8/23/2011 9:39:00 AM
NEWS BRIEFS
Taiwan Fastener Exports To U.S. Down From Pre-Recession Level
The export value of fasteners exported from Taiwan in the first quarter of 2011 grew 17% to a record 337,000 tons, with the value gaining 22% to NT$26.5 billion, Fastener World reports. The average export unit price in Q1 was NT$ 78.4/Kg.
The U.S. economy continues to recover at a slow pace.
“Although the import amount of fasteners imported to the US saw a growth of 21% in Q1 2011 as compared to the same period of 2010, this figure was a decline of 25% as compared to the same period of 2008,” according to Fastener World.
The amount of fasteners exported from Taiwan to the U.S. in Q1 grew 13% as compared to the same period of 2010, but remains 8% lower than exports during the opening quarter of 2008.
The average export unit price of fasteners exported from Taiwan to the U.S. was NT$ 71.3/Kg, which was lower than the average NT$ 72.4 price of 2010.
Problems of credit ratings and financial measures have slowed the EU’s economic recovery as well, though Taiwan has benefited from the EU’s tariffs on fasteners from China.
“The amount of fasteners exported from Taiwan to the EU in December 2010 and March 2011 reached 44,000 tons and 48,000 tons (a record high), respectively. The amount of fasteners exported from Taiwan to the EU market in Q1 2011 saw a growth of 24% as compared to the same period of 2010.”
The average export unit price of fasteners exported from Taiwan to the EU was NT$ 75.1/Kg, down from the NT$ 75.5/Kg price average of 2010.
During Q1, Taiwan fastener imports grew 12% to NT$ 1 billion. ©2011 GlobalFastenerNews.com
Share: