3/5/2012 1:32:00 AM
NEWS BRIEFS
U.S. Imports of Taiwan Fasteners Grow
A new report shows the U.S. continued to be the largest consumer of Taiwan’s fasteners, importing 34% of Taiwan’s fastener exports in the first three quarters 0f 2011, trailed by Germany (10%), the Netherlands (6%), Japan (6%) and the U.K. (4%), CENS.com reports.
Based on statistics compiled by the Metal Industries Research & Development Center (MIRDC), Taiwan also imported NT$3.3 billion of fasteners, with Japan, the U.S., China, Germany and the Philippines among the top-five suppliers accounting for 53%, 10%, 9%, 6% and 4% shares.
“MIRDC analysts say that global market observers are increasingly pessimistic about the weak U.S. economy, partly due to interrupted global supply chains in the auto and auto parts sectors following the massive earthquake in northeastern Japan on March 11, 2011, and partly due to governmental moves in response to surging international oil prices that may compromise budding domestic demand,” writes reporter Steve Chuang.
The average price of the industry’s shipments to the U.S. and EU reached NT$74.2 and NT$77.9 per kilogram.
Taiwan’s fastener industry finished the first nine months with NT$94.3 billion in output, up 17%, and exports and imports of NT$87.7 billion and NT$3.3 billion, respectively, up 17% and 15% year-on-year.
Local demand for fasteners grew 16% to NT$9.9 billion.
A new report shows the U.S. continued to be the largest consumer of Taiwan’s fasteners, importing 34% of Taiwan’s fastener exports in the first three quarters 0f 2011, trailed by Germany (10%), the Netherlands (6%), Japan (6%) and the U.K. (4%), CENS.com reports.
Based on statistics compiled by the Metal Industries Research & Development Center (MIRDC), Taiwan also imported NT$3.3 billion of fasteners, with Japan, the U.S., China, Germany and the Philippines among the top-five suppliers accounting for 53%, 10%, 9%, 6% and 4% shares.
“MIRDC analysts say that global market observers are increasingly pessimistic about the weak U.S. economy, partly due to interrupted global supply chains in the auto and auto parts sectors following the massive earthquake in northeastern Japan on March 11, 2011, and partly due to governmental moves in response to surging international oil prices that may compromise budding domestic demand,” writes reporter Steve Chuang.
The average price of the industry’s shipments to the U.S. and EU reached NT$74.2 and NT$77.9 per kilogram.
Taiwan’s fastener industry finished the first nine months with NT$94.3 billion in output, up 17%, and exports and imports of NT$87.7 billion and NT$3.3 billion, respectively, up 17% and 15% year-on-year.
Local demand for fasteners grew 16% to NT$9.9 billion. ©2012 GlobalFastenerNews.com
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