At present, at least 70% of China's pogo pin (spring thimble) industry are
private enterprises, which are the main force in the development of China's pogo
pin (spring thimble) industry. Although the financial crisis in the past few
years had a slight impact on the export of pogo pins in my country, it has
improved since 1999. The foreign exchange earned by exports rose from US$2.76
billion in 1995 to US$3.847 billion in 1999, an increase of 71.74%. , an average
annual increase of 11.4%, and has been growing steadily since then. Domestic
pogo pin (spring thimble) market dynamics, China's daily-use pogo pin (spring
thimble) industry has entered the forefront of the world: since 1996, China has
successively established zippers, electric shavers, stainless steel utensils,
iron pots, blades, bicycles Lock and other 14 technology development centers,
most of these centers have developed into industry leaders, and some have become
world leaders. For example, Xunxing Group, which produces zippers, has an output
value of more than 320 million yuan; China has gradually become the world's pogo
pin (spring thimble) processing A big country and a big exporter, China's pogo
pin (spring thimble) industry exports are currently accelerating at an average
annual rate of more than 10%. Last year, the export of foreign exchange exceeded
5 billion US dollars, ranking third in China's light industry exports.
In the international pogo pin (spring thimble) market, developed countries
in Europe and America, due to the rapid development of production technology and
the rise in labor prices, have transferred common products to developing
countries and only produce products with high added value. And China has a
strong market potential, so it is more favorable to develop into a big
processing and exporting country of pogo pin (spring thimble). my country's pogo
pin (spring thimble) market is mainly distributed in Zhejiang, Jiangsu,
Shanghai, Guangdong and Shandong and other places, of which Zhejiang and
Guangdong are the most prominent. In the hand tool product category, sockets are
the bulk of exports, hand tool combinations, gardening tools, wrenches ranked
the top four in order, and pliers ranked fifth. In terms of exporting countries,
the United States ranks first, followed by the United Kingdom, Germany and
Japan.
In the hand tool market, the demand for hand tools in the United States has
stabilized. While the scale of new housing in the United States increased at the
end of last year, there are still a large number of existing houses that are
unoccupied, which brings great opportunities for the housing renovation market.
The average model and age of motor vehicles are increasing, which has played a
certain role in promoting the sales of hand tools in the automotive aftermarket.
Strong demand for forged tools for electronics distribution, especially
adjustable wrenches; and increased demand for hand tools in Germany, where
comfort and effort-saving tools are the most popular. A smooth handle that helps
to grip the tool and an aesthetically pleasing appearance are important factors
in their desire to buy. In terms of tool types, power tools are now increasingly
popular. Cordless tools are also becoming more popular. The new rechargeable
tools currently on the market have multiple rechargeable battery jacks and can
be used in various environments; Taiwan's hand tool industry has adjusted its
product structure. It can meet the needs of customers and has certain advantages
in the world. Moreover, the sales of hand tools in Taiwan are mainly in the
off-island market. At present, there are about 5,000 local manufacturers, most
of which are located in the central area of Taiwan Island, mainly small and
medium-sized enterprises.
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