China’s fastener industry recorded negative growth in 2012 recorded negative growth in 2012, with output dropping 1.5% from 2011, according to China Machinery General Parts Association. The main reason for the decline was the weak market demand, especially the international antidumping measures on Chinese fasteners which hindered Chinese fastener exports.
Both import and export reportedly declined in 2012. The export volume fell 4.8% to 2,464,131 tons, with the export value dropping 2.4% to $4.5 billion.
Meanwhile the import volume fell 4.7% to 252,448 tons, with the import value dropping 2.2% to $2.89 billion.