Qingsong Fastener Manufacturing Company Explores New Opportunities in the Russian Fastener Market!

On October 8th, the highly anticipated Fastenex 2024, the international fastener, fittings, and tools exhibition in Russia, commenced with great fanfare at the Crocus Expo International Exhibition Center in Moscow. Qingsong Fastener Manufacturing Company's delegation journeyed to Moscow to participate in this four-day industry event, pioneering the way for Chinese enterprises' overseas expansion.

Fastenex Russia Fastener Exhibition is a large-scale international B2B trade show specifically designed for manufacturers, wholesalers, distributors, and suppliers in the fastener and industrial supplies sector. Over 300 exhibitors showcased a range of products including standard fasteners, industry-specific fasteners, wire, equipment, networking systems, and tools, with a significant presence of Chinese exhibitors. Buyers at this edition of the exhibition primarily hailed from construction, automotive, aerospace, marine equipment, electronics, engineering machinery, home appliance manufacturing and installation, energy generation, and communication equipment sectors, with an expected attendance of over 1,500 professional visitors.The Russian fastener market has been experiencing rapid growth, with the market size reaching 16.44 million tons in 2022, including a production volume of 12.5 million tons and an import volume of 4.57 million tons, accounting for 27.8% of the total market volume. This growth is attributed to the increased demand for metal products in various economic sectors such as industry, construction, and infrastructure development during Russia's economic recovery phase. The exhibition provides a platform for Qingsong and other Chinese companies to tap into this expanding market, especially with the backdrop of Western brands exiting the market, leaving a significant vacuum for Chinese products to fill.

The exhibition not only serves as a showcase for the latest products and technologies but also as a barometer for the trends and developments in the global fastener industry.With the support of the Chinese government's export policies and the convenience of cross-border payments in local currencies, Qingsong and other Chinese exhibitors are well-positioned to take advantage of the opportunities presented by the Russian market.

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