The decline in the profit of construction hardware
2023-02-08 12:06:49
The Twelfth Five-year Development Plan for the Building Materials Industry predicts that the demand for the main products of the building materials industry will show a continuous growth in market size and a gradual development trend. During the Eleventh Five-Year period, the average annual growth rate of demand for major building materials products in China is between 10.5% and 15.7%, while the average annual growth rate for demand for products during the 12th five-year plan period is expected to fall from 2.6% to 4.0%.
A few days ago, the "Twelve Five-year Development Plan for the Building Materials Industry" released by the Ministry of Industry and Information Technology shows that during the Eleventh Five-Year Plan period, China's building materials industry had the fastest development speed and the best quality and efficiency for five years. However, with the credit crunch and slower investment growth, the demand for building materials in China will be difficult to maintain the momentum of high growth in the next few years. The Twelfth Five-year Development Plan for the Building Materials Industry predicts that the demand for the main products of the building materials industry will show a continuous growth in market size and a gradual development trend. During the Eleventh Five-Year period, the average annual growth rate of demand for major building materials products in China is between 10.5% and 15.7%, while the average annual growth rate for demand for products during the 12th five-year plan period is expected to fall from 2.6% to 4.0%.
The continuous rise in the cost of decoration is a barometer for the industry. The rising cost and the cooling of the building decoration market are the main reasons for the continuous cooling of the construction hardware industry.
Mr. Cui, who runs the hardware and building materials business, stated that at present, the reason for the price increase of goods is the general increase in the purchase price. He reluctantly said that due to rising prices of raw materials such as steel and aluminum, the price of construction hardware has risen by more than 10%, and profits have dropped from 60% a few years ago to 20% now.
A few days ago, the "Twelve Five-year Development Plan for the Building Materials Industry" released by the Ministry of Industry and Information Technology shows that during the Eleventh Five-Year Plan period, China's building materials industry had the fastest development speed and the best quality and efficiency for five years. However, with the credit crunch and slower investment growth, the demand for building materials in China will be difficult to maintain the momentum of high growth in the next few years. The Twelfth Five-year Development Plan for the Building Materials Industry predicts that the demand for the main products of the building materials industry will show a continuous growth in market size and a gradual development trend. During the Eleventh Five-Year period, the average annual growth rate of demand for major building materials products in China is between 10.5% and 15.7%, while the average annual growth rate for demand for products during the 12th five-year plan period is expected to fall from 2.6% to 4.0%.
The continuous rise in the cost of decoration is a barometer for the industry. The rising cost and the cooling of the building decoration market are the main reasons for the continuous cooling of the construction hardware industry.
Mr. Cui, who runs the hardware and building materials business, stated that at present, the reason for the price increase of goods is the general increase in the purchase price. He reluctantly said that due to rising prices of raw materials such as steel and aluminum, the price of construction hardware has risen by more than 10%, and profits have dropped from 60% a few years ago to 20% now.
Art Roller,Paint Art Roller for Ceiling,Best Painting Art,Paint Roller for Art
Jiangmen Nichiyo Decorative Material Co.,Ltd. , https://www.nichiyopt.com