As Anton Zaitsev, head of the Sacma Group representative office, noted in his speech at the 6th All-Russian conference “Wire - Fasteners”, Russian consumption of fasteners is currently formed by slightly more than half of imports.
In 2016, Russian imports of fasteners amounted to 207.0 thousand tons, 2.7% less than a year earlier. Domestic production increased by 4.5% compared to 2015, but so far amounted to 197.6 thousand tons. However, in 2017, the growth of Russian output should continue, while imports are decreasing year by year.
According to the forecast of Zion Market Research, by 2022 the turnover of the global fastener market will reach $116.5 billion. Almost half of this volume will account for the countries of the Asia-Pacific region, where the highest rates of consumption growth are observed. About 80% of fasteners in the world are used in the engineering industry, 6.5-7% in construction, and the rest in repair and maintenance.
According to Anton Zaitsev, in Russia there is not only an increase in the production of fasteners, but also an expansion in the share of higher-margin products. This allows us to reduce the influence of competition from Chinese companies that specialize more in relatively cheap fasteners.
