The analysis about locks industry in Yiwu market

The analysis about locks industry in Yiwu market

Yiwu market’s lock industry focused on F district, two stage, International Trade City, it has a variety of products. Locks products in yiwu market including padlock, drawer lock, chain lock, handle lock, the ball-lock, password lock and so on. The 88.39 percent of locks in Yiwu market from Zhejing province. Yiwu local production of these products accounted for 27.94 percent, most of them are the factory direct sales business.

At present, locks products on the domestic and international market demand for different, high-grade padlock do not demand much in the country, but Europe and the United States and other developed countries’ merchants are intrested in them. There are much more foreign lists. Midrange locks accessories sales situation is gratifying (such as the products which has the characteristics of the handle, of Latin America). Because of its style counterparts, affordable, fast shipping and other characteristics, it take relatively large volume of foreign trade, mainly exported to Japan, Korea and other countries and the Middle East. Motorcycle lock and lock in the high-grade steel have basic warmer and growing steadily in the domestic and foreign markets. Middle and low-grade padlock mainly exported to the Middle East and other places or the domestic market (such as Guangzhou, Shanghai, Wenzhou). The replenishment products are from the surrounding cities in Domestic. Middle and low-grade chain lock, compact and convenient ring-shaped bike lock favored by foreign investors, the export volume is wonderful. With the advance of tourism, easy to carry and suitable for travel, password lock sold very well both in Domestic and foreign trade, mainly exported to the Middle East, Guangzhou and other places. Expect the ordinary locks products, higher prices and has a special feature of the magnetic lock (such as hotel computer-controlled lock), sales general trend. The manufacturability locks and fashionable with the National Customs?¡¥ hand locks become a bright spot sales.

Although Yiwu locks industry outward is better and product stability, still has many difficulties and problems:

First, locks belong to the labor-intensive enterprises, specialized production level is not high, industry has low entry barriers.

Second, many locks industries have low-grade products in the market. This products have more competitive in the wholesale market.

Third, copper, zinc and other metal raw material prices rose substantially all the way, it brings great pressure on costs and sales.