Taiwan Beat China in Japanese Screw Market Competition

The screw import volume of Japan grew over 10% in 2011. Its two major importing countries, Taiwan and China, occupied 90% of the total import volume, among which the import volume from Taiwan grew 12% over 2010 and that from China only grew 9%. This showed that Taiwan has a better performance than China in the Japanese fastener market competition last year.

However, the import volume of Japan from China is still far higher than that from Taiwan. As estimated, the fastener imports of Japan from China achieved 211,300 tons last year, accounting for 68.19% of the total import volume while that from Taiwan totaled 64,000 tons with a market share of 20.96%. In terms of the import unit price, the average import unit price of the imports from China was at USD2.041/kg, up 13.19% over 2010 while the average import unit price of the imports from Taiwan was at USD3.639/kg, up 12.44% over 2010.