Taiwan Fastener Imports & Exports both Fall in First Half
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Taiwan fastener output decreased 3% year-on-year to NT$ 59.6 billion in the first half of 2013. Imports and exports both fell with the import value down 6% to NT$ 2.1 billion and export value down 3% year-on-year to NT$ 55.5 billion. The local fastener demand contracted 4% year-on-year to NT$ 6.3 billion.

The average price for Taiwan fastener exports also declined 5% year-on-year to NT$78/kg in the first six months of 2013.

The top five consumers of Taiwan’s fasteners were the U.S. (accounting for 38% of Taiwan’s fastener exports), Germany (9%), Japan (6%), the Netherlands (5%) and UK (4%). The average price of fasteners to Japan was the highest, up to NT$ 90.7/kg. Prices of the rest four countries were between NT$72/kg to NT$81/kg.

The top five exporters of fasteners to Taiwan were Japan (accounting for 49% of Taiwan’s fastener imports), the U.S. (13%), Mainland China (9%), Germany (6%) and Philippines (3%).

Exports for fasteners from Taiwan to the U.S. in the first half jumped 2% year-on-year to 286,000 tons and exports to EU decreased 7% to 217,000 tons.

Taiwan fastener exports are forecast to reach NT$114.3 billion in 2013, up 1% over the year of 2012, and imports are to NT$ 4.3 billion, down 6%. The annual output value is to be around NT$122.9 billion, up 1%.

www.chinaFastener.info

2013-10-09

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