Before the financial crisis, the total output value of hardware products industry has reached 800 billion yuan, and has been maintaining a growth rate of more than 15%, of which exports amounted to 50.3 billion U.S. dollars, accounting for about 40-50% of the industry's total output value, in addition to 2007 has been maintained in the previous 20-30% high growth.
From the second half of 2008, the financial crisis swept the world. Europe and the United States suffered economic setbacks, the external demand market is seriously shrinking, the export-oriented Chinese hardware industry has had a significant impact. For a time, the hardware industry's export data hit rock bottom, to the first half of 2009, exports compared with the same period last year has fallen 22%, is the history of the situation has never been.
According to customs statistics, in 2009, the whole year, in the ten categories of hardware products exports, architectural hardware products year-on-year decline was larger, reached 31..2%. Tool products also fell by more than 7%.
Time into 2010, the hardware industry appeared in the international market demand began to slowly pick up, orders gradually increased the “warming” signs. Many people began to suggest that the hardware industry has also entered the so-called “post-crisis era”, saying that China's hardware industry has begun to come out of the shadow of the financial crisis, the form is very optimistic, the future is very bright.
“I am afraid we are a bit early to be happy now."‘’ 10 China International Hardware Show (CIHS'10) organizing committee experts said, “At present, the hardware industry's export is indeed growing, but it is more of a ‘restorative’ growth, or called 'retaliatory ' growth.”
China's hardware exports rebound? It looks beautiful.
According to the official statistics of the Canton Fair, the 107th Canton Fair. Total turnover of 34.3 billion U.S. dollars, an increase of 12.6% over the 2009 Autumn Fair, but taking into account the 2009 is in the financial crisis is more serious, the relevant turnover data is relatively low, so according to this year's growth rate, the export volume of the various industries has not been restored to the level of the financial crisis before it can only be regarded as a “restorative growth Therefore, according to the growth rate this year, the export volume of various industries has not recovered to the level before the financial crisis, and can only be regarded as “recovery growth”.
Experts in the foreign trade industry believe that although the turnover of the Canton Fair has maintained the momentum of restorative growth, but not back to the level before the financial crisis. At present, there are still a lot of unknown factors in the international market, the recovery of foreign trade should not be optimistic. Exhibitors also said that exhibitors generally reflected that emerging market buyers purchasing desire increased significantly, the prospect of recovery of the international market is optimistic, but they are also worried about the exchange rate of the renminbi, the continuity of the relevant national policies and cost increases and other factors, the turnover of short-term single more, long single less phenomenon is still prominent.
