Shanghai 2009, Exports Fell Fasteners Analysis
Shanghai Customs total exports in 2009 steel or copper standard fasteners 929,000 tons, worth 1.32 billion U.S. dollars, decreased by 42% over the previous year and 49.4%. Industry experts pointed out that the sluggish international market demand, and trade protectionism is the main reason for the substantial decrease in export fasteners.
The main features of exports in 2009 are: single-month export volume continued to decline significantly over the previous year. Since November 2008 to December 2009, Shanghai Customs fastener exports for 14 months in a year ago. Among them, 2009 years ago, 8 months, the single-month drop in exports were more than 40% in September after the one-month drop in exports has narrowed, to export 93,000 tons in December month, to year high, but the decline was still as high 22%.
The average export price for 9 consecutive months of decline. Since April 2009, the monthly average export price fasteners 9 months showed a continuous decrease trend, but in October, the price decline gradually narrowed.
The great majority of general trade exports. In 2009, Shanghai Customs to general trade export of fasteners 906,000 tons, down 42.4%, accounted for 97.6% of total exports fasteners.
The largest market for exports to the EU on the original serious decline. In 2009, total U.S. exports of Shanghai Customs fasteners 176,000 tons, down 43.1%, accounted for 19% of total exports fasteners, fastener beyond the EU became the largest export market; on EU exports 151,000 tons, sharply down 73.2 %, greater than the annual average decline fastener exports 31.2 percent higher, the proportion fell from the previous year’s 35.1% to 16.2%.
Main force for the export of private enterprises, state-owned and foreign-invested enterprises fell significantly. In 2009, the private sector through the Shanghai Customs export fasteners 500,000 tons, down 30.1%, accounted for 53.9% of total exports fasteners. Over the same period, foreign-invested enterprises and state-owned enterprises are export fasteners 205,000 tons and 18.5 million tons, down 51.2%, respectively, and a substantial 52.3%.
Downturn and international market demand, trade protectionism is a fastener 2009, Shanghai Customs District exported substantial decline. Since 2009, by the impact of the global market downturn, a substantial decline in the demand on the fastener. Particularly the United States and the European Union affected the larger economies, as major markets for its exports fell Shanghai becomes even more obvious fasteners. Shanghai Fasteners export decline in 2009 compared with 1.9 percentage points higher than the national decline. Meanwhile, with the anti-dumping, countervailing rise of trade protectionism and so on, resulting in 2009 Shanghai fastener exports face greater obstacles. January 31, 2009, the European Union on China’s screws and bolts to levy the maximum tax rate of 85% of the anti-dumping duties, imposed for 5 years; Russia, Mexico, China and other countries also have restrictive measures fastener products. By now, eight countries or regions of fastener products, anti-dumping investigation. November 6, 2009, the United States to terminate the fasteners while the “dual” investigation, but it is worth attention is that on Jan. 6, 2010, Canada also announced on the origin of the carbon steel and stainless steel fasteners in China to make anti-dumping industrial damage, and countervailing final ruling on the carbon steel fasteners continue to levy anti-dumping and countervailing duties, export of fasteners in China is not optimistic outlook. To ensure the continued export of China’s fastener industry stable, industry experts recommend: First, to encourage enterprises to overcome fear, and actively respond to all kinds of trade protectionism, the foreign proceedings; second is to strengthen the guidance of government departments and industry associations such as the coordinating role of the enterprise respond to trade friction to provide the necessary support; 3 is a positive development in emerging markets and the domestic market to help companies out of the woods.
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