Korea: Korea’s fastener output and sales both saw increase in 2010 to 810,000 tons and USD 2.7 billion respectively, which were attributed to the growth of domestic automotive market such as HYUNDAI. The import value jumped 30.6% to USD 380 million in 2010, compared with USD 290 million in 2009. The imports from China took up 35.9% of the total amount. The export value reached USD 320 million, an increase of 32.1% compared with USD 240 million in 2009.

Japan: Affected by the earthquake, Japan’s industries such as mechanical components, electronic products and materials were badly damaged and the supply chain was cut off. Due to the lack of electricity supply, the production decreased dramatically. The output from January to March 2011 dropped 4.5% year-on-year to 680,000 tons, and the value also declined by 2.1% year-on-year to JPY 195.6 billion.

China Mainland: China mainland’s total production value and profit of the machinery industry reached RMB 14 trillion and RMB 900 billion in 2010, up 34% and 53% year-on-year respectively. The fastener imports increased 32% to 258,300 tons and the value increased 26% to USD 2.66 billion.

Taiwan: Taiwan’s export volume in 2010 surged 42.93% to 1.28 million tons compared with that of 2009. The export value also grew 55.29% to USD 3.2 billion.

Hong Kong: Hong Kong’s export volume gained 9% to 32,850 tons, and the export value soared 31% to USD 370 million. The import volume declined 27% year-on-year to 44,190 tons while the import value increased 20% to USD 330 million, which showed that the import prices were raised.

www.chinaFastenerinfo.net