As an important component in the industrial system, most industries are related to the spring manufacturing industry, and springs have a large amount of use. With the increasing status of China in the global manufacturing industry, the demand for springs continues to rise. For The development of the industry provides sufficient protection.

1. Industry policy

In November 2019, 15 departments including the National Development and Reform Commission jointly issued the "Implementation Opinions on Promoting the Deep Integration and Development of Advanced Manufacturing and Modern Service Industry", proposing that by 2025, a group of enterprises with active innovation, significant benefits, excellent quality and driving effects will be formed. The outstanding in-depth integration of development enterprises, platforms and demonstration areas, the gradual increase in investment in productive services of enterprises, the continuous improvement of the industrial ecology, and the integration of the two industries have become an important support for promoting the high-quality development of the manufacturing industry.

In April 2021, the Ministry of Finance and the State Administration of Taxation jointly issued the "Announcement on Clarifying the End-of-period Refund Policy of Advanced Manufacturing Value-Added Tax", which mentioned that starting from April 1, 2021, taxpayers in advanced manufacturing industries who meet the conditions at the same time can From May 2021 and subsequent tax declaration periods, apply to the competent tax authority for refund of incremental excess tax credits.

2. Market output

With the rapid development of my country's manufacturing industry, the output of springs and other related parts is also increasing rapidly. According to the market data compiled by Beijing Yanjing Bizhi, the output of my country's spring market will reach 1.45 million tons in 2020, compared with 1.49 million tons in 2019. Tons have decreased by 40,000 tons compared with the same period last year, a year-on-year decrease of 2.7%. By 2021, domestic spring production will resume growth and reach about 1.53 million tons, an increase of 80,000 tons compared with the end of the previous year, a year-on-year increase of 5.5%.

3. Market demand

In terms of domestic spring market demand, compared with market output, my country's spring market demand has shown a continuous decline in recent years. In 2020, the domestic spring market demand will be 1.27 million tons, a year-on-year decrease of about 40,000 tons. , a year-on-year decrease of 3.1%. In 2021, the national spring market demand will continue to decline, falling to 1.26 million tons, a decrease of about 10,000 tons compared with the end of the previous year, and a year-on-year decrease of 0.8%.

4. Market size

In recent years, the product scale and variety of the domestic spring market have continued to increase. By the end of 2020, the scale of China's spring market was about 33.5 billion yuan, an increase of 2.5 billion yuan over the same period last year, and a year-on-year growth rate of 8.1%. It has risen to about 34 billion yuan, a year-on-year increase of 1.5%, and the market growth rate has slowed down significantly. Beijing Yanjing Bizhi predicts that by 2025, the scale of my country's spring market will reach more than 40 billion yuan.

5. Market import and export

In terms of market imports, the import volume of my country's spring market will reach 174,000 kilograms in 2021, a year-on-year increase of 25.2% from 139,000 kilograms in the same period of the previous year. Compared with an increase of 20.7%, the market has a large room for growth.

In terms of market exports, the export volume of the domestic spring market in 2021 will be 265,000 kilograms, an increase of 63.6% compared with 162,000 kilograms in the same period of the previous year. Compared with an increase of 30.8%, the market growth rate is faster.