Overview of China's zipper import and export situation in the first quarter of 2019

Release time:

2023-05-24

Overview of China's zipper import and export situation in the first quarter of 2019

2019 is a special year for both foreign trade enterprises and manufacturing enterprises. This year, the expected GDP growth rate has been further lowered, and the policy efforts for high-quality development have been continuously strengthened. The benefits and pains of economic transformation have also emerged simultaneously. Affected by the macro environment and limited by the industry's own development, the zipper industry will also usher in a new wave of industrial upgrading and transfer, and industrial transformation has become the theme song of industrial development. Entering 2019, China's zippers have achieved a stable start, and zipper exports continue to maintain a steady and progressive development trend. The high-quality development of the industry is steadily advancing, and all data are in line with the overall expectations of industrial development.
1、 The overall situation of zipper import and export is stable
According to customs data, the total import and export volume of zippers in China in the first quarter of 2019 was 320 million US dollars, an increase of 2.84% compared to the same period last year. The import amount was 51 million US dollars, a year-on-year decrease of 9.48%, while the export amount was 268 million US dollars, a year-on-year increase of 5.6%. The trade surplus of zipper imports and exports further expanded to 217 million US dollars. Compared with the same period last year, the export growth rate has slowed down, but it still maintains a good operating range. Benefiting from the increasingly mature matching of domestic mid to high end zippers, domestic mid to high end zippers are gradually filling the gap in the domestic market, and zipper imports have further declined, with a further 5.2 percentage points decline compared to last year. In the long run, Chinese zippers still hold enormous potential and will continue to devour YKK's market share in the mid to high end zipper market.
From a monthly perspective: In January, the export value of zippers was 123 million US dollars, a year-on-year increase of 21.82%, while the import value of zippers was 15 million US dollars, a year-on-year decrease of 15.1%; In February, zipper exports reached $50 million, a year-on-year decrease of 44.07%, while zipper imports reached $14 million, a year-on-year decrease of 3.67%; In March, zipper exports reached 94 million US dollars, a year-on-year increase of 51.07%, while zipper imports reached 22 million US dollars, a year-on-year decrease of 9.06%. In the first three months of 2019, there was a significant fluctuation in import and export amounts, mainly influenced by seasonality, with a slight shift in weak and strong months.
By product type: In the first quarter, the total import and export of metal zippers was 51 million US dollars, a year-on-year decrease of 6.96%. Among them, the import of metal zippers was 04 million US dollars, a year-on-year decrease of 28%, and the export was 47 million US dollars, a year-on-year decrease of 4.24%; The total import and export volume of nylon and injection molded zippers was 175 million US dollars, a year-on-year increase of 6.56%. Among them, imports were 27 million US dollars, a year-on-year decrease of 12.7%, and exports were 152 million US dollars, a year-on-year increase of 6.48%; The import and export amount of zipper accessories was 93 million US dollars, a year-on-year increase of 2.06%, of which imports were 24 million US dollars, a year-on-year decrease of 1.31%, and exports were 68 million US dollars, a year-on-year increase of 3.3%. Data shows that nylon and injection molded zippers have always been the main products for zipper exports in China, accounting for about 76% of the total export volume. Recently, the growth trend has been significant, with metal zipper exports continuously declining, market demand weakening, and zipper spare parts exports slightly increasing. With the acceleration of global economic recovery and the acceleration of domestic industrial transfer, there will be significant signs of growth in international zipper production supporting demand in the near future.
2、 The export of zippers is showing an upward trend in quantity, and the import and export prices are showing a double trend.
In the first quarter, the import volume of metal zippers in China was 117 million meters, a year-on-year increase of 5.17%. The export volume of nylon and injection molded zippers was 1.18 billion meters, a year-on-year increase of 6.48%. The export volume of zipper components was 11371 tons, a year-on-year increase of 2.27%. The export of zippers has achieved a year-on-year growth momentum in quantity, indicating that international demand is increasing and the actual competitiveness of domestic zippers is strengthening. However, from the perspective of product prices, metal zippers have also experienced an increase in quantity and a decrease in price due to the poor impact of the entire metal zipper market. Enterprises have adopted low price strategies to obtain export orders for metal zippers, in order to fill the gap in factory production. In the first quarter, the average export unit price of metal zippers was 0.4 US dollars per meter, a year-on-year decrease of 8.95%. The export growth rate of nylon and injection molded zippers remains stable compared to previous years, but there is a slight increase in product prices. The data shows that in the first quarter, the average export unit price of nylon and injection molded zippers was 0.13 US dollars per meter, a year-on-year increase of 3.48%. The average export unit price of zipper components is 6.03 US dollars per kilogram, a year-on-year increase of 1.01%.
In addition, imported zippers have shown a better momentum. Statistical data shows that in the first quarter of this year, the import unit price of metal zippers was 1.13 US dollars per meter, a year-on-year increase of 8.49%. The import unit price was nearly three times the export unit price, and the growth rate was also a double-edged sword. The import unit price of nylon and injection molded zippers is 0.82 US dollars per meter, which is more than 6 times the export unit price of domestic zippers, and the price has increased by 8.95% compared to the same period last year. The import unit price of zipper components is $17.28/kg, a year-on-year increase of 4.35%, which is nearly three times the export price. From the above data, it can be seen that imported zipper products have far surpassed domestic zippers in terms of price, and have more say in the price increase space. In the field of high-end zipper products, domestic zippers still have a long way to go.
3、 The zipper export pattern remains basically unchanged
From the perspective of export regions, the top ten provinces for zipper exports in China in the first quarter were Zhejiang, Guangdong, Jiangsu, Shanghai, Fujian, Guangxi, Liaoning, Shandong, Xinjiang, and Jiangxi, with export amounts of 93 million US dollars, 73 million US dollars, 23 million US dollars, 22 million US dollars, 22 million US dollars, 07 million US dollars, 06 million US dollars, 50 million US dollars, 04 million US dollars, and 03 million US dollars, respectively. The top ten export provinces accounted for 95.84% of the total zipper exports in China. Among them, Zhejiang and Guangdong, as major provinces for zipper exports, together account for 61.88% of the total zipper exports in China, which has decreased compared to previous years, but they are still the main export destinations for zippers in China. From recent years of data, it can be seen that the export pattern of zippers in China has remained basically unchanged. The southeastern coastal areas are better than inland provinces in terms of industry quantity, supporting maturity, and export convenience. This pattern will not be broken for a long time. From the perspective of competitiveness of exported products, Shanghai has the highest unit price for zipper exports, with an average unit price of 5.22 US dollars. Among them, the price of zipper components exceeds the national export average by twice. Secondly, the export unit price of metal zippers in Liaoning exceeds 1 US dollar, and the export unit price of other zippers also exceeds the national average. Benefiting from YKK's Dalian factory, Dalian has always been one of the important production areas for China's zipper exports. It is worth noting that in recent years, there has been a significant growth trend in zipper exports in the central and western regions, and regions such as Jiangxi, Xinjiang, Guangxi, and Anhui are continuously joining the Chinese zipper industry cluster based on their geographical advantages.