6/27/2012 2:15:00 AM
NEWS BRIEFS
Japanese Screw Market Shakeup
The screw import volume of Japan grew more than 10% in 2011, 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%.
“This showed that Taiwan has a better performance than China in the Japanese fastener market competition last year,” according to Fastener World.
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. ©2012 GlobalFastenerNews.com
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