7/9/2012 1:14:00 AM
HEADLINES
Asian Fastener Exports Growing
Several reports in recent days show widespread gains among Asian fastener exporters in 2011.
Most Asian countries with fastener exports achieved double-digit gains in volume and value, with one exception.
Japan’s fastener industry was hampered by the earthquake and tsunami that struck the island nation in March 2011, producing a disaster at one of its nuclear facilities.
While several Asian countries faced flooding and other natural disasters during the year, most fastener producers were able to achieve gains in overseas markets.
China’s Steel Fastener Exports Jump 14% Despite Duties
China exports of steel fasteners in 2011 respectively grew 14% to 2.589 million tons, with the value jumping 27.5% to US$4.66 billion, ChinaFastener.com reports.
Exports accounted for 38% of overall fastener sales in China, which produced 6.8 million tons of fasteners — up 9.7% from the previous year. China’s overall fastener production value increased 10% to YUAN 66 billion for the year.
While overall fastener exports to the EU were hampered by antidumping duties, nuts and other excluded fastener products achieved gains, ChinaFastener.com reports.
Fastener exports to the U.S. rose 13.3%.
China fastener producers also found customers in emerging markets, including Russia, India, Brazil, and South Africa, and Eastern Europe.
In addition , China imported 264,000 tons of fasteners in 2011 at a value of US$2.94 billion — a gain of 2.4%.
Natural and Economic Pressure Reduce Japan Output
Japan’s fastener output declined 3.7% to 2.76 million tons in 2011, with the overall value dropping 1.4% to YEN 797.3 billion, Fastener World reports.
Japan’s export volume dipped 1.8% to 305,000 tons, while the export value decreased 1.6% to YEN 231.9 billion.
In 2011, the fastener imported by Japan grew by 10.8% and 11.8% to 218,000 tons and 64 billion YEN, which was the highest in history.
The screw import volume of Japan grew 10.8% to 218,000 tons in 2011, with the value gaining 11.8% to YEN 64 billion, Fastener World reports.
Japan’s two major importing countries, Taiwan and China, accounted for 90% of the total import volume. But China no longer holds the top spot for fastener imports to Japan.
As measured by rate of growth, Taiwan was the clear winner in 2011, achieving a 12% growth rate in Japan compared with China’s growth rate of 9%.
However, the import volume of Japan from China is still far higher than that of Taiwan. As estimated, the fastener imports of Japan from China achieved 211,300 tons last year, accounting for 68.2% of the total import volume, while Taiwan totaled 64,000 tons with a market share of 21%.
In terms of the import unit price, the average import unit price from China was US$2.041/kg, up 13.19% over 2010, while the average import unit price of the imports from Taiwan was US$3.639/kg, up 12.44% over 2010.
Taiwan Fastener Exports Hit All-Time High
Taiwan’s fastener exports achieved all-time highs in 2011, ChinaFastener.com reports. Export volume increased 11.14% to 1.42 million tons, and the value of those exports jumped 23.61% to US$ 3.97 billion.
The U.S. imported 520,000 tons of fasteners — 36.6% of the overall export total for Taiwan. The unit price ranged from $2.5/kg to $2.8/kg.
Germany (145,000 tons), the Netherlands (86,000 tons), Japan (64,000 tons), and the UK (60,000 tons) rounded out the top five importers of Taiwan fasteners, according to ChinaFastener.com.
South Korean Fastener Export Value Soars
The total output of South Korea’s fastener production topped 820,000 tons valued at US$ 2.8 billion in 2011, according to ChinaFastener.com.
Automotive (630,000 tons), construction (70,000 tons) and electronics (20,000 tons) industries were the three largest consumers of South Korea’s fasteners.
The export value of fasteners jumped 50% to US$ 480 million dollars in 2011.
South Korea’s overall import value grew 13.5% to US$ 440 million, which included $105 million worth of fasteners from the U.S., $33 million worth of fasteners from Germany, and US$160 million worth of fasteners from China.
Hong Kong Export Value Increases
Hong Kong fastener imports grew 3% to 45,482 metric tons in 2011. The import value dipped 2% to US$ 324.6 million, according to ChinaFastener.com.
Hong Kong’s fastener exports dropped in 2011, hurt by global economic uncertainties. The export volumes dropped 6% to 30,735 metric tons, while the export value gained 1% to US$ 373.8 million.
Hong Kong exported 65% of its fasteners to China in 2011. ©2012 GlobalFastenerNews.com
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