China Fastener Exports Grew 13% in 2011

The fastener export volume of China in 2011 amounted to 3.5563 million tons, up 13.4% over 2010, with an average export unit price of USD1.691/kg, up 15.78%. The export value totaled USD6.008, up 31.29%. With regard to the export markets, China’s largest exporting country was the US, which occupied over 670,000 tons, accounting for 18.86% of the total exports (up 10.24% over 2010), followed by Russia, which occupied over 220,000 tons with a market share of 6.21% (up 26.89%).  

On the other hand, the countries with the largest export growth rate were Thailand, which occupied 75,400 tons (up 98.33%), Indonesia, which accounted for 73,300 tons (up 63.11%), and Turkey, which accounted for 78,900 tons (up 46.17%). The exports of China to India and to Saudi Arabia both reached over 80,000 tons and up about 28%.

However, the exports of China to Germany in 2011 were less than 100,000 tons while the exports to the UK and Italy were only 60,000 tons, among which the export volume to the UK only grew 5.91% compared to that of 2010.

From the abovementioned, under the situation that the EU continues to impose the high anti-dumping duty, China’s exports to the European market are not promising. The exporting countries with higher export volume and growth rate are mainly from non-EU countries, especially from the US and Southeast Asia.