10/10/2013 1:13:00 AM
NEWS BRIEFS
Taiwan Fastener Production Falls
Taiwan’s fastener output fell 3% to NT$ 59.6 billion in the first half of 2013, ChinaFastener.com reports.
The export value decreased 3% year-on-year to NT$ 55.5 billion and the import value fell 6% to NT$ 2.1 billion.
The average export price dropped 5% year-on-year to NT$78 per kg in the first six months of 2013, according to ChinaFastener.com.
The top five importers of Taiwan’s fasteners were the U.S. (38%); Germany (9%); Japan (6%); the Netherlands (5%) and the UK (4%).
Fasteners exported to the U.S. jumped 2% to 286,000 tons in the first half of 2013, while fasteners exported to the EU declined 7% to 217,000 tons.
“The average price of fasteners shipped to Japan ranked the highest, up to NT$ 90.7 per kg. And the prices shipped to the other four countries were between NT$72 per kg to NT$81 per kg.”
The top five exporters of fasteners to Taiwan were Japan (49%); the U.S. (13%); China (9%); Germany (6%); and the Philippines (3%).
The local demand for fasteners fell 4% to NT$ 6.3 billion.
“It is forecast that the total output of Taiwan fasteners will reach NT$122.9 billion, up 1% from 2012; the export value will grow up 1% year-on-year to NT$114.3 billion, the local demand for Taiwan fasteners will decrease by 2% year-on-year to NT$ 12.9 billion and the import will go down 6% year-on-year to NT$ 4.3 billion,” according to ChinaFastener.com.
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