established direct supply relationships with more than 20 steel companies; Huangqiao Comprehensive Wharf, Haiyan Bridge, and Xitang Bridge Wharf Trinity Chamber of Commerce Inland River The construction of wharf and warehousing system is formed.

Disadvantages: Most enterprises rely on foreign trade for their orders, and the market structure is too single. If the overseas economic conditions are not good, the Haiyan fastener industry base will be the most affected.

Wenzhou Fastener Industry

Wenzhou’s fastener industry started in the 1970s and has experienced nearly 30 years of development. More than 3,000 fasteners and upstream and downstream related enterprises in Wenzhou. A considerable number of enterprises still exist in family workshops and mom-and-pop shops. There are also about 10,000 active households located all over the country, which have developed rapidly in recent years. More than 200 large-scale and high-grade enterprises have an annual output of more than 1 million tons and an annual output value of about 10 billion yuan, accounting for about. It has a 30% market share in the country.

Advantages: Wenzhou’s fastener industry started early among the three major industrial bases. Years of accumulation and a series of difficulties encountered in recent years have made Wenzhou’s fastener enterprises realize the importance of brand and image. The external image of Wenzhou fastener enterprises has always maintained a good situation.

Disadvantages: With the skyrocketing land prices in Wenzhou, the government’s attention and support are relatively weak for enterprises such as the fastener industry, which are polluting and energy-intensive, and many fastener enterprises are forced to relocate, and the number of fastener enterprises in Wenzhou is also relatively plummeted.

Checking the 3 major fastener industry bases, they have different advantages and disadvantages. It is precisely because of the three unique fastener industries in the three places that the current three-pronged pattern of China’s fastener industry has been created. Haogongpin drives innovation in the industrial chain with digital technology in the fastener industry, establishes a national network distribution system for industrial parts, integrates supply chain resources with the Gongyun Chain SaaS system, and opens up information on regional suppliers and production plants across China. 

Silos and improve overall supply chain efficiency. At the same time, an industrial Internet base was established in Haiyan, Jiaxing, to empower the whole industry chain, and solve the problems of low product circulation efficiency of manufacturers, untraceable product quality, and insufficient business categories traders.