8/2/2010 10:39:00 AM
Frbiz Predicts China Fastener Exports Will Slow in Second Half of 2010

China’s fastener demand will grow at a 12.5% annually, but exports will be down in the second half of 2010, a China-based e-commerce company projected.
Frbiz.com is a vertical search engine for fasteners, including titanium and aircraft fasteners and numerous other products.

• Frbiz estimated the North American fastener market increased from US$13.5 billion in 2004 to $16.6 billion for 2009. North America accounts for 34.3% of the global demand.

• Western Europe grew from US$11 billion in 2004 to $14 billion for 2009, according to Frbiz. Western and Eastern Europe combined account for 31.7% of global demand.

• Asian fastener demand grew from  $US 9 billion in 1999 to $13.5 billion in 2004 and $19.2 billion. Asia is now the third largest fastener market, accounting for 28.4% of the global market.

While China is growing at a 12.5% rate, other Asian countries are up 8.4%.

The North American, European and Asian markets combined for 94.4% of total world fastener demand.

Fastener costs are rising due to inflation, domestic raw material and labor costs increasing in China. Although in June, the purchase price index was down 7.6% from the previous month.

Frbiz predicts the overall rising costs will slow China’s fastener export growth in the second half of 2010. ©2010 GlobalFastenerNews.com

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