3/13/2012 11:15:00 AM
HEADLINES
Jiaxing Fastener Exports Slow in 2011
The fastener exports of Jiaxing city rose 30.9% to US$1.023 billion in 2011, on volume gains of 9.5% to 715,516 tons — representing a “mild slowdown” from the previous year, ChinaFastener.Info reports.
However, the price of Jiaxing’s fastener exports averaged US$1,430/ton, up 19.8% from 2010.
For steel fasteners, the average price gained 19.95% to US$1425/ton, while copper fastener prices rose 19.06% to US$10059/ton and aluminum fastener prices increased 7.21% to US$2603/ton.
By value, aluminum fastener exports grew at the fastest rate — increasing 49.3% to US$1.39 million.
Steel fastener exports grew 30.05% to $US1.018 billion, down from the 51.55% rate of growth from the previous year.
Copper fastener exports dropped 6.57% to US$3.42 million. Copper washers had the largest export gain at 93.3%, followed by coach screws (48%) and other steel or iron threaded products (43.87%).
Other steel or iron non-threaded products declined 57%.
Jiaxing fastener exports to the US. climbed 30.7% to US$212.32 million, while exports to the EU increased 29.63% to US$223.97 million. “Jiaxing’s fastener exports to these two markets accounted for 42.63% of the total export value, down 0.29 percent compared with a year earlier,” according to ChinaFastener.Info.
Meanwhile, exports to emerging markets surged: Ukraine (57.3%), Saudi Arabia (56.2%), Singapore (55.96%), Mexico (52.91%), Chile (51.76%), and Russia (50.07%). ©2012 GlobalFastenerNews.com
The fastener exports of Jiaxing city rose 30.9% to US$1.023 billion in 2011, on volume gains of 9.5% to 715,516 tons — representing a “mild slowdown” from the previous year, ChinaFastener.Info reports.
However, the price of Jiaxing’s fastener exports averaged US$1,430/ton, up 19.8% from 2010.
For steel fasteners, the average price gained 19.95% to US$1425/ton, while copper fastener prices rose 19.06% to US$10059/ton and aluminum fastener prices increased 7.21% to US$2603/ton.
By value, aluminum fastener exports grew at the fastest rate — increasing 49.3% to US$1.39 million.
Steel fastener exports grew 30.05% to $US1.018 billion, down from the 51.55% rate of growth from the previous year.
Copper fastener exports dropped 6.57% to US$3.42 million.
Copper washers had the largest export gain at 93.3%, followed by coach screws (48%) and other steel or iron threaded products (43.87%).
Other steel or iron non-threaded products declined 57%.
Jiaxing fastener exports to the US. climbed 30.7% to US$212.32 million, while exports to the EU increased 29.63% to US$223.97 million.
“Jiaxing’s fastener exports to these two markets accounted for 42.63% of the total export value, down 0.29 percent compared with a year earlier,” according to ChinaFastener.Info.
Meanwhile, exports to emerging markets surged: Ukraine (57.3%), Saudi Arabia (56.2%), Singapore (55.96%), Mexico (52.91%), Chile (51.76%), and Russia (50.07%). ©2012 GlobalFastenerNews.com
Related Stories:
• EU Tops U.S. As #1 Importer of Taiwan Fasteners
• EU Announces Review of Tariffs on Fasteners From China and Taiwan
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